Cocoa and Cocoa Preparations
Code 18 (Harmonized System 2012 by 2 digits)
2023: US$1.51B, Total Trade Exchange
2023: US$818M, International Sales
2023: US$695M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Cocoa and Cocoa Preparations was US$1.51B.
In 2023, the states with the most international sales in Cocoa and Cocoa Preparations were Nuevo León (US$350M), Jalisco (US$137M), Ciudad de México (US$117M), Tamaulipas (US$97.7M), and Baja California (US$44.9M).
The states with the most international purchases in 2023 were Ciudad de México (US$208M), Nuevo León (US$192M), Jalisco (US$103M), Estado de México (US$73.7M), and Querétaro (US$54.3M).
In 2023, the main commercial destinations of Cocoa and Cocoa Preparations were United States (US$645M), Canada (US$50.9M), Germany (US$30.3M), Guatemala (US$19.7M), and Netherlands (US$10.8M).
The main commercial origins of Cocoa and Cocoa Preparations in 2023 were United States (US$261M), Cote d'Ivoire (US$105M), Ecuador (US$63.6M), Canada (US$58.9M), and Malaysia (US$38.9M).
In the global context, the main exporting countries of Cocoa and Cocoa Preparations in 2022 were Germany (US$6.63B), Netherlands (US$5.36B), and Cote d'Ivoire (US$5.3B). In the same year, the main importing countries of Cocoa and Cocoa Preparations were United States (US$6.37B), Germany (US$4.42B), and Netherlands (US$4.34B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.51B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Cocoa and Cocoa Preparations in Mexico (including international purchases and sales) was US$1.51B.
The visualizations show the net balance of Cocoa and Cocoa Preparations 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$94.3M, International Sales
- US$104M, International Purchases
In July 2024, international sales of Cocoa and Cocoa Preparations were US$94.3M and a total of US$104M in international purchases. For this month the net trade balance of Cocoa and Cocoa Preparations it was of -US$9.94M.
Market Concentration
#permalink to section2024-Q3: US$87.1M, International Sales
The visualization shows the quarterly concentration of international sales of Cocoa and Cocoa Preparations at state level.
In the third quarter of 2024, international sales were US$87.1M, being the states with the most sales Nuevo León (US$34M), Ciudad de México (US$20M), and Jalisco (US$17.5M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$350M, State with the Most International Sales (2023)
United States: US$645M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Cocoa and Cocoa Preparations were Nuevo León (US$350M), Jalisco (US$137M), Ciudad de México (US$117M), Tamaulipas (US$97.7M), and Baja California (US$44.9M).
In 2023, the countries with the most international purchases from Mexico were United States (US$645M), Canada (US$50.9M), Germany (US$30.3M), Guatemala (US$19.7M), and Netherlands (US$10.8M).
International Purchases
#permalink to sectionCiudad de México: US$208M, State with the Most International Purchases (2023)
United States: US$261M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Cocoa and Cocoa Preparations were Ciudad de México (US$208M), Nuevo León (US$192M), Jalisco (US$103M), Estado de México (US$73.7M), and Querétaro (US$54.3M).
The countries with the most international sales to Mexico in 2023 were United States (US$261M), Cote d'Ivoire (US$105M), Ecuador (US$63.6M), Canada (US$58.9M), and Malaysia (US$38.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Cocoa and Cocoa Preparations and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Cocoa and Cocoa Preparations. 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- 1.4%, Mexican share in global exports - 2022
- 1.14%, Mexican share in global imports - 2022
The visualizations show the global market for Cocoa and Cocoa Preparations. 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 Cocoa and Cocoa Preparations were Germany (US$6.63B), Netherlands (US$5.36B), and Cote d'Ivoire (US$5.3B). In the same year, the main importing countries for Cocoa and Cocoa Preparations were United States (US$6.37B), Germany (US$4.42B), and Netherlands (US$4.34B).