2023
Exports
$5.94kWorld Rnk 74 / 99
Flag Rnk 1157 / 1189
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$147MWorld Rnk 11 / 142
Flag Rnk 382 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $5.94k in Iron Reductions, making it the 74th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1157th most exported product in Mexico. The main destination of Iron Reductions exports from Mexico are: United States ($3.94k) and Italy ($2k).

The fastest growing export markets for Iron Reductions of Mexico between 2022 and 2023 were United States ($3.94k) and Italy ($2k).

Imports In 2023, Mexico imported $147M in Iron Reductions, becoming the 11th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 382nd most imported product in Mexico. Mexico imports Iron Reductions primarily from: United States ($146M) and China ($1.43M).

The fastest growing import markets in Iron Reductions for Mexico between 2022 and 2023 were United States ($23.5M) and China ($886k).

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 Reductions. 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)$5.94k
IMPORTS (2023)$147M
NET TRADE (2023)-$147M

In 2023, Mexico exported $5.94k in Iron Reductions. The main destinations of Mexico exports on Iron Reductions were United States ($3.94k) and Italy ($2k).

In 2023, Mexico imported $147M in Iron Reductions, mainly from United States ($146M) and China ($1.43M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$3.94k (1%)
Italy$2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Mexico WERE (2022 - 2023):
Cuba-$11.8k (-100%)
Saudi Arabia-$3.86k (-100%)
Guatemala-$186 (-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 Reductions were:
In 2023, Mexico's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $802
TOP IMPORT POTENTIALChina+ $640k

Iron Reductions’s highest export potential is United States. With an export gap of $802.   Iron Reductions’s highest import potential is China with an import gap of $640k.

See methodology.

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