2022
Exports
$303MWorld Rnk 5 / 91
Flag Rnk 196 / 1193
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$41.8MWorld Rnk 20 / 163
Flag Rnk 655 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $303M in Steel Ingots, making it the 5th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 196th most exported product in Mexico. The main destination of Steel Ingots exports from Mexico are: United States ($301M), Canada ($1.28M), Colombia ($56.1k), India ($30.5k), and Philippines ($14.4k).

The fastest growing export markets for Steel Ingots of Mexico between 2021 and 2022 were United States ($19.2M), Colombia ($56.1k), and India ($9.95k).

Imports In 2022, Mexico imported $41.8M in Steel Ingots, becoming the 20th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 655th most imported product in Mexico. Mexico imports Steel Ingots primarily from: Brazil ($23M), United States ($14.4M), Canada ($2.87M), Italy ($1.24M), and China ($107k).

The fastest growing import markets in Steel Ingots for Mexico between 2021 and 2022 were United States ($4.54M), Canada ($2.42M), and Brazil ($2.28M).

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 Steel Ingots. 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)$303M
IMPORTS (2022)$41.8M
NET TRADE (2022)$261M

In 2022, Mexico exported $303M in Steel Ingots. The main destinations of Mexico exports on Steel Ingots were United States ($301M), Canada ($1.28M), Colombia ($56.1k), India ($30.5k), and Philippines ($14.4k).

In 2022, Mexico imported $41.8M in Steel Ingots, mainly from Brazil ($23M), United States ($14.4M), Canada ($2.87M), Italy ($1.24M), and China ($107k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$19.2M (6.8%)
Colombia$56.1k (1%)
India$9.95k (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Mexico WERE (2021 - 2022):
China-$9.97M (-100%)
Canada-$4.73M (-78.7%)
Brazil-$33.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Steel Ingots were:
In 2022, Mexico's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.2M
TOP IMPORT POTENTIALItaly+ $1.07M

Steel Ingots’s highest export potential is United States. With an export gap of $14.2M.   Steel Ingots’s highest import potential is Italy with an import gap of $1.07M.

See methodology.

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