2023
Exports
$54.1MWorld Rnk 37 / 123
Flag Rnk 421 / 1189
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.48Rnk 693 / 1025
2023
Imports
$44.5MWorld Rnk 60 / 213
Flag Rnk 627 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $54.1M in Hot-Rolled Iron Bars, making it the 37th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 421st most exported product in Mexico. The main destination of Hot-Rolled Iron Bars exports from Mexico are: Colombia ($17.7M), United States ($16.2M), Guatemala ($10.9M), Canada ($3.84M), and Costa Rica ($2.03M).

The fastest growing export markets for Hot-Rolled Iron Bars of Mexico between 2022 and 2023 were Honduras ($132k), Costa Rica ($65.9k), and Belize ($57.3k).

Imports In 2023, Mexico imported $44.5M in Hot-Rolled Iron Bars, becoming the 60th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 627th most imported product in Mexico. Mexico imports Hot-Rolled Iron Bars primarily from: Malaysia ($14.9M), United States ($9.86M), Portugal ($3.98M), Vietnam ($3.77M), and Japan ($3.17M).

The fastest growing import markets in Hot-Rolled Iron Bars for Mexico between 2022 and 2023 were Malaysia ($14.9M), Portugal ($3.98M), and Vietnam ($3.77M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron Bars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$54.1M
IMPORTS (2023)$44.5M
NET TRADE (2023)$9.63M

In 2023, Mexico exported $54.1M in Hot-Rolled Iron Bars. The main destinations of Mexico exports on Hot-Rolled Iron Bars were Colombia ($17.7M), United States ($16.2M), Guatemala ($10.9M), Canada ($3.84M), and Costa Rica ($2.03M).

In 2023, Mexico imported $44.5M in Hot-Rolled Iron Bars, mainly from Malaysia ($14.9M), United States ($9.86M), Portugal ($3.98M), Vietnam ($3.77M), and Japan ($3.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Honduras$132k (1%)
Costa Rica$65.9k (3.36%)
Belize$57.3k (67.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Mexico WERE (2022 - 2023):
United States-$55M (-77.3%)
Colombia-$54M (-75.3%)
El Salvador-$26.2M (-95.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Hot-Rolled Iron Bars were:
China $2.23B
Germany $1.17B
Italy $808M
In 2023, Mexico's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.2M
TOP IMPORT POTENTIALGermany+ $2.05M

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $31.2M.   Hot-Rolled Iron Bars’s highest import potential is Germany with an import gap of $2.05M.

See methodology.

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