Knitwear
Code 60 (Harmonized System 2012 by 2 digits)
2023: US$796M, Total Trade Exchange
2023: US$111M, International Sales
2023: US$685M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Knitwear was US$796M.
In 2023, the states with the most international sales in Knitwear were Baja California (US$47M), Tlaxcala (US$27.9M), Chihuahua (US$5.2M), Estado de México (US$4.4M), and Jalisco (US$4.11M).
The states with the most international purchases in 2023 were Baja California (US$182M), Ciudad de México (US$111M), Estado de México (US$60.5M), Guanajuato (US$60.4M), and Coahuila de Zaragoza (US$39.1M).
In 2023, the main commercial destinations of Knitwear were United States (US$92.2M), Guatemala (US$3.51M), Belize (US$3.22M), El Salvador (US$2.58M), and Colombia (US$1.8M).
The main commercial origins of Knitwear in 2023 were China (US$374M), United States (US$186M), Honduras (US$34.4M), Colombia (US$15.6M), and Taiwan (Republic of China) (US$8.02M).
In the global context, the main exporting countries of Knitwear in 2022 were China (US$19.2B), Taiwan (Republic of China) (US$2.71B), and South Korea (US$2.32B). In the same year, the main importing countries of Knitwear were Vietnam (US$6.32B), Cambodia (US$2.36B), and Bangladesh (US$2.28B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$796M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Knitwear in Mexico (including international purchases and sales) was US$796M.
The visualizations show the net balance of Knitwear 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$7.76M, International Sales
- US$65.7M, International Purchases
In July 2024, international sales of Knitwear were US$7.76M and a total of US$65.7M in international purchases. For this month the net trade balance of Knitwear it was of -US$57.9M.
Market Concentration
#permalink to section2024-Q3: US$4.19M, International Sales
The visualization shows the quarterly concentration of international sales of Knitwear at state level.
In the third quarter of 2024, international sales were US$4.19M, being the states with the most sales Baja California (US$2M), Estado de México (US$631k), and Chihuahua (US$495k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$47M, State with the Most International Sales (2023)
United States: US$92.2M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Knitwear were Baja California (US$47M), Tlaxcala (US$27.9M), Chihuahua (US$5.2M), Estado de México (US$4.4M), and Jalisco (US$4.11M).
In 2023, the countries with the most international purchases from Mexico were United States (US$92.2M), Guatemala (US$3.51M), Belize (US$3.22M), El Salvador (US$2.58M), and Colombia (US$1.8M).
International Purchases
#permalink to sectionBaja California: US$182M, State with the Most International Purchases (2023)
China: US$374M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Knitwear were Baja California (US$182M), Ciudad de México (US$111M), Estado de México (US$60.5M), Guanajuato (US$60.4M), and Coahuila de Zaragoza (US$39.1M).
The countries with the most international sales to Mexico in 2023 were China (US$374M), United States (US$186M), Honduras (US$34.4M), Colombia (US$15.6M), and Taiwan (Republic of China) (US$8.02M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Knitwear and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Knitwear. 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- 0.15%, Mexican share in global exports - 2022
- 2.07%, Mexican share in global imports - 2022
The visualizations show the global market for Knitwear. 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 Knitwear were China (US$19.2B), Taiwan (Republic of China) (US$2.71B), and South Korea (US$2.32B). In the same year, the main importing countries for Knitwear were Vietnam (US$6.32B), Cambodia (US$2.36B), and Bangladesh (US$2.28B).