2023
Exports
$265kWorld Rnk 59 / 107
Flag Rnk 1009 / 1189
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$1.35MWorld Rnk 45 / 175
Flag Rnk 1075 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $265k in Iron Ingots, making it the 59th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1009th most exported product in Mexico. The main destination of Iron Ingots exports from Mexico are: Finland ($153k), Canada ($83.5k), Saudi Arabia ($24.5k), Belgium ($2.76k), and Colombia ($1.22k).

The fastest growing export markets for Iron Ingots of Mexico between 2022 and 2023 were Finland ($33.8k), Saudi Arabia ($24.5k), and Belgium ($2.76k).

Imports In 2023, Mexico imported $1.35M in Iron Ingots, becoming the 45th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1075th most imported product in Mexico. Mexico imports Iron Ingots primarily from: United States ($1.31M), Spain ($27.9k), United Kingdom ($4.99k), Italy ($4.57k), and Sweden ($3.49k).

The fastest growing import markets in Iron Ingots for Mexico between 2022 and 2023 were United States ($777k), Spain ($27.5k), and Italy ($4.57k).

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 Ingots. 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)$265k
IMPORTS (2023)$1.35M
NET TRADE (2023)-$1.09M

In 2023, Mexico exported $265k in Iron Ingots. The main destinations of Mexico exports on Iron Ingots were Finland ($153k), Canada ($83.5k), Saudi Arabia ($24.5k), Belgium ($2.76k), and Colombia ($1.22k).

In 2023, Mexico imported $1.35M in Iron Ingots, mainly from United States ($1.31M), Spain ($27.9k), United Kingdom ($4.99k), Italy ($4.57k), and Sweden ($3.49k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Finland$33.8k (28.3%)
Saudi Arabia$24.5k (1%)
Belgium$2.76k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Mexico WERE (2022 - 2023):
Guatemala-$3.58M (-100%)
Canada-$163k (-66.1%)
United Arab Emirates-$59.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Mexico's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $57.2k
TOP IMPORT POTENTIALUnited Kingdom+ $15.5k

Iron Ingots’s highest export potential is Canada. With an export gap of $57.2k.   Iron Ingots’s highest import potential is United Kingdom with an import gap of $15.5k.

See methodology.

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