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    Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils

    Código 3301 (Harmonized System 2012 by 4 digits)

     2023: US$471M, Total Trade Exchange

    2023: US$330M, International Sales

      2023: US$140M, International Purchases

    About

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    In 2023, the trade exchange (includes international purchases and sales) of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils was US$471M.

    In 2023, the main commercial destinations of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils were United States (US$175M), Ireland (US$52.7M), Netherlands (US$22.9M), United Kingdom (US$21.1M), and Uruguay (US$12.4M).

    The main commercial origins of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils in 2023 were United States (US$39.5M), India (US$14.2M), China (US$12M), France (US$7.62M), and Indonesia (US$5.11M).

    In the global context, the main exporting countries of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils in 2022 were India (US$846M), United States (US$724M), and China (US$468M). In the same year, the main importing countries of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils were United States (US$1.25B), France (US$464M), and Germany (US$369M).

    Trade Balance of Mexico

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    Net Trade Balance

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    US$471M, Total Trade Exchange (2023)

    In 2023, the total trade exchange of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils in Mexico (including international purchases and sales) was US$471M.

    The visualizations show the net balance of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils 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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    November, 2024

    • US$11.9M, International Purchases
    • US$10.7M, International Sales

    In November 2024, international sales of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils were US$10.7M, while international purchases reached US$11.9M. The above results in a trade balance of -US$1.16M.

    Market Concentration

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    2024-Q4: US$12.5M, International Sales

    The visualization shows the quarterly concentration of international sales of Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils at state level.

    In the fourth quarter of 2024, international sales were US$12.5M, being the states with the most sales Nuevo León (US$5.59M), Michoacán de Ocampo (US$3.26M), and Ciudad de México (US$1.55M).

    Exchange by Territory

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    International Sales

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    United States: US$175M, Main commercial destination (2023)

    In 2023, the countries with the most international purchases from Mexico were United States (US$175M), Ireland (US$52.7M), Netherlands (US$22.9M), United Kingdom (US$21.1M), and Uruguay (US$12.4M).

    International Purchases

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    United States: US$39.5M, Main Commercial Origin (2023)

    The countries with the most international sales to Mexico in 2023 were United States (US$39.5M), India (US$14.2M), China (US$12M), France (US$7.62M), and Indonesia (US$5.11M).

    Specialization

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    Specialization by State

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    The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils  and the Economic Complexity Index of each state.

    RCA values ​​greater than 1 indicate that the state has comparative advantages in Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils. 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

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    Origins and Trade Destinations

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    • 3.52%, Mexican share in global exports - 2022
    • 2.01%, Mexican share in global imports - 2022

    The visualizations show the global market for Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils. 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 Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils were India (US$846M), United States (US$724M), and China (US$468M). In the same year, the main importing countries for Essential Oils (Terpeneless or Not), Including the 'Concrete' or 'Absolute'; Resinoids; Extracted Oleoresins; Concentrates of Essential Oils in Fats, Fixed Oils, Waxes or Similar Materials, Obtained by Enfleurage or Maceration; Terpenic Byproducts of the Deterpenation of Essential Oils; Aqueous Distillates and Aqueous Solutions of Essential Oils were United States (US$1.25B), France (US$464M), and Germany (US$369M).

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