Alfalfa Seed for Sowing
Código 120921 (Harmonized System 2012 by 6 digits)
2020: US$304k, International Sales
2023: US$30.2M, International Purchases
The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$7.19M), Jalisco (US$5.5M), Sinaloa (US$3.5M), Chihuahua (US$3.25M), and Guanajuato (US$2.25M).
The main commercial origins of Alfalfa Seed for Sowing in 2023 were United States (US$23.1M) and Australia (US$427k).
In the global context, the main exporting countries of Alfalfa Seed for Sowing in 2022 were United States (US$107M), Italy (US$58M), and Australia (US$43M). In the same year, the main importing countries of Alfalfa Seed for Sowing were Saudi Arabia (US$73.1M), United States (US$27.9M), and Mexico (US$26.6M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Alfalfa Seed for Sowing at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.
Net International Trade
#permalink to sectionJuly, 2024: US$2.13M, International Purchases
In July 2024, international sales of Alfalfa Seed for Sowing were US$0, while international purchases reached US$2.13M. The above results in a trade balance of -US$2.13M.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionCoahuila de Zaragoza: US$7.19M, State with the Most International Purchases (2023)
United States: US$23.1M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Alfalfa Seed for Sowing were Coahuila de Zaragoza (US$7.19M), Jalisco (US$5.5M), Sinaloa (US$3.5M), Chihuahua (US$3.25M), and Guanajuato (US$2.25M).
The countries with the most international sales to Mexico in 2023 were United States (US$23.1M) and Australia (US$427k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Alfalfa Seed for Sowing and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Alfalfa Seed for Sowing. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.026%, Mexican share in global exports - 2022
- 8%, Mexican share in global imports - 2022
The visualizations show the global market for Alfalfa Seed for Sowing. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Alfalfa Seed for Sowing were United States (US$107M), Italy (US$58M), and Australia (US$43M). In the same year, the main importing countries for Alfalfa Seed for Sowing were Saudi Arabia (US$73.1M), United States (US$27.9M), and Mexico (US$26.6M).