Animal or Vegetable Fats and Oils
Code 15 (Harmonized System 2012 by 2 digits)
2023: US$3.13B, Total Trade Exchange
2023: US$1.03B, International Sales
2023: US$2.1B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Animal or Vegetable Fats and Oils was US$3.13B.
In 2023, the states with the most international sales in Animal or Vegetable Fats and Oils were Jalisco (US$383M), Sonora (US$111M), Nuevo León (US$89.7M), Estado de México (US$83M), and Ciudad de México (US$63.4M).
The states with the most international purchases in 2023 were Ciudad de México (US$581M), Jalisco (US$507M), Estado de México (US$280M), Michoacán de Ocampo (US$258M), and Nuevo León (US$137M).
In 2023, the main commercial destinations of Animal or Vegetable Fats and Oils were United States (US$533M), Germany (US$82.6M), Denmark (US$48.2M), United Kingdom (US$36.9M), and Canada (US$36.4M).
The main commercial origins of Animal or Vegetable Fats and Oils in 2023 were United States (US$484M), Argentina (US$259M), Canada (US$218M), Spain (US$182M), and Colombia (US$140M).
In the global context, the main exporting countries of Animal or Vegetable Fats and Oils in 2022 were Indonesia (US$38.1B), Malaysia (US$23.6B), and Argentina (US$8.94B). In the same year, the main importing countries of Animal or Vegetable Fats and Oils were India (US$21.9B), United States (US$14.3B), and China (US$14.1B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.13B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Animal or Vegetable Fats and Oils in Mexico (including international purchases and sales) was US$3.13B.
The visualizations show the net balance of Animal or Vegetable Fats and Oils 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$116M, International Sales
- US$169M, International Purchases
In July 2024, international sales of Animal or Vegetable Fats and Oils were US$116M and a total of US$169M in international purchases. For this month the net trade balance of Animal or Vegetable Fats and Oils it was of -US$52.8M.
Market Concentration
#permalink to section2024-Q3: US$103M, International Sales
The visualization shows the quarterly concentration of international sales of Animal or Vegetable Fats and Oils at state level.
In the third quarter of 2024, international sales were US$103M, being the states with the most sales Jalisco (US$43.7M), Sonora (US$26.1M), and Nuevo León (US$9.16M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionJalisco: US$383M, State with the Most International Sales (2023)
United States: US$533M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Animal or Vegetable Fats and Oils were Jalisco (US$383M), Sonora (US$111M), Nuevo León (US$89.7M), Estado de México (US$83M), and Ciudad de México (US$63.4M).
In 2023, the countries with the most international purchases from Mexico were United States (US$533M), Germany (US$82.6M), Denmark (US$48.2M), United Kingdom (US$36.9M), and Canada (US$36.4M).
International Purchases
#permalink to sectionCiudad de México: US$581M, State with the Most International Purchases (2023)
United States: US$484M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Animal or Vegetable Fats and Oils were Ciudad de México (US$581M), Jalisco (US$507M), Estado de México (US$280M), Michoacán de Ocampo (US$258M), and Nuevo León (US$137M).
The countries with the most international sales to Mexico in 2023 were United States (US$484M), Argentina (US$259M), Canada (US$218M), Spain (US$182M), and Colombia (US$140M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Animal or Vegetable Fats and Oils and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Animal or Vegetable Fats and Oils. 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- 0.37%, Mexican share in global exports - 2022
- 1.12%, Mexican share in global imports - 2022
The visualizations show the global market for Animal or Vegetable Fats and Oils. 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 Animal or Vegetable Fats and Oils were Indonesia (US$38.1B), Malaysia (US$23.6B), and Argentina (US$8.94B). In the same year, the main importing countries for Animal or Vegetable Fats and Oils were India (US$21.9B), United States (US$14.3B), and China (US$14.1B).