Formic Acid Esters
Código 291513 (Harmonized System 2012 by 6 digits)
2023: US$1.99M, Total Trade Exchange
2023: US$733k, International Sales
2023: US$1.25M, International Purchases
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionUnited States: US$7.9k, Main commercial destination (2023)
In 2023, the countries with the most international purchases from Mexico were United States (US$7.9k), Colombia (US$974), Guatemala (US$338), Argentina (US$284), and Chile (US$245).
International Purchases
#permalink to sectionChina: US$671k, Main Commercial Origin (2023)
The countries with the most international sales to Mexico in 2023 were China (US$671k), United States (US$341k), France (US$51k), Spain (US$34.2k), and Germany (US$25.8k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Formic Acid Esters and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Formic Acid Esters. 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- 2.16%, Mexican share in global exports - 2022
- 1.68%, Mexican share in global imports - 2022
The visualizations show the global market for Formic Acid Esters. 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 Formic Acid Esters were China (US$11.1M), United Kingdom (US$6.53M), and Germany (US$5.6M). In the same year, the main importing countries for Formic Acid Esters were United States (US$6.57M), Brazil (US$3.61M), and Saudi Arabia (US$2.87M).