Borates (Excl. Disodium Tetraborate "Borax Refining")
Código 284020 (Harmonized System 2012 by 6 digits)
2023: US$4.91M, Total Trade Exchange
2023: US$1.03M, International Sales
2023: US$3.88M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Borates (Excl. Disodium Tetraborate "Borax Refining") was US$4.91M.
In 2017, the states with the most international sales in Borates (Excl. Disodium Tetraborate "Borax Refining") were Nuevo León (US$1.01k).
The states with the most international purchases in 2023 were Jalisco (US$1.31M), Querétaro (US$1.24M), Estado de México (US$593k), Ciudad de México (US$363k), and Nuevo León (US$53.3k).
In 2017, the main commercial destinations of Borates (Excl. Disodium Tetraborate "Borax Refining") were Netherlands (US$774), Costa Rica (US$87), Guatemala (US$76), Peru (US$70), and Italy (US$7).
The main commercial origins of Borates (Excl. Disodium Tetraborate "Borax Refining") in 2023 were United States (US$1.76M), Italy (US$847k), China (US$723k), Peru (US$78.1k), and Bolivia (US$49.8k).
In the global context, the main exporting countries of Borates (Excl. Disodium Tetraborate "Borax Refining") in 2022 were United States (US$37.6M), Turkey (US$35.9M), and China (US$31.4M). In the same year, the main importing countries of Borates (Excl. Disodium Tetraborate "Borax Refining") were United States (US$25.2M), Brazil (US$20.7M), and Canada (US$12.7M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.91M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Borates (Excl. Disodium Tetraborate "Borax Refining") in Mexico (including international purchases and sales) was US$4.91M.
The visualizations show the net balance of Borates (Excl. Disodium Tetraborate "Borax Refining") 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$368k, International Purchases
In July 2024, international sales of Borates (Excl. Disodium Tetraborate "Borax Refining") were US$0, while international purchases reached US$368k. The above results in a trade balance of -US$368k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$1.01k, State with the Most International Sales (2017)
Netherlands: US$774, Main commercial destination (2017)
In 2017, the states with the highest international sales in Borates (Excl. Disodium Tetraborate "Borax Refining") were Nuevo León (US$1.01k).
In 2017, the countries with the most international purchases from Mexico were Netherlands (US$774), Costa Rica (US$87), Guatemala (US$76), Peru (US$70), and Italy (US$7).
International Purchases
#permalink to sectionJalisco: US$1.31M, State with the Most International Purchases (2023)
United States: US$1.76M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Borates (Excl. Disodium Tetraborate "Borax Refining") were Jalisco (US$1.31M), Querétaro (US$1.24M), Estado de México (US$593k), Ciudad de México (US$363k), and Nuevo León (US$53.3k).
The countries with the most international sales to Mexico in 2023 were United States (US$1.76M), Italy (US$847k), China (US$723k), Peru (US$78.1k), and Bolivia (US$49.8k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Borates (Excl. Disodium Tetraborate "Borax Refining") and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Borates (Excl. Disodium Tetraborate "Borax Refining"). 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- 0.13%, Mexican share in global exports - 2022
- 1.81%, Mexican share in global imports - 2022
The visualizations show the global market for Borates (Excl. Disodium Tetraborate "Borax Refining"). 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 Borates (Excl. Disodium Tetraborate "Borax Refining") were United States (US$37.6M), Turkey (US$35.9M), and China (US$31.4M). In the same year, the main importing countries for Borates (Excl. Disodium Tetraborate "Borax Refining") were United States (US$25.2M), Brazil (US$20.7M), and Canada (US$12.7M).