2023
Exports
$384MWorld Rnk 13 / 164
Flag Rnk 171 / 1189
2023
PRODUCT COMPLEXITY IN Iron Blocks
-0.47Rnk 688 / 1025
2023
Imports
$397MWorld Rnk 11 / 220
Flag Rnk 216 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $384M in Iron Blocks, making it the 13th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 171st most exported product in Mexico. The main destination of Iron Blocks exports from Mexico are: United States ($317M), Canada ($26.7M), Guatemala ($17.5M), Honduras ($4.93M), and El Salvador ($4.74M).

The fastest growing export markets for Iron Blocks of Mexico between 2022 and 2023 were Canada ($11.4M), Honduras ($3.3M), and Nicaragua ($1.22M).

Imports In 2023, Mexico imported $397M in Iron Blocks, becoming the 11th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 216th most imported product in Mexico. Mexico imports Iron Blocks primarily from: United States ($162M), Luxembourg ($69.1M), South Korea ($39.4M), Spain ($25.5M), and Turkey ($25.3M).

The fastest growing import markets in Iron Blocks for Mexico between 2022 and 2023 were Turkey ($17.6M), Spain ($14.7M), and China ($11.3M).

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 Iron Blocks. 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)$384M
IMPORTS (2023)$397M
NET TRADE (2023)-$13M

In 2023, Mexico exported $384M in Iron Blocks. The main destinations of Mexico exports on Iron Blocks were United States ($317M), Canada ($26.7M), Guatemala ($17.5M), Honduras ($4.93M), and El Salvador ($4.74M).

In 2023, Mexico imported $397M in Iron Blocks, mainly from United States ($162M), Luxembourg ($69.1M), South Korea ($39.4M), Spain ($25.5M), and Turkey ($25.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Canada$11.4M (74.3%)
Honduras$3.3M (202%)
Nicaragua$1.22M (80.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Mexico WERE (2022 - 2023):
United States-$125M (-28.3%)
Colombia-$13.3M (-81.4%)
Dominican Republic-$7.1M (-96.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Mexico's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $9.38M
TOP IMPORT POTENTIALChina+ $12M

Iron Blocks’s highest export potential is Canada. With an export gap of $9.38M.   Iron Blocks’s highest import potential is China with an import gap of $12M.

See methodology.

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