Groats and Meal, Wheat
Código 110311 (Harmonized System 2012 by 6 digits)
2023: US$44.2M, Total Trade Exchange
2023: US$43.8M, International Sales
2023: US$382k, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Groats and Meal, Wheat was US$44.2M.
In 2022, the states with the most international sales in Groats and Meal, Wheat were Baja California (US$34.8M).
The states with the most international purchases in 2023 were Nuevo León (US$168k), Baja California Sur (US$42.7k), and Ciudad de México (US$1.63k).
In 2022, the main commercial destinations of Groats and Meal, Wheat were United States (US$17.3M), Panama (US$5M), Haiti (US$4.56M), Philippines (US$2.77M), and Guatemala (US$1.89M).
The main commercial origins of Groats and Meal, Wheat in 2023 were United States (US$186k), Italy (US$26.3k), Greece (US$421), and France (US$110).
In the global context, the main exporting countries of Groats and Meal, Wheat in 2022 were Italy (US$94.2M), Turkey (US$71.9M), and Australia (US$57.8M). In the same year, the main importing countries of Groats and Meal, Wheat were Malaysia (US$72.6M), France (US$52.5M), and United States (US$51.1M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$44.2M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Groats and Meal, Wheat in Mexico (including international purchases and sales) was US$44.2M.
The visualizations show the net balance of Groats and Meal, Wheat 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$44.3k, International Purchases
- US$2.56M, International Sales
In July 2024, international sales of Groats and Meal, Wheat were US$2.56M, while international purchases reached US$44.3k. The above results in a trade balance of US$2.51M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$34.8M, State with the Most International Sales (2022)
United States: US$17.3M, Main commercial destination (2022)
In 2022, the states with the highest international sales in Groats and Meal, Wheat were Baja California (US$34.8M).
In 2022, the countries with the most international purchases from Mexico were United States (US$17.3M), Panama (US$5M), Haiti (US$4.56M), Philippines (US$2.77M), and Guatemala (US$1.89M).
International Purchases
#permalink to sectionNuevo León: US$168k, State with the Most International Purchases (2023)
United States: US$186k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Groats and Meal, Wheat were Nuevo León (US$168k), Baja California Sur (US$42.7k), and Ciudad de México (US$1.63k).
The countries with the most international sales to Mexico in 2023 were United States (US$186k), Italy (US$26.3k), Greece (US$421), and France (US$110).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Groats and Meal, Wheat and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Groats and Meal, Wheat. 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- 5.72%, Mexican share in global exports - 2022
- 0.087%, Mexican share in global imports - 2022
The visualizations show the global market for Groats and Meal, Wheat. 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 Groats and Meal, Wheat were Italy (US$94.2M), Turkey (US$71.9M), and Australia (US$57.8M). In the same year, the main importing countries for Groats and Meal, Wheat were Malaysia (US$72.6M), France (US$52.5M), and United States (US$51.1M).