Chemical Products
Code 6 (Harmonized System 2012 by Sector)
2023: US$59.8B, Total Trade Exchange
2023: US$14B, International Sales
2023: US$45.7B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Chemical Products was US$59.8B.
In 2023, the states with the most international sales in Chemical Products were Ciudad de México (US$3.24B), Estado de México (US$2.58B), Nuevo León (US$1.65B), Guanajuato (US$1.11B), and Jalisco (US$900M).
The states with the most international purchases in 2023 were Ciudad de México (US$21.1B), Estado de México (US$5.49B), Jalisco (US$3.24B), Nuevo León (US$3.01B), and Tamaulipas (US$1.87B).
In 2023, the main commercial destinations of Chemical Products were United States (US$7.59B), Brazil (US$607M), Colombia (US$484M), Guatemala (US$466M), and Canada (US$444M).
The main commercial origins of Chemical Products in 2023 were United States (US$21.9B), China (US$3.95B), Germany (US$2.53B), Ireland (US$2.3B), and Canada (US$1.44B).
In the global context, the main exporting countries of Chemical Products in 2022 were China (US$271B), United States (US$255B), and Germany (US$254B). In the same year, the main importing countries of Chemical Products were United States (US$335B), Germany (US$186B), and China (US$172B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$59.8B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Chemical Products in Mexico (including international purchases and sales) was US$59.8B.
The visualizations show the net balance of Chemical Products 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$1.27B, International Sales
- US$3.85B, International Purchases
In July 2024, international sales of Chemical Products were US$1.27B and a total of US$3.85B in international purchases. For this month the net trade balance of Chemical Products it was of -US$2.58B.
Market Concentration
#permalink to section2024-Q3: US$1.2B, International Sales
The visualization shows the quarterly concentration of international sales of Chemical Products at state level.
In the third quarter of 2024, international sales were US$1.2B, being the states with the most sales Ciudad de México (US$329M), Estado de México (US$235M), and Nuevo León (US$127M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$3.24B, State with the Most International Sales (2023)
United States: US$7.59B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Chemical Products were Ciudad de México (US$3.24B), Estado de México (US$2.58B), Nuevo León (US$1.65B), Guanajuato (US$1.11B), and Jalisco (US$900M).
In 2023, the countries with the most international purchases from Mexico were United States (US$7.59B), Brazil (US$607M), Colombia (US$484M), Guatemala (US$466M), and Canada (US$444M).
International Purchases
#permalink to sectionCiudad de México: US$21.1B, State with the Most International Purchases (2023)
United States: US$21.9B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Chemical Products were Ciudad de México (US$21.1B), Estado de México (US$5.49B), Jalisco (US$3.24B), Nuevo León (US$3.01B), and Tamaulipas (US$1.87B).
The countries with the most international sales to Mexico in 2023 were United States (US$21.9B), China (US$3.95B), Germany (US$2.53B), Ireland (US$2.3B), and Canada (US$1.44B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Chemical Products and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Chemical Products. 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- 0.61%, Mexican share in global exports - 2022
- 1.62%, Mexican share in global imports - 2022
The visualizations show the global market for Chemical Products. 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 Chemical Products were China (US$271B), United States (US$255B), and Germany (US$254B). In the same year, the main importing countries for Chemical Products were United States (US$335B), Germany (US$186B), and China (US$172B).
Product Prices
#permalink to sectionPrice Variations
#permalink to sectionThe graph shows the average quarterly variations of wholesale prices of some some agricultural market products.
You can review the variations for other agri-food markets and different periods by changing the options selected in the upper buttons.
*Reference prices.
Price Evolution
#permalink to sectionThe graph shows the average quarterly evolution of the wholesale, average wholesale or retail price of the product selected in the upper buttons, in addition to the quarterly percentage variation of the price.
*Reference prices.
Product Prices by States
#permalink to sectionThe map shows the monthly average price (wholesale, half wholesale or retail) by federal entity for the product and month selected in the upper buttons.
*Reference prices.