2023
Exports
$488MWorld Rnk 18 / 207
Flag Rnk 155 / 1189
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$948MWorld Rnk 16 / 177
Flag Rnk 104 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $488M in Scrap Iron, making it the 18th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 155th most exported product in Mexico. The main destination of Scrap Iron exports from Mexico are: United States ($369M), India ($42.4M), Chinese Taipei ($21.5M), Spain ($19M), and United Kingdom ($18M).

The fastest growing export markets for Scrap Iron of Mexico between 2022 and 2023 were Chinese Taipei ($17.5M), India ($11.8M), and United Kingdom ($7.8M).

Imports In 2023, Mexico imported $948M in Scrap Iron, becoming the 16th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 104th most imported product in Mexico. Mexico imports Scrap Iron primarily from: United States ($890M), Canada ($44.8M), France ($12.2M), Guatemala ($345k), and Peru ($303k).

The fastest growing import markets in Scrap Iron for Mexico between 2022 and 2023 were France ($12.2M), Canada ($11.5M), and Brazil ($121k).

COMPANIES In 2024, leading companies such as SIGMA Corp (3) were at the forefront of shipping Scrap Iron from Mexico to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Scrap Iron. 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)$488M
IMPORTS (2023)$948M
NET TRADE (2023)-$461M

In 2023, Mexico exported $488M in Scrap Iron. The main destinations of Mexico exports on Scrap Iron were United States ($369M), India ($42.4M), Chinese Taipei ($21.5M), Spain ($19M), and United Kingdom ($18M).

In 2023, Mexico imported $948M in Scrap Iron, mainly from United States ($890M), Canada ($44.8M), France ($12.2M), Guatemala ($345k), and Peru ($303k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Chinese Taipei$17.5M (434%)
India$11.8M (38.6%)
United Kingdom$7.8M (76.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Mexico WERE (2022 - 2023):
United States-$27.4M (-6.92%)
South Korea-$10.1M (-100%)
Spain-$3.13M (-14.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Mexico's main exporting competitors in Scrap Iron were:
In 2023, Mexico's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $32.6M
TOP IMPORT POTENTIALCanada+ $19.1M

Scrap Iron’s highest export potential is India. With an export gap of $32.6M.   Scrap Iron’s highest import potential is Canada with an import gap of $19.1M.

See methodology.

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