Gloves, Mittens and Mitts, Knitted or Crocheted
Código 6116 (Harmonized System 2012 by 4 digits)
2023: US$130M, Total Trade Exchange
2023: US$22.4M, International Sales
2023: US$108M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Gloves, Mittens and Mitts, Knitted or Crocheted was US$130M.
In 2023, the states with the most international sales in Gloves, Mittens and Mitts, Knitted or Crocheted were Baja California (US$7.55M), Querétaro (US$2.11M), Estado de México (US$1.66M), Tamaulipas (US$648k), and Nuevo León (US$540k).
The states with the most international purchases in 2023 were Nuevo León (US$29.5M), Querétaro (US$28M), Chihuahua (US$10.8M), Estado de México (US$10.2M), and Baja California (US$6.95M).
In 2023, the main commercial destinations of Gloves, Mittens and Mitts, Knitted or Crocheted were United States (US$11.1M), Guatemala (US$604k), Colombia (US$222k), Dominican Republic (US$131k), and Costa Rica (US$116k).
The main commercial origins of Gloves, Mittens and Mitts, Knitted or Crocheted in 2023 were China (US$76.9M), Vietnam (US$8.44M), Sri Lanka (US$7.61M), Portugal (US$3.26M), and Pakistan (US$2.76M).
In the global context, the main exporting countries of Gloves, Mittens and Mitts, Knitted or Crocheted in 2022 were China (US$3.31B), Sri Lanka (US$420M), and Vietnam (US$399M). In the same year, the main importing countries of Gloves, Mittens and Mitts, Knitted or Crocheted were United States (US$1.24B), Germany (US$526M), and Japan (US$488M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$130M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Gloves, Mittens and Mitts, Knitted or Crocheted in Mexico (including international purchases and sales) was US$130M.
The visualizations show the net balance of Gloves, Mittens and Mitts, Knitted or Crocheted 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$9.06M, International Purchases
- US$1.65M, International Sales
In July 2024, international sales of Gloves, Mittens and Mitts, Knitted or Crocheted were US$1.65M, while international purchases reached US$9.06M. The above results in a trade balance of -US$7.41M.
Market Concentration
#permalink to section2024-Q3: US$886k, International Sales
The visualization shows the quarterly concentration of international sales of Gloves, Mittens and Mitts, Knitted or Crocheted at state level.
In the third quarter of 2024, international sales were US$886k, being the states with the most sales Baja California (US$626k), Estado de México (US$163k), and Tamaulipas (US$60.5k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$7.55M, State with the Most International Sales (2023)
United States: US$11.1M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Gloves, Mittens and Mitts, Knitted or Crocheted were Baja California (US$7.55M), Querétaro (US$2.11M), Estado de México (US$1.66M), Tamaulipas (US$648k), and Nuevo León (US$540k).
In 2023, the countries with the most international purchases from Mexico were United States (US$11.1M), Guatemala (US$604k), Colombia (US$222k), Dominican Republic (US$131k), and Costa Rica (US$116k).
International Purchases
#permalink to sectionNuevo León: US$29.5M, State with the Most International Purchases (2023)
China: US$76.9M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Gloves, Mittens and Mitts, Knitted or Crocheted were Nuevo León (US$29.5M), Querétaro (US$28M), Chihuahua (US$10.8M), Estado de México (US$10.2M), and Baja California (US$6.95M).
The countries with the most international sales to Mexico in 2023 were China (US$76.9M), Vietnam (US$8.44M), Sri Lanka (US$7.61M), Portugal (US$3.26M), and Pakistan (US$2.76M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Gloves, Mittens and Mitts, Knitted or Crocheted and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Gloves, Mittens and Mitts, Knitted or Crocheted. 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- 0.26%, Mexican share in global exports - 2022
- 1.74%, Mexican share in global imports - 2022
The visualizations show the global market for Gloves, Mittens and Mitts, Knitted or Crocheted. 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 Gloves, Mittens and Mitts, Knitted or Crocheted were China (US$3.31B), Sri Lanka (US$420M), and Vietnam (US$399M). In the same year, the main importing countries for Gloves, Mittens and Mitts, Knitted or Crocheted were United States (US$1.24B), Germany (US$526M), and Japan (US$488M).