Fertilizers
Code 31 (Harmonized System 2012 by 2 digits)
2023: US$2.72B, Total Trade Exchange
2023: US$271M, International Sales
2023: US$2.45B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Fertilizers was US$2.72B.
In 2023, the states with the most international sales in Fertilizers were Michoacán de Ocampo (US$139M), Veracruz de Ignacio de la Llave (US$39.8M), Nuevo León (US$37.1M), Jalisco (US$17.1M), and Coahuila de Zaragoza (US$11.5M).
The states with the most international purchases in 2023 were Jalisco (US$1.04B), Michoacán de Ocampo (US$382M), Sonora (US$362M), Veracruz de Ignacio de la Llave (US$136M), and Querétaro (US$102M).
In 2023, the main commercial destinations of Fertilizers were United States (US$193M), Brazil (US$8.79M), Guatemala (US$7.65M), Ecuador (US$7.06M), and Argentina (US$5.33M).
The main commercial origins of Fertilizers in 2023 were Russia (US$616M), United States (US$379M), China (US$322M), Chile (US$181M), and Norway (US$169M).
In the global context, the main exporting countries of Fertilizers in 2022 were Russia (US$19B), Canada (US$14.8B), and China (US$13.6B). In the same year, the main importing countries of Fertilizers were Brazil (US$23.2B), India (US$17.3B), and United States (US$13.5B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.72B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Fertilizers in Mexico (including international purchases and sales) was US$2.72B.
The visualizations show the net balance of Fertilizers 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 sectionNovember, 2024
- US$34.5M, International Sales
- US$109M, International Purchases
In November 2024, international sales of Fertilizers were US$34.5M and a total of US$109M in international purchases. For this month the net trade balance of Fertilizers it was of -US$75M.
Market Concentration
#permalink to section2024-Q4: US$38.4M, International Sales
The visualization shows the quarterly concentration of international sales of Fertilizers at state level.
In the fourth quarter of 2024, international sales were US$38.4M, being the states with the most sales Michoacán de Ocampo (US$21.8M), Nuevo León (US$6.36M), and Jalisco (US$4.11M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionMichoacán de Ocampo: US$139M, State with the Most International Sales (2023)
United States: US$193M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Fertilizers were Michoacán de Ocampo (US$139M), Veracruz de Ignacio de la Llave (US$39.8M), Nuevo León (US$37.1M), Jalisco (US$17.1M), and Coahuila de Zaragoza (US$11.5M).
In 2023, the countries with the most international purchases from Mexico were United States (US$193M), Brazil (US$8.79M), Guatemala (US$7.65M), Ecuador (US$7.06M), and Argentina (US$5.33M).
International Purchases
#permalink to sectionJalisco: US$1.04B, State with the Most International Purchases (2023)
Russia: US$616M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Fertilizers were Jalisco (US$1.04B), Michoacán de Ocampo (US$382M), Sonora (US$362M), Veracruz de Ignacio de la Llave (US$136M), and Querétaro (US$102M).
The countries with the most international sales to Mexico in 2023 were Russia (US$616M), United States (US$379M), China (US$322M), Chile (US$181M), and Norway (US$169M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Fertilizers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Fertilizers. 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- 0.31%, Mexican share in global exports - 2022
- 1.47%, Mexican share in global imports - 2022
The visualizations show the global market for Fertilizers. 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 Fertilizers were Russia (US$19B), Canada (US$14.8B), and China (US$13.6B). In the same year, the main importing countries for Fertilizers were Brazil (US$23.2B), India (US$17.3B), and United States (US$13.5B).