Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten"
Código 720280 (Harmonized System 2012 by 6 digits)
2022: US$137k, International Sales
2023: US$1.88M, International Purchases
The states with the most international purchases in 2023 were Nuevo León (US$908k).
The main commercial origins of Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" in 2023 were South Korea (US$570k), China (US$189k), and United States (US$149k).
In the global context, the main exporting countries of Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" in 2022 were China (US$55M), Netherlands (US$27.1M), and Russia (US$16.7M). In the same year, the main importing countries of Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" were Netherlands (US$26.2M), Germany (US$22.7M), and Japan (US$21.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" 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 sectionJune, 2023: US$405k, International Purchases
In June 2023, international sales of Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" were US$0, while international purchases reached US$405k. The above results in a trade balance of -US$405k.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionNuevo León: US$908k, State with the Most International Purchases (2023)
South Korea: US$570k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" were Nuevo León (US$908k).
The countries with the most international sales to Mexico in 2023 were South Korea (US$570k), China (US$189k), and United States (US$149k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten". 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- 0.094%, Mexican share in global exports - 2022
- 0.043%, Mexican share in global imports - 2022
The visualizations show the global market for Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten". 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 Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" were China (US$55M), Netherlands (US$27.1M), and Russia (US$16.7M). In the same year, the main importing countries for Ferrovolframio "Tungsten" and Ferro-Silico-Tungsten "Tungsten" were Netherlands (US$26.2M), Germany (US$22.7M), and Japan (US$21.8M).