Candles and Related Articles
Código 3406 (Harmonized System 2012 by 4 digits)
2023: US$76.9M, Total Trade Exchange
2023: US$57.1M, International Sales
2023: US$19.8M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Candles and Related Articles was US$76.9M.
In 2023, the states with the most international sales in Candles and Related Articles were Nuevo León (US$49.1M), Jalisco (US$5.22M), Baja California (US$898k), Estado de México (US$641k), and Ciudad de México (US$325k).
The states with the most international purchases in 2023 were Ciudad de México (US$7.68M), Estado de México (US$7.38M), Nuevo León (US$1.68M), Sinaloa (US$674k), and Jalisco (US$637k).
In 2023, the main commercial destinations of Candles and Related Articles were United States (US$55.3M), Costa Rica (US$153k), Jamaica (US$147k), Ecuador (US$92.6k), and Honduras (US$84.1k).
The main commercial origins of Candles and Related Articles in 2023 were United States (US$7.08M), China (US$5.92M), Canada (US$2.66M), Vietnam (US$1.28M), and Spain (US$928k).
In the global context, the main exporting countries of Candles and Related Articles in 2022 were China (US$1.2B), Poland (US$965M), and Vietnam (US$725M). In the same year, the main importing countries of Candles and Related Articles were United States (US$1.16B), Germany (US$632M), and United Kingdom (US$393M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$76.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Candles and Related Articles in Mexico (including international purchases and sales) was US$76.9M.
The visualizations show the net balance of Candles and Related Articles 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$2.08M, International Purchases
- US$4.76M, International Sales
In July 2024, international sales of Candles and Related Articles were US$4.76M, while international purchases reached US$2.08M. The above results in a trade balance of US$2.68M.
Market Concentration
#permalink to section2024-Q3: US$4.72M, International Sales
The visualization shows the quarterly concentration of international sales of Candles and Related Articles at state level.
In the third quarter of 2024, international sales were US$4.72M, being the states with the most sales Nuevo León (US$3.64M), Jalisco (US$905k), and Baja California (US$167k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$49.1M, State with the Most International Sales (2023)
United States: US$55.3M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Candles and Related Articles were Nuevo León (US$49.1M), Jalisco (US$5.22M), Baja California (US$898k), Estado de México (US$641k), and Ciudad de México (US$325k).
In 2023, the countries with the most international purchases from Mexico were United States (US$55.3M), Costa Rica (US$153k), Jamaica (US$147k), Ecuador (US$92.6k), and Honduras (US$84.1k).
International Purchases
#permalink to sectionCiudad de México: US$7.68M, State with the Most International Purchases (2023)
United States: US$7.08M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Candles and Related Articles were Ciudad de México (US$7.68M), Estado de México (US$7.38M), Nuevo León (US$1.68M), Sinaloa (US$674k), and Jalisco (US$637k).
The countries with the most international sales to Mexico in 2023 were United States (US$7.08M), China (US$5.92M), Canada (US$2.66M), Vietnam (US$1.28M), and Spain (US$928k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Candles and Related Articles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Candles and Related Articles. 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- 1.29%, Mexican share in global exports - 2022
- 0.28%, Mexican share in global imports - 2022
The visualizations show the global market for Candles and Related Articles. 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 Candles and Related Articles were China (US$1.2B), Poland (US$965M), and Vietnam (US$725M). In the same year, the main importing countries for Candles and Related Articles were United States (US$1.16B), Germany (US$632M), and United Kingdom (US$393M).