ProceduresGovernment

Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol])

Código 340490 (Harmonized System 2012 by 6 digits)

 2023: US$98.6M, Total Trade Exchange

2023: US$8.66M, International Sales

  2023: US$89.9M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) was US$98.6M.

In 2023, the states with the most international sales in Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were Nuevo León (US$3.85M), Estado de México (US$2.11M), Ciudad de México (US$1.38M), Jalisco (US$693k), and Tamaulipas (US$133k).

The states with the most international purchases in 2023 were Estado de México (US$30.3M), Ciudad de México (US$29M), Nuevo León (US$8.01M), Jalisco (US$4M), and Baja California (US$3.95M).

In 2023, the main commercial destinations of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were United States (US$2.7M), Costa Rica (US$1.53M), Guatemala (US$1.24M), Brazil (US$729k), and Ecuador (US$527k).

The main commercial origins of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) in 2023 were United States (US$51.4M), China (US$12.7M), Germany (US$7.88M), Italy (US$4.4M), and Malaysia (US$3.03M).

In the global context, the main exporting countries of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) in 2022 were Germany (US$640M), United States (US$590M), and China (US$468M). In the same year, the main importing countries of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were China (US$465M), United States (US$323M), and Germany (US$226M).

Trade Balance of Mexico

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Net Trade Balance

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US$98.6M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) in Mexico (including international purchases and sales) was US$98.6M.

The visualizations show the net balance of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) 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

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July, 2024

  • US$7.78M, International Purchases
  • US$821k, International Sales

In July 2024, international sales of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were US$821k, while international purchases reached US$7.78M. The above results in a trade balance of -US$6.95M.

Market Concentration

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2024-Q3: US$647k, International Sales

The visualization shows the quarterly concentration of international sales of Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) at state level.

In the third quarter of 2024, international sales were US$647k, being the states with the most sales Nuevo León (US$583k), Estado de México (US$31.8k), and Ciudad de México (US$22.1k).

Exchange by Territory

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International Sales

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Nuevo León: US$3.85M, State with the Most International Sales (2023)

United States: US$2.7M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were Nuevo León (US$3.85M), Estado de México (US$2.11M), Ciudad de México (US$1.38M), Jalisco (US$693k), and Tamaulipas (US$133k).

In 2023, the countries with the most international purchases from Mexico were United States (US$2.7M), Costa Rica (US$1.53M), Guatemala (US$1.24M), Brazil (US$729k), and Ecuador (US$527k).

International Purchases

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Estado de México: US$30.3M, State with the Most International Purchases (2023)

United States: US$51.4M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were Estado de México (US$30.3M), Ciudad de México (US$29M), Nuevo León (US$8.01M), Jalisco (US$4M), and Baja California (US$3.95M).

The countries with the most international sales to Mexico in 2023 were United States (US$51.4M), China (US$12.7M), Germany (US$7.88M), Italy (US$4.4M), and Malaysia (US$3.03M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol])  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]). 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.

Origins and Trade Destinations

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  • 0.26%, Mexican share in global exports - 2022
  • 2.72%, Mexican share in global imports - 2022

The visualizations show the global market for Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]). 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 Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were Germany (US$640M), United States (US$590M), and China (US$468M). In the same year, the main importing countries for Artificial Waxes and Prepared Waxes, Excl. the Sealing Waxes and Wax Poli "Oxyethylene" [Polyethylene Glycol]) were China (US$465M), United States (US$323M), and Germany (US$226M).