ProceduresGovernment

Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil)

Código 151529 (Harmonized System 2012 by 6 digits)

 2023: US$26.3M, Total Trade Exchange

2023: US$11.3M, International Sales

  2023: US$15M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) was US$26.3M.

In 2023, the states with the most international sales in Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Jalisco (US$6.74M).

The states with the most international purchases in 2023 were Ciudad de México (US$14.7M) and Baja California (US$265k).

In 2023, the main commercial destinations of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were United States (US$4.71M), Honduras (US$1.73M), Guatemala (US$230k), and Costa Rica (US$63.7k).

The main commercial origins of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) in 2023 were United States (US$15M), Colombia (US$3.38k), Puerto Rico (US$108), and China (US$58).

In the global context, the main exporting countries of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) in 2022 were Turkey (US$98M), United States (US$82.8M), and Saudi Arabia (US$62.5M). In the same year, the main importing countries of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Libya (US$112M), United Arab Emirates (US$48.1M), and Kuwait (US$43.1M).

Trade Balance of Mexico

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Net Trade Balance

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US$26.3M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) in Mexico (including international purchases and sales) was US$26.3M.

The visualizations show the net balance of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) 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

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July, 2024

  • US$354k, International Purchases
  • US$523k, International Sales

In July 2024, international sales of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were US$523k, while international purchases reached US$354k. The above results in a trade balance of US$169k.

Market Concentration

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2024-Q3: US$197k, International Sales

The visualization shows the quarterly concentration of international sales of Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) at state level.

In the third quarter of 2024, international sales were US$197k, being the states with the most sales Jalisco (US$197k).

Exchange by Territory

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International Sales

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Jalisco: US$6.74M, State with the Most International Sales (2023)

United States: US$4.71M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Jalisco (US$6.74M).

In 2023, the countries with the most international purchases from Mexico were United States (US$4.71M), Honduras (US$1.73M), Guatemala (US$230k), and Costa Rica (US$63.7k).

International Purchases

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Ciudad de México: US$14.7M, State with the Most International Purchases (2023)

United States: US$15M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Ciudad de México (US$14.7M) and Baja California (US$265k).

The countries with the most international sales to Mexico in 2023 were United States (US$15M), Colombia (US$3.38k), Puerto Rico (US$108), and China (US$58).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil). 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.

Origins and Trade Destinations

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  • 1.25%, Mexican share in global exports - 2022
  • 2.51%, Mexican share in global imports - 2022

The visualizations show the global market for Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil). 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 Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Turkey (US$98M), United States (US$82.8M), and Saudi Arabia (US$62.5M). In the same year, the main importing countries for Corn Oil and its Fractions, Incl. Refined, not Chemically Modified (Exc. Crude Maize Oil) were Libya (US$112M), United Arab Emirates (US$48.1M), and Kuwait (US$43.1M).