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Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil")

Código 382319 (Harmonized System 2012 by 6 digits)

 2023: US$70.6M, Total Trade Exchange

2023: US$13.4M, International Sales

  2023: US$57.3M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") was US$70.6M.

In 2023, the states with the most international sales in Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Ciudad de México (US$8.42M), Jalisco (US$1.02M), and Estado de México (US$166k).

The states with the most international purchases in 2023 were Tamaulipas (US$18.2M), Jalisco (US$12.9M), Querétaro (US$9.93M), Estado de México (US$6.16M), and Ciudad de México (US$5.41M).

In 2023, the main commercial destinations of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were United States (US$9.2M), China (US$285k), Argentina (US$46.4k), Colombia (US$41.6k), and Guatemala (US$33k).

The main commercial origins of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") in 2023 were United States (US$21.9M), Indonesia (US$10.4M), Malaysia (US$7.81M), Argentina (US$6.92M), and Guatemala (US$4.5M).

In the global context, the main exporting countries of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") in 2022 were Indonesia (US$4.3B), Malaysia (US$1.77B), and Netherlands (US$904M). In the same year, the main importing countries of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Netherlands (US$1.19B), China (US$1.12B), and Malaysia (US$958M).

Trade Balance of Mexico

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Net Trade Balance

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US$70.6M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") in Mexico (including international purchases and sales) was US$70.6M.

The visualizations show the net balance of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") 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$6.47M, International Purchases
  • US$1.11M, International Sales

In July 2024, international sales of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were US$1.11M, while international purchases reached US$6.47M. The above results in a trade balance of -US$5.37M.

Market Concentration

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2024-Q3: US$756k, International Sales

The visualization shows the quarterly concentration of international sales of Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") at state level.

In the third quarter of 2024, international sales were US$756k, being the states with the most sales Ciudad de México (US$756k).

Exchange by Territory

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International Sales

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Ciudad de México: US$8.42M, State with the Most International Sales (2023)

United States: US$9.2M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Ciudad de México (US$8.42M), Jalisco (US$1.02M), and Estado de México (US$166k).

In 2023, the countries with the most international purchases from Mexico were United States (US$9.2M), China (US$285k), Argentina (US$46.4k), Colombia (US$41.6k), and Guatemala (US$33k).

International Purchases

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Tamaulipas: US$18.2M, State with the Most International Purchases (2023)

United States: US$21.9M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Tamaulipas (US$18.2M), Jalisco (US$12.9M), Querétaro (US$9.93M), Estado de México (US$6.16M), and Ciudad de México (US$5.41M).

The countries with the most international sales to Mexico in 2023 were United States (US$21.9M), Indonesia (US$10.4M), Malaysia (US$7.81M), Argentina (US$6.92M), and Guatemala (US$4.5M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil")  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil"). 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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  • 0.064%, Mexican share in global exports - 2022
  • 0.91%, Mexican share in global imports - 2022

The visualizations show the global market for Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil"). 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 Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Indonesia (US$4.3B), Malaysia (US$1.77B), and Netherlands (US$904M). In the same year, the main importing countries for Industrial Monocarboxylic Fatty Acids; Refined Oils Acids (Exc. Stearic Acid, Oleic Acid and Fatty Acids of the "Tall Oil") were Netherlands (US$1.19B), China (US$1.12B), and Malaysia (US$958M).