Glutamic Acid and its Salts
Código 292242 (Harmonized System 2012 by 6 digits)
2023: US$33.9M, Total Trade Exchange
2023: US$160k, International Sales
2023: US$33.8M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Glutamic Acid and its Salts was US$33.9M.
In 2021, the states with the most international sales in Glutamic Acid and its Salts were Estado de México (US$373k) and Ciudad de México (US$1.25k).
The states with the most international purchases in 2023 were Estado de México (US$25.1M), Ciudad de México (US$4.47M), Guanajuato (US$1.36M), Querétaro (US$1.04M), and Jalisco (US$640k).
In 2021, the main commercial destinations of Glutamic Acid and its Salts were Guatemala (US$225k), Colombia (US$125k), Dominican Republic (US$22.8k), United States (US$1.23k), and Chile (US$158).
The main commercial origins of Glutamic Acid and its Salts in 2023 were China (US$21.6M), United States (US$6.94M), Brazil (US$4.86M), Japan (US$134k), and France (US$93.8k).
In the global context, the main exporting countries of Glutamic Acid and its Salts in 2022 were China (US$1.15B), Indonesia (US$209M), and Brazil (US$189M). In the same year, the main importing countries of Glutamic Acid and its Salts were Japan (US$212M), Nigeria (US$169M), and Thailand (US$160M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$33.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Glutamic Acid and its Salts in Mexico (including international purchases and sales) was US$33.9M.
The visualizations show the net balance of Glutamic Acid and its Salts 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$2.6M, International Purchases
In July 2024, international sales of Glutamic Acid and its Salts were US$0, while international purchases reached US$2.6M. The above results in a trade balance of -US$2.6M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$373k, State with the Most International Sales (2021)
Guatemala: US$225k, Main commercial destination (2021)
In 2021, the states with the highest international sales in Glutamic Acid and its Salts were Estado de México (US$373k) and Ciudad de México (US$1.25k).
In 2021, the countries with the most international purchases from Mexico were Guatemala (US$225k), Colombia (US$125k), Dominican Republic (US$22.8k), United States (US$1.23k), and Chile (US$158).
International Purchases
#permalink to sectionEstado de México: US$25.1M, State with the Most International Purchases (2023)
China: US$21.6M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Glutamic Acid and its Salts were Estado de México (US$25.1M), Ciudad de México (US$4.47M), Guanajuato (US$1.36M), Querétaro (US$1.04M), and Jalisco (US$640k).
The countries with the most international sales to Mexico in 2023 were China (US$21.6M), United States (US$6.94M), Brazil (US$4.86M), Japan (US$134k), and France (US$93.8k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Glutamic Acid and its Salts and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Glutamic Acid and its Salts. 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- 0.019%, Mexican share in global exports - 2022
- 1.73%, Mexican share in global imports - 2022
The visualizations show the global market for Glutamic Acid and its Salts. 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 Glutamic Acid and its Salts were China (US$1.15B), Indonesia (US$209M), and Brazil (US$189M). In the same year, the main importing countries for Glutamic Acid and its Salts were Japan (US$212M), Nigeria (US$169M), and Thailand (US$160M).