2022
Exports
$9.22BWorld Rnk 12 / 226
Flag Rnk 9 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$12BWorld Rnk 5 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $9.22B in Iron or steel articles, making it the 12th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 9th most exported product in Mexico. The main destination of Iron or steel articles exports from Mexico are: United States ($7.8B), Canada ($434M), Colombia ($160M), United Arab Emirates ($71.1M), and Guatemala ($60.9M).

The fastest growing export markets for Iron or steel articles of Mexico between 2021 and 2022 were United States ($1.55B), Canada ($129M), and United Arab Emirates ($52.5M).

Imports In 2022, Mexico imported $12B in Iron or steel articles, becoming the 5th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 9th most imported product in Mexico. Mexico imports Iron or steel articles primarily from: United States ($6.82B), China ($2.08B), South Korea ($526M), Germany ($464M), and Chinese Taipei ($284M).

The fastest growing import markets in Iron or steel articles for Mexico between 2021 and 2022 were United States ($1.06B), China ($382M), and South Korea ($151M).

COMPANIES In 2023, leading companies such as Robert Bosch (37), John Deere (31), and ZF Friedrichshafen (25) were at the forefront of shipping Iron or steel articles from Mexico to the United States.

Latest Trends

Oct 2024

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 or steel articles. 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 (2022)$9.22B
IMPORTS (2022)$12B
NET TRADE (2022)-$2.76B

In 2022, Mexico exported $9.22B in Iron or steel articles. The main destinations of Mexico exports on Iron or steel articles were United States ($7.8B), Canada ($434M), Colombia ($160M), United Arab Emirates ($71.1M), and Guatemala ($60.9M).

In 2022, Mexico imported $12B in Iron or steel articles, mainly from United States ($6.82B), China ($2.08B), South Korea ($526M), Germany ($464M), and Chinese Taipei ($284M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$1.55B (24.7%)
Canada$129M (42.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Mexico WERE (2021 - 2022):
Trinidad and Tobago-$265M (-98.8%)
Saudi Arabia-$17.9M (-99.3%)
Panama-$15.2M (-32.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Mexico's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $670M
TOP IMPORT POTENTIALChina+ $550M

Iron or steel articles’s highest export potential is United States. With an export gap of $670M.   Iron or steel articles’s highest import potential is China with an import gap of $550M.

See methodology.

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