Butter, Fat and Oil Cocoa
Código 1804 (Harmonized System 2012 by 4 digits)
2023: US$89.7M, Total Trade Exchange
2023: US$42.7M, International Sales
2023: US$46.9M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Butter, Fat and Oil Cocoa was US$89.7M.
In 2023, the states with the most international sales in Butter, Fat and Oil Cocoa were Ciudad de México (US$40.9M) and Nuevo León (US$1.74M).
The states with the most international purchases in 2023 were Nuevo León (US$35.9M), Jalisco (US$4.65M), Ciudad de México (US$4.63M), Estado de México (US$1.31M), and Quintana Roo (US$36k).
In 2023, the main commercial destinations of Butter, Fat and Oil Cocoa were Germany (US$23.7M), Netherlands (US$9.78M), United States (US$8.5M), Canada (US$357k), and Belgium (US$178k).
The main commercial origins of Butter, Fat and Oil Cocoa in 2023 were Malaysia (US$28.2M), Indonesia (US$10.7M), Venezuela (US$2.11M), Colombia (US$1.91M), and United States (US$1.84M).
In the global context, the main exporting countries of Butter, Fat and Oil Cocoa in 2022 were Netherlands (US$1.47B), Indonesia (US$641M), and Malaysia (US$608M). In the same year, the main importing countries of Butter, Fat and Oil Cocoa were Germany (US$758M), United States (US$609M), and Belgium (US$526M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$89.7M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Butter, Fat and Oil Cocoa in Mexico (including international purchases and sales) was US$89.7M.
The visualizations show the net balance of Butter, Fat and Oil Cocoa 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$14.7M, International Purchases
- US$8.5M, International Sales
In July 2024, international sales of Butter, Fat and Oil Cocoa were US$8.5M, while international purchases reached US$14.7M. The above results in a trade balance of -US$6.23M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$40.9M, State with the Most International Sales (2023)
Germany: US$23.7M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Butter, Fat and Oil Cocoa were Ciudad de México (US$40.9M) and Nuevo León (US$1.74M).
In 2023, the countries with the most international purchases from Mexico were Germany (US$23.7M), Netherlands (US$9.78M), United States (US$8.5M), Canada (US$357k), and Belgium (US$178k).
International Purchases
#permalink to sectionNuevo León: US$35.9M, State with the Most International Purchases (2023)
Malaysia: US$28.2M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Butter, Fat and Oil Cocoa were Nuevo León (US$35.9M), Jalisco (US$4.65M), Ciudad de México (US$4.63M), Estado de México (US$1.31M), and Quintana Roo (US$36k).
The countries with the most international sales to Mexico in 2023 were Malaysia (US$28.2M), Indonesia (US$10.7M), Venezuela (US$2.11M), Colombia (US$1.91M), and United States (US$1.84M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Butter, Fat and Oil Cocoa and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Butter, Fat and Oil Cocoa. 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- 0.48%, Mexican share in global exports - 2022
- 0.81%, Mexican share in global imports - 2022
The visualizations show the global market for Butter, Fat and Oil Cocoa. 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 Butter, Fat and Oil Cocoa were Netherlands (US$1.47B), Indonesia (US$641M), and Malaysia (US$608M). In the same year, the main importing countries for Butter, Fat and Oil Cocoa were Germany (US$758M), United States (US$609M), and Belgium (US$526M).