2022
Exports
$456MWorld Rnk 24 / 212
Flag Rnk 151 / 1193
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$1.18BWorld Rnk 16 / 187
Flag Rnk 88 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $456M in Scrap Iron, making it the 24th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 151st most exported product in Mexico. The main destination of Scrap Iron exports from Mexico are: United States ($398M), India ($12.9M), United Kingdom ($8.81M), Spain ($8.7M), and Chinese Taipei ($7.16M).

The fastest growing export markets for Scrap Iron of Mexico between 2021 and 2022 were United States ($62.9M), Spain ($1.43M), and Belgium ($1.18M).

Imports In 2022, Mexico imported $1.18B in Scrap Iron, becoming the 16th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 88th most imported product in Mexico. Mexico imports Scrap Iron primarily from: United States ($1.12B), Canada ($33.3M), Netherlands ($20.4M), Dominican Republic ($509k), and Peru ($483k).

The fastest growing import markets in Scrap Iron for Mexico between 2021 and 2022 were United States ($45.2M), Netherlands ($20.4M), and Peru ($483k).

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 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 (2022)$456M
IMPORTS (2022)$1.18B
NET TRADE (2022)-$724M

In 2022, Mexico exported $456M in Scrap Iron. The main destinations of Mexico exports on Scrap Iron were United States ($398M), India ($12.9M), United Kingdom ($8.81M), Spain ($8.7M), and Chinese Taipei ($7.16M).

In 2022, Mexico imported $1.18B in Scrap Iron, mainly from United States ($1.12B), Canada ($33.3M), Netherlands ($20.4M), Dominican Republic ($509k), and Peru ($483k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$62.9M (18.7%)
Spain$1.43M (19.6%)
Belgium$1.18M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Mexico WERE (2021 - 2022):
India-$5.85M (-31.1%)
Netherlands-$5.55M (-82.7%)
Chinese Taipei-$2.16M (-23.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Scrap Iron were:
In 2022, Mexico's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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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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