Cinnamon and Cinnamon-Tree Flowers
Código 0906 (Harmonized System 2012 by 4 digits)
2023: US$98.4M, Total Trade Exchange
2023: US$2.16M, International Sales
2023: US$96.3M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Cinnamon and Cinnamon-Tree Flowers was US$98.4M.
In 2023, the states with the most international sales in Cinnamon and Cinnamon-Tree Flowers were Puebla (US$1.03M), Querétaro (US$999k), Veracruz de Ignacio de la Llave (US$61.9k), Estado de México (US$36.3k), and Ciudad de México (US$11.7k).
The states with the most international purchases in 2023 were Ciudad de México (US$35.3M), Querétaro (US$21.3M), Jalisco (US$19.7M), Guanajuato (US$6.74M), and Estado de México (US$6.43M).
In 2023, the main commercial destinations of Cinnamon and Cinnamon-Tree Flowers were United States (US$1.92M), Sri Lanka (US$122k), Peru (US$53.6k), Jamaica (US$22k), and Guatemala (US$11.8k).
The main commercial origins of Cinnamon and Cinnamon-Tree Flowers in 2023 were Sri Lanka (US$87.7M), Vietnam (US$4.55M), United States (US$1.93M), Guatemala (US$182k), and Madagascar (US$86.5k).
In the global context, the main exporting countries of Cinnamon and Cinnamon-Tree Flowers in 2022 were China (US$331M), Vietnam (US$316M), and Indonesia (US$187M). In the same year, the main importing countries of Cinnamon and Cinnamon-Tree Flowers were United States (US$204M), Vietnam (US$195M), and India (US$148M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$98.4M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Cinnamon and Cinnamon-Tree Flowers in Mexico (including international purchases and sales) was US$98.4M.
The visualizations show the net balance of Cinnamon and Cinnamon-Tree Flowers 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$3.45M, International Purchases
- US$459k, International Sales
In July 2024, international sales of Cinnamon and Cinnamon-Tree Flowers were US$459k, while international purchases reached US$3.45M. The above results in a trade balance of -US$2.99M.
Market Concentration
#permalink to section2024-Q3: US$441k, International Sales
The visualization shows the quarterly concentration of international sales of Cinnamon and Cinnamon-Tree Flowers at state level.
In the third quarter of 2024, international sales were US$441k, being the states with the most sales Querétaro (US$441k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionPuebla: US$1.03M, State with the Most International Sales (2023)
United States: US$1.92M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Cinnamon and Cinnamon-Tree Flowers were Puebla (US$1.03M), Querétaro (US$999k), Veracruz de Ignacio de la Llave (US$61.9k), Estado de México (US$36.3k), and Ciudad de México (US$11.7k).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.92M), Sri Lanka (US$122k), Peru (US$53.6k), Jamaica (US$22k), and Guatemala (US$11.8k).
International Purchases
#permalink to sectionCiudad de México: US$35.3M, State with the Most International Purchases (2023)
Sri Lanka: US$87.7M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Cinnamon and Cinnamon-Tree Flowers were Ciudad de México (US$35.3M), Querétaro (US$21.3M), Jalisco (US$19.7M), Guanajuato (US$6.74M), and Estado de México (US$6.43M).
The countries with the most international sales to Mexico in 2023 were Sri Lanka (US$87.7M), Vietnam (US$4.55M), United States (US$1.93M), Guatemala (US$182k), and Madagascar (US$86.5k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Cinnamon and Cinnamon-Tree Flowers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Cinnamon and Cinnamon-Tree Flowers. 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- 0.015%, Mexican share in global exports - 2022
- 5.17%, Mexican share in global imports - 2022
The visualizations show the global market for Cinnamon and Cinnamon-Tree Flowers. 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 Cinnamon and Cinnamon-Tree Flowers were China (US$331M), Vietnam (US$316M), and Indonesia (US$187M). In the same year, the main importing countries for Cinnamon and Cinnamon-Tree Flowers were United States (US$204M), Vietnam (US$195M), and India (US$148M).