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Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items

Código 5808 (Harmonized System 2012 by 4 digits)

 2023: US$23.9M, Total Trade Exchange

2023: US$14.4M, International Sales

  2023: US$9.52M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items was US$23.9M.

In 2023, the states with the most international sales in Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were Estado de México (US$10.3M), Aguascalientes (US$2.69M), Ciudad de México (US$897k), Querétaro (US$333k), and Tamaulipas (US$37k).

The states with the most international purchases in 2023 were Guanajuato (US$2.23M), Ciudad de México (US$1.99M), Tamaulipas (US$1.7M), Chihuahua (US$649k), and Baja California (US$524k).

In 2023, the main commercial destinations of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were United States (US$13.6M), Germany (US$203k), Hungary (US$131k), Chile (US$93.9k), and Guatemala (US$54.1k).

The main commercial origins of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items in 2023 were United States (US$3.82M), China (US$2.93M), Germany (US$663k), Japan (US$597k), and Taiwan (Republic of China) (US$440k).

In the global context, the main exporting countries of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items in 2022 were China (US$176M), Taiwan (Republic of China) (US$41.2M), and Germany (US$41.2M). In the same year, the main importing countries of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were Vietnam (US$83.5M), United States (US$53.4M), and India (US$25.7M).

Trade Balance of Mexico

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Net Trade Balance

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US$23.9M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items in Mexico (including international purchases and sales) was US$23.9M.

The visualizations show the net balance of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items 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$972k, International Purchases
  • US$1.09M, International Sales

In July 2024, international sales of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were US$1.09M, while international purchases reached US$972k. The above results in a trade balance of US$117k.

Market Concentration

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2024-Q3: US$123k, International Sales

The visualization shows the quarterly concentration of international sales of Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items at state level.

In the third quarter of 2024, international sales were US$123k, being the states with the most sales Ciudad de México (US$81.5k), Baja California (US$23.6k), and San Luis Potosí (US$18.1k).

Exchange by Territory

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International Sales

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Estado de México: US$10.3M, State with the Most International Sales (2023)

United States: US$13.6M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were Estado de México (US$10.3M), Aguascalientes (US$2.69M), Ciudad de México (US$897k), Querétaro (US$333k), and Tamaulipas (US$37k).

In 2023, the countries with the most international purchases from Mexico were United States (US$13.6M), Germany (US$203k), Hungary (US$131k), Chile (US$93.9k), and Guatemala (US$54.1k).

International Purchases

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Guanajuato: US$2.23M, State with the Most International Purchases (2023)

United States: US$3.82M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were Guanajuato (US$2.23M), Ciudad de México (US$1.99M), Tamaulipas (US$1.7M), Chihuahua (US$649k), and Baja California (US$524k).

The countries with the most international sales to Mexico in 2023 were United States (US$3.82M), China (US$2.93M), Germany (US$663k), Japan (US$597k), and Taiwan (Republic of China) (US$440k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items. 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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  • 3.27%, Mexican share in global exports - 2022
  • 3.61%, Mexican share in global imports - 2022

The visualizations show the global market for Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items. 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 Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were China (US$176M), Taiwan (Republic of China) (US$41.2M), and Germany (US$41.2M). In the same year, the main importing countries for Braids in Part; Articles Ornamental Trimmings in the Piece, without Embroidery, other than Knitted or Crocheted; Acorns, Arbutus, Pompons and Similar Items were Vietnam (US$83.5M), United States (US$53.4M), and India (US$25.7M).