Cotton
Code 52 (Harmonized System 2012 by 2 digits)
2023: US$1.23B, Total Trade Exchange
2023: US$412M, International Sales
2023: US$816M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Cotton was US$1.23B.
In 2023, the states with the most international sales in Cotton were Ciudad de México (US$143M), Hidalgo (US$58.9M), Baja California (US$56.6M), Morelos (US$32.3M), and Coahuila de Zaragoza (US$26.8M).
The states with the most international purchases in 2023 were Baja California (US$195M), Hidalgo (US$140M), Puebla (US$98.8M), Coahuila de Zaragoza (US$86.7M), and Estado de México (US$86M).
In 2023, the main commercial destinations of Cotton were United States (US$88M), Pakistan (US$59.9M), Nicaragua (US$56.2M), China (US$44M), and Turkey (US$31M).
The main commercial origins of Cotton in 2023 were United States (US$478M), China (US$243M), India (US$26M), Pakistan (US$13.2M), and Italy (US$9.16M).
In the global context, the main exporting countries of Cotton in 2022 were China (US$11.5B), United States (US$10.9B), and India (US$7.58B). In the same year, the main importing countries of Cotton were Bangladesh (US$8.9B), China (US$8.52B), and Vietnam (US$5.37B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.23B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Cotton in Mexico (including international purchases and sales) was US$1.23B.
The visualizations show the net balance of Cotton 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$22.7M, International Sales
- US$73.7M, International Purchases
In July 2024, international sales of Cotton were US$22.7M and a total of US$73.7M in international purchases. For this month the net trade balance of Cotton it was of -US$51M.
Market Concentration
#permalink to section2024-Q3: US$22.6M, International Sales
The visualization shows the quarterly concentration of international sales of Cotton at state level.
In the third quarter of 2024, international sales were US$22.6M, being the states with the most sales Ciudad de México (US$8.54M), Hidalgo (US$6.03M), and Baja California (US$2.35M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$143M, State with the Most International Sales (2023)
United States: US$88M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Cotton were Ciudad de México (US$143M), Hidalgo (US$58.9M), Baja California (US$56.6M), Morelos (US$32.3M), and Coahuila de Zaragoza (US$26.8M).
In 2023, the countries with the most international purchases from Mexico were United States (US$88M), Pakistan (US$59.9M), Nicaragua (US$56.2M), China (US$44M), and Turkey (US$31M).
International Purchases
#permalink to sectionBaja California: US$195M, State with the Most International Purchases (2023)
United States: US$478M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Cotton were Baja California (US$195M), Hidalgo (US$140M), Puebla (US$98.8M), Coahuila de Zaragoza (US$86.7M), and Estado de México (US$86M).
The countries with the most international sales to Mexico in 2023 were United States (US$478M), China (US$243M), India (US$26M), Pakistan (US$13.2M), and Italy (US$9.16M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Cotton and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Cotton. 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- 0.67%, Mexican share in global exports - 2022
- 1.67%, Mexican share in global imports - 2022
The visualizations show the global market for Cotton. 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 Cotton were China (US$11.5B), United States (US$10.9B), and India (US$7.58B). In the same year, the main importing countries for Cotton were Bangladesh (US$8.9B), China (US$8.52B), and Vietnam (US$5.37B).