ProceduresGovernment

Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. "

Código 5606 (Harmonized System 2012 by 4 digits)

 2023: US$12.5M, Total Trade Exchange

2023: US$674k, International Sales

  2023: US$11.8M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " was US$12.5M.

In 2023, the states with the most international sales in Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were Baja California (US$215k) and Ciudad de México (US$11.7k).

The states with the most international purchases in 2023 were Estado de México (US$2.59M), Ciudad de México (US$1.71M), Nuevo León (US$593k), Guanajuato (US$316k), and Puebla (US$218k).

In 2023, the main commercial destinations of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were United States (US$215k), Honduras (US$7.09k), Costa Rica (US$2.88k), Guatemala (US$1.6k), and Belize (US$104).

The main commercial origins of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " in 2023 were China (US$2.48M), Colombia (US$1.57M), Italy (US$744k), Portugal (US$279k), and Peru (US$177k).

In the global context, the main exporting countries of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " in 2022 were China (US$221M), Italy (US$83.7M), and Turkey (US$55.4M). In the same year, the main importing countries of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were Italy (US$67.8M), United States (US$56.8M), and Bangladesh (US$52.7M).

Trade Balance of Mexico

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Net Trade Balance

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US$12.5M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " in Mexico (including international purchases and sales) was US$12.5M.

The visualizations show the net balance of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " 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

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July, 2024

  • US$1.19M, International Purchases
  • US$68.7k, International Sales

In July 2024, international sales of Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were US$68.7k, while international purchases reached US$1.19M. The above results in a trade balance of -US$1.12M.

Exchange by Territory

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International Sales

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Baja California: US$215k, State with the Most International Sales (2023)

United States: US$215k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were Baja California (US$215k) and Ciudad de México (US$11.7k).

In 2023, the countries with the most international purchases from Mexico were United States (US$215k), Honduras (US$7.09k), Costa Rica (US$2.88k), Guatemala (US$1.6k), and Belize (US$104).

International Purchases

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Estado de México: US$2.59M, State with the Most International Purchases (2023)

China: US$2.48M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were Estado de México (US$2.59M), Ciudad de México (US$1.71M), Nuevo León (US$593k), Guanajuato (US$316k), and Puebla (US$218k).

The countries with the most international sales to Mexico in 2023 were China (US$2.48M), Colombia (US$1.57M), Italy (US$744k), Portugal (US$279k), and Peru (US$177k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. "  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. ". 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.

Origins and Trade Destinations

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  • 0.034%, Mexican share in global exports - 2022
  • 1.92%, Mexican share in global imports - 2022

The visualizations show the global market for Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. ". 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 Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were China (US$221M), Italy (US$83.7M), and Turkey (US$55.4M). In the same year, the main importing countries for Gimped Yarn, Strip and the Like of 5404 or 5405, Gimped (Other than those of Heading 56.05 and Gimped Horsehair); Chenille Yarn; Yarns' Chainstitch. " were Italy (US$67.8M), United States (US$56.8M), and Bangladesh (US$52.7M).