ProceduresGovernment

Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering

Código 6504 (Harmonized System 2012 by 4 digits)

 2023: US$38.2M, Total Trade Exchange

2023: US$31.4M, International Sales

  2023: US$6.75M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering was US$38.2M.

In 2023, the states with the most international sales in Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were Guanajuato (US$20.3M), Michoacán de Ocampo (US$1.46M), Oaxaca (US$1.04M), Chihuahua (US$755k), and Baja California (US$660k).

The states with the most international purchases in 2023 were Ciudad de México (US$2.11M), Baja California (US$1.43M), Sinaloa (US$408k), Estado de México (US$295k), and Guanajuato (US$175k).

In 2023, the main commercial destinations of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were United States (US$22.8M), Guatemala (US$672k), Honduras (US$237k), Australia (US$211k), and Brazil (US$125k).

The main commercial origins of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering in 2023 were China (US$4.19M), Italy (US$151k), United States (US$142k), Ecuador (US$98.7k), and Vietnam (US$28.4k).

In the global context, the main exporting countries of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering in 2022 were China (US$299M), Mexico (US$48.6M), and Italy (US$23.7M). In the same year, the main importing countries of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were United States (US$180M), Germany (US$31.3M), and United Kingdom (US$24.8M).

Trade Balance of Mexico

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Net Trade Balance

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US$38.2M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering in Mexico (including international purchases and sales) was US$38.2M.

The visualizations show the net balance of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering 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$392k, International Purchases
  • US$2.53M, International Sales

In July 2024, international sales of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were US$2.53M, while international purchases reached US$392k. The above results in a trade balance of US$2.14M.

Market Concentration

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2024-Q3: US$1.9M, International Sales

The visualization shows the quarterly concentration of international sales of Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering at state level.

In the third quarter of 2024, international sales were US$1.9M, being the states with the most sales Guanajuato (US$1.57M), Puebla (US$225k), and Chihuahua (US$74.1k).

Exchange by Territory

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International Sales

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Guanajuato: US$20.3M, State with the Most International Sales (2023)

United States: US$22.8M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were Guanajuato (US$20.3M), Michoacán de Ocampo (US$1.46M), Oaxaca (US$1.04M), Chihuahua (US$755k), and Baja California (US$660k).

In 2023, the countries with the most international purchases from Mexico were United States (US$22.8M), Guatemala (US$672k), Honduras (US$237k), Australia (US$211k), and Brazil (US$125k).

International Purchases

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Ciudad de México: US$2.11M, State with the Most International Purchases (2023)

China: US$4.19M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were Ciudad de México (US$2.11M), Baja California (US$1.43M), Sinaloa (US$408k), Estado de México (US$295k), and Guanajuato (US$175k).

The countries with the most international sales to Mexico in 2023 were China (US$4.19M), Italy (US$151k), United States (US$142k), Ecuador (US$98.7k), and Vietnam (US$28.4k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering. 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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  • 9.32%, Mexican share in global exports - 2022
  • 1.76%, Mexican share in global imports - 2022

The visualizations show the global market for Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering. 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 Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were China (US$299M), Mexico (US$48.6M), and Italy (US$23.7M). In the same year, the main importing countries for Hats and other Headgear, Plaited or made by Assembling Strips of any Material, whether Plastering were United States (US$180M), Germany (US$31.3M), and United Kingdom (US$24.8M).