Articles of Magnesium, N.E.C
Código 810490 (Harmonized System 2012 by 6 digits)
2023: US$47.4M, Total Trade Exchange
2023: US$15.2M, International Sales
2023: US$32.2M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Articles of Magnesium, N.E.C was US$47.4M.
In 2023, the main commercial destinations of Articles of Magnesium, N.E.C were United States (US$14.9M), China (US$26k), and Saudi Arabia (US$369).
The main commercial origins of Articles of Magnesium, N.E.C in 2023 were China (US$30M), United States (US$1.36M), India (US$442k), South Korea (US$179k), and Japan (US$86.3k).
In the global context, the main exporting countries of Articles of Magnesium, N.E.C in 2022 were China (US$97.2M), Austria (US$37.6M), and United States (US$31.6M). In the same year, the main importing countries of Articles of Magnesium, N.E.C were United States (US$39.7M), Germany (US$33.6M), and Canada (US$25.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$47.4M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Articles of Magnesium, N.E.C in Mexico (including international purchases and sales) was US$47.4M.
The visualizations show the net balance of Articles of Magnesium, N.E.C 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$1.98M, International Purchases
- US$1.67M, International Sales
In July 2024, international sales of Articles of Magnesium, N.E.C were US$1.67M, while international purchases reached US$1.98M. The above results in a trade balance of -US$303k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionUnited States: US$14.9M, Main commercial destination (2023)
In 2023, the countries with the most international purchases from Mexico were United States (US$14.9M), China (US$26k), and Saudi Arabia (US$369).
International Purchases
#permalink to sectionChina: US$30M, Main Commercial Origin (2023)
The countries with the most international sales to Mexico in 2023 were China (US$30M), United States (US$1.36M), India (US$442k), South Korea (US$179k), and Japan (US$86.3k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Articles of Magnesium, N.E.C and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Articles of Magnesium, N.E.C. 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- 2.53%, Mexican share in global exports - 2022
- 2.2%, Mexican share in global imports - 2022
The visualizations show the global market for Articles of Magnesium, N.E.C. 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 Articles of Magnesium, N.E.C were China (US$97.2M), Austria (US$37.6M), and United States (US$31.6M). In the same year, the main importing countries for Articles of Magnesium, N.E.C were United States (US$39.7M), Germany (US$33.6M), and Canada (US$25.8M).