2022
Exports
$62.7MWorld Rnk 28 / 149
Flag Rnk 404 / 1193
2022
PRODUCT COMPLEXITY IN Other Steel Bars
0.29Rnk 456 / 1025
2022
Imports
$818MWorld Rnk 3 / 218
Flag Rnk 125 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $62.7M in Other Steel Bars, making it the 28th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 404th most exported product in Mexico. The main destination of Other Steel Bars exports from Mexico are: United States ($53.3M), Canada ($5.42M), Guatemala ($2.19M), Singapore ($774k), and Colombia ($580k).

The fastest growing export markets for Other Steel Bars of Mexico between 2021 and 2022 were United States ($31M), Guatemala ($1.96M), and Singapore ($449k).

Imports In 2022, Mexico imported $818M in Other Steel Bars, becoming the 3rd largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 125th most imported product in Mexico. Mexico imports Other Steel Bars primarily from: United States ($314M), Canada ($179M), China ($111M), Germany ($50.5M), and Brazil ($33.1M).

The fastest growing import markets in Other Steel Bars for Mexico between 2021 and 2022 were United States ($67.7M), China ($31.8M), and Luxembourg ($20.9M).

COMPANIES In 2023, leading companies such as Nissan (1) were at the forefront of shipping Other Steel Bars from Mexico to the United States.

Latest Trends

Jul 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 Other Steel 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 (2022)$62.7M
IMPORTS (2022)$818M
NET TRADE (2022)-$756M

In 2022, Mexico exported $62.7M in Other Steel Bars. The main destinations of Mexico exports on Other Steel Bars were United States ($53.3M), Canada ($5.42M), Guatemala ($2.19M), Singapore ($774k), and Colombia ($580k).

In 2022, Mexico imported $818M in Other Steel Bars, mainly from United States ($314M), Canada ($179M), China ($111M), Germany ($50.5M), and Brazil ($33.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$31M (139%)
Guatemala$1.96M (846%)
Singapore$449k (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Mexico WERE (2021 - 2022):
Honduras-$2.31M (-100%)
Chile-$320k (-93.9%)
South Korea-$69.9k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Other Steel Bars were:
China $3.04B
Germany $1.79B
Japan $1.06B
In 2022, Mexico's main importing competitors in Other Steel Bars were:

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALChina+ $23.7M

Other Steel Bars’s highest export potential is United States. With an export gap of $13.8M.   Other Steel Bars’s highest import potential is China with an import gap of $23.7M.

See methodology.

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