Inorganic Chemicals, Precious Metal Compound, Isotope
Code 28 (Harmonized System 2012 by 2 digits)
2023: US$4.97B, Total Trade Exchange
2023: US$1.39B, International Sales
2023: US$3.58B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Inorganic Chemicals, Precious Metal Compound, Isotope was US$4.97B.
In 2023, the states with the most international sales in Inorganic Chemicals, Precious Metal Compound, Isotope were Nuevo León (US$428M), Veracruz de Ignacio de la Llave (US$315M), San Luis Potosí (US$206M), Sonora (US$74.4M), and Chihuahua (US$65.5M).
The states with the most international purchases in 2023 were Ciudad de México (US$877M), Querétaro (US$701M), Nuevo León (US$456M), Estado de México (US$400M), and Guanajuato (US$210M).
In 2023, the main commercial destinations of Inorganic Chemicals, Precious Metal Compound, Isotope were United States (US$956M), Brazil (US$44.1M), Canada (US$40.1M), Spain (US$30.1M), and Guatemala (US$24.7M).
The main commercial origins of Inorganic Chemicals, Precious Metal Compound, Isotope in 2023 were United States (US$2.33B), China (US$416M), Trinidad and Tobago (US$260M), Germany (US$78.9M), and Morocco (US$47.4M).
In the global context, the main exporting countries of Inorganic Chemicals, Precious Metal Compound, Isotope in 2022 were China (US$35.7B), United States (US$17B), and Germany (US$14.2B). In the same year, the main importing countries of Inorganic Chemicals, Precious Metal Compound, Isotope were China (US$21.7B), United States (US$19.3B), and South Korea (US$13.4B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.97B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Inorganic Chemicals, Precious Metal Compound, Isotope in Mexico (including international purchases and sales) was US$4.97B.
The visualizations show the net balance of Inorganic Chemicals, Precious Metal Compound, Isotope 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$119M, International Sales
- US$300M, International Purchases
In July 2024, international sales of Inorganic Chemicals, Precious Metal Compound, Isotope were US$119M and a total of US$300M in international purchases. For this month the net trade balance of Inorganic Chemicals, Precious Metal Compound, Isotope it was of -US$182M.
Market Concentration
#permalink to section2024-Q3: US$115M, International Sales
The visualization shows the quarterly concentration of international sales of Inorganic Chemicals, Precious Metal Compound, Isotope at state level.
In the third quarter of 2024, international sales were US$115M, being the states with the most sales Nuevo León (US$38.9M), Veracruz de Ignacio de la Llave (US$23.8M), and San Luis Potosí (US$15.8M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$428M, State with the Most International Sales (2023)
United States: US$956M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Inorganic Chemicals, Precious Metal Compound, Isotope were Nuevo León (US$428M), Veracruz de Ignacio de la Llave (US$315M), San Luis Potosí (US$206M), Sonora (US$74.4M), and Chihuahua (US$65.5M).
In 2023, the countries with the most international purchases from Mexico were United States (US$956M), Brazil (US$44.1M), Canada (US$40.1M), Spain (US$30.1M), and Guatemala (US$24.7M).
International Purchases
#permalink to sectionCiudad de México: US$877M, State with the Most International Purchases (2023)
United States: US$2.33B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Inorganic Chemicals, Precious Metal Compound, Isotope were Ciudad de México (US$877M), Querétaro (US$701M), Nuevo León (US$456M), Estado de México (US$400M), and Guanajuato (US$210M).
The countries with the most international sales to Mexico in 2023 were United States (US$2.33B), China (US$416M), Trinidad and Tobago (US$260M), Germany (US$78.9M), and Morocco (US$47.4M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Inorganic Chemicals, Precious Metal Compound, Isotope and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Inorganic Chemicals, Precious Metal Compound, Isotope. 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- 0.77%, Mexican share in global exports - 2022
- 1.65%, Mexican share in global imports - 2022
The visualizations show the global market for Inorganic Chemicals, Precious Metal Compound, Isotope. 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 Inorganic Chemicals, Precious Metal Compound, Isotope were China (US$35.7B), United States (US$17B), and Germany (US$14.2B). In the same year, the main importing countries for Inorganic Chemicals, Precious Metal Compound, Isotope were China (US$21.7B), United States (US$19.3B), and South Korea (US$13.4B).