Crude Palm Oil
Código 151110 (Harmonized System 2012 by 6 digits)
2016: US$54.5k, International Sales
2023: US$528M, International Purchases
The states with the most international purchases in 2023 were Ciudad de México (US$110M).
The main commercial origins of Crude Palm Oil in 2023 were Colombia (US$39.9M), Guatemala (US$30.4M), Peru (US$15.3M), Honduras (US$12.8M), and Panama (US$6.94M).
In the global context, the main exporting countries of Crude Palm Oil in 2022 were Malaysia (US$5.19B), Indonesia (US$3.98B), and Thailand (US$1.25B). In the same year, the main importing countries of Crude Palm Oil were India (US$8.38B), Netherlands (US$1.66B), and Kenya (US$931M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Crude Palm 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
#permalink to sectionJuly, 2024: US$36.2M, International Purchases
In July 2024, international sales of Crude Palm Oil were US$0, while international purchases reached US$36.2M. The above results in a trade balance of -US$36.2M.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionCiudad de México: US$110M, State with the Most International Purchases (2023)
Colombia: US$39.9M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Crude Palm Oil were Ciudad de México (US$110M).
The countries with the most international sales to Mexico in 2023 were Colombia (US$39.9M), Guatemala (US$30.4M), Peru (US$15.3M), Honduras (US$12.8M), and Panama (US$6.94M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Crude Palm Oil and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Crude Palm 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.0045%, Mexican share in global exports - 2022
- 3.05%, Mexican share in global imports - 2022
The visualizations show the global market for Crude Palm 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 Crude Palm Oil were Malaysia (US$5.19B), Indonesia (US$3.98B), and Thailand (US$1.25B). In the same year, the main importing countries for Crude Palm Oil were India (US$8.38B), Netherlands (US$1.66B), and Kenya (US$931M).