2022
Exports
$56.7MWorld Rnk 15 / 123
Flag Rnk 422 / 1193
2022
PRODUCT COMPLEXITY IN Steel Wire
0.96Rnk 189 / 1025
2022
Imports
$103MWorld Rnk 9 / 193
Flag Rnk 473 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $56.7M in Steel Wire, making it the 15th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 422nd most exported product in Mexico. The main destination of Steel Wire exports from Mexico are: United States ($54M), Canada ($1.04M), Brazil ($814k), Guatemala ($513k), and South Korea ($78.7k).

The fastest growing export markets for Steel Wire of Mexico between 2021 and 2022 were United States ($6.93M), Guatemala ($134k), and South Korea ($78.6k).

Imports In 2022, Mexico imported $103M in Steel Wire, becoming the 9th largest importer of Steel Wire in the world. At the same year, Steel Wire was the 473rd most imported product in Mexico. Mexico imports Steel Wire primarily from: United States ($43.8M), South Korea ($22.4M), Japan ($9.54M), Vietnam ($8.18M), and China ($4.72M).

The fastest growing import markets in Steel Wire for Mexico between 2021 and 2022 were United States ($15.3M), Vietnam ($3.45M), and Germany ($1.62M).

COMPANIES In 2023, leading companies such as General Motors (7), ZF Friedrichshafen (6), and John Deere (2) were at the forefront of shipping Steel Wire 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 Steel Wire. 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)$56.7M
IMPORTS (2022)$103M
NET TRADE (2022)-$46.1M

In 2022, Mexico exported $56.7M in Steel Wire. The main destinations of Mexico exports on Steel Wire were United States ($54M), Canada ($1.04M), Brazil ($814k), Guatemala ($513k), and South Korea ($78.7k).

In 2022, Mexico imported $103M in Steel Wire, mainly from United States ($43.8M), South Korea ($22.4M), Japan ($9.54M), Vietnam ($8.18M), and China ($4.72M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$6.93M (14.7%)
Guatemala$134k (35.4%)
South Korea$78.6k (271k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY Mexico WERE (2021 - 2022):
China-$1.07M (-99.8%)
Brazil-$891k (-52.3%)
Canada-$881k (-45.8%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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

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Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.51M
TOP IMPORT POTENTIALChina+ $3.48M

Steel Wire’s highest export potential is United States. With an export gap of $1.51M.   Steel Wire’s highest import potential is China with an import gap of $3.48M.

See methodology.

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