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
In 2023, the trade exchange (includes international purchases and sales) of Formic Acid Esters was US$1.99M.
In 2023, the states with the most international sales in Formic Acid Esters were Estado de México (US$9.74k).
The states with the most international purchases in 2023 were Estado de México (US$584k), Ciudad de México (US$316k), Jalisco (US$188k), and Nuevo León (US$56.7k).
In 2023, the main commercial destinations of Formic Acid Esters were United States (US$7.9k), Colombia (US$974), Guatemala (US$338), Argentina (US$284), and Chile (US$245).
The main commercial origins of Formic Acid Esters in 2023 were China (US$671k), United States (US$341k), France (US$51k), Spain (US$34.2k), and Germany (US$25.8k).
In the global context, the main exporting countries of Formic Acid Esters in 2022 were China (US$11.1M), United Kingdom (US$6.53M), and Germany (US$5.6M). In the same year, the main importing countries of Formic Acid Esters were United States (US$6.57M), Brazil (US$3.61M), and Saudi Arabia (US$2.87M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.99M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Formic Acid Esters in Mexico (including international purchases and sales) was US$1.99M.
The visualizations show the net balance of Formic Acid Esters 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$91k, International Purchases
- US$36k, International Sales
In July 2024, international sales of Formic Acid Esters were US$36k, while international purchases reached US$91k. The above results in a trade balance of -US$54.9k.
Market Concentration
#permalink to section2024-Q3: US$1.12k, International Sales
The visualization shows the quarterly concentration of international sales of Formic Acid Esters at state level.
In the third quarter of 2024, international sales were US$1.12k, being the states with the most sales Estado de México (US$1.12k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$9.74k, State with the Most International Sales (2023)
United States: US$7.9k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Formic Acid Esters were Estado de México (US$9.74k).
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 sectionEstado de México: US$584k, State with the Most International Purchases (2023)
China: US$671k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Formic Acid Esters were Estado de México (US$584k), Ciudad de México (US$316k), Jalisco (US$188k), and Nuevo León (US$56.7k).
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).