Footwear and Headwear
Code 12 (Harmonized System 2012 by Sector)
2023: US$3.44B, Total Trade Exchange
2023: US$1.16B, International Sales
2023: US$2.28B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Footwear and Headwear was US$3.44B.
In 2023, the states with the most international sales in Footwear and Headwear were Guanajuato (US$757M), Baja California (US$270M), Coahuila de Zaragoza (US$22.5M), Ciudad de México (US$18.3M), and Jalisco (US$17.9M).
The states with the most international purchases in 2023 were Ciudad de México (US$1.15B), Jalisco (US$360M), Baja California (US$221M), Guanajuato (US$160M), and Sinaloa (US$130M).
In 2023, the main commercial destinations of Footwear and Headwear were United States (US$1.04B), Guatemala (US$25.1M), Germany (US$21.9M), Canada (US$10.9M), and El Salvador (US$6.87M).
The main commercial origins of Footwear and Headwear in 2023 were China (US$1.01B), Vietnam (US$517M), Indonesia (US$231M), Italy (US$160M), and United States (US$91.2M).
In the global context, the main exporting countries of Footwear and Headwear in 2022 were China (US$80.5B), Vietnam (US$33.4B), and Italy (US$14.7B). In the same year, the main importing countries of Footwear and Headwear were United States (US$45.1B), Germany (US$17.7B), and France (US$10.5B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.44B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Footwear and Headwear in Mexico (including international purchases and sales) was US$3.44B.
The visualizations show the net balance of Footwear and Headwear 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$105M, International Sales
- US$227M, International Purchases
In July 2024, international sales of Footwear and Headwear were US$105M and a total of US$227M in international purchases. For this month the net trade balance of Footwear and Headwear it was of -US$122M.
Market Concentration
#permalink to section2024-Q3: US$104M, International Sales
The visualization shows the quarterly concentration of international sales of Footwear and Headwear at state level.
In the third quarter of 2024, international sales were US$104M, being the states with the most sales Guanajuato (US$65.2M), Baja California (US$30M), and Coahuila de Zaragoza (US$1.58M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionGuanajuato: US$757M, State with the Most International Sales (2023)
United States: US$1.04B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Footwear and Headwear were Guanajuato (US$757M), Baja California (US$270M), Coahuila de Zaragoza (US$22.5M), Ciudad de México (US$18.3M), and Jalisco (US$17.9M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.04B), Guatemala (US$25.1M), Germany (US$21.9M), Canada (US$10.9M), and El Salvador (US$6.87M).
International Purchases
#permalink to sectionCiudad de México: US$1.15B, State with the Most International Purchases (2023)
China: US$1.01B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Footwear and Headwear were Ciudad de México (US$1.15B), Jalisco (US$360M), Baja California (US$221M), Guanajuato (US$160M), and Sinaloa (US$130M).
The countries with the most international sales to Mexico in 2023 were China (US$1.01B), Vietnam (US$517M), Indonesia (US$231M), Italy (US$160M), and United States (US$91.2M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Footwear and Headwear and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Footwear and Headwear. 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- 0.58%, Mexican share in global exports - 2022
- 1.13%, Mexican share in global imports - 2022
The visualizations show the global market for Footwear and Headwear. 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 Footwear and Headwear were China (US$80.5B), Vietnam (US$33.4B), and Italy (US$14.7B). In the same year, the main importing countries for Footwear and Headwear were United States (US$45.1B), Germany (US$17.7B), and France (US$10.5B).