ProceduresGovernment

Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years)

Código 711311 (Harmonized System 2012 by 6 digits)

 2023: US$241M, Total Trade Exchange

2023: US$58.5M, International Sales

  2023: US$182M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) was US$241M.

In 2023, the states with the most international sales in Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were Yucatán (US$26.7M), Ciudad de México (US$9.61M), Jalisco (US$7.25M), Baja California (US$7.2M), and Guerrero (US$4.35M).

The states with the most international purchases in 2023 were Ciudad de México (US$137M), Quintana Roo (US$11.2M), Yucatán (US$10.4M), Jalisco (US$8.23M), and Nuevo León (US$4.73M).

In 2023, the main commercial destinations of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were United States (US$53.8M), Guatemala (US$735k), Panama (US$658k), Canada (US$485k), and Colombia (US$434k).

The main commercial origins of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) in 2023 were Thailand (US$108M), China (US$18.3M), Italy (US$13.4M), India (US$11.3M), and United States (US$10.8M).

In the global context, the main exporting countries of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) in 2022 were India (US$3.27B), Thailand (US$2.42B), and China (US$1.05B). In the same year, the main importing countries of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were Hong Kong (US$3.11B), United States (US$1.85B), and Germany (US$707M).

Trade Balance of Mexico

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Net Trade Balance

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US$241M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) in Mexico (including international purchases and sales) was US$241M.

The visualizations show the net balance of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) 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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November, 2024

  • US$31.5M, International Purchases
  • US$7.56M, International Sales

In November 2024, international sales of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were US$7.56M, while international purchases reached US$31.5M. The above results in a trade balance of -US$23.9M.

Market Concentration

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2024-Q4: US$13M, International Sales

The visualization shows the quarterly concentration of international sales of Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) at state level.

In the fourth quarter of 2024, international sales were US$13M, being the states with the most sales Yucatán (US$6.28M), Ciudad de México (US$3.56M), and Jalisco (US$1.32M).

Exchange by Territory

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International Sales

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Yucatán: US$26.7M, State with the Most International Sales (2023)

United States: US$53.8M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were Yucatán (US$26.7M), Ciudad de México (US$9.61M), Jalisco (US$7.25M), Baja California (US$7.2M), and Guerrero (US$4.35M).

In 2023, the countries with the most international purchases from Mexico were United States (US$53.8M), Guatemala (US$735k), Panama (US$658k), Canada (US$485k), and Colombia (US$434k).

International Purchases

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Ciudad de México: US$137M, State with the Most International Purchases (2023)

Thailand: US$108M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were Ciudad de México (US$137M), Quintana Roo (US$11.2M), Yucatán (US$10.4M), Jalisco (US$8.23M), and Nuevo León (US$4.73M).

The countries with the most international sales to Mexico in 2023 were Thailand (US$108M), China (US$18.3M), Italy (US$13.4M), India (US$11.3M), and United States (US$10.8M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years). 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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  • 0.48%, Mexican share in global exports - 2022
  • 2.52%, Mexican share in global imports - 2022

The visualizations show the global market for Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years). 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 Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were India (US$3.27B), Thailand (US$2.42B), and China (US$1.05B). In the same year, the main importing countries for Jewelry and Parts Thereof, of Silver, Incl. Coated or Plated with Precious Metal "Plaqué" (Exc. with over 100 Years) were Hong Kong (US$3.11B), United States (US$1.85B), and Germany (US$707M).