Looms
Código 8446 (Harmonized System 2012 by 4 digits)
2023: US$24.3M, Total Trade Exchange
2023: US$1.97M, International Sales
2023: US$22.3M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Looms was US$24.3M.
In 2023, the states with the most international sales in Looms were Estado de México (US$1.71M).
The states with the most international purchases in 2023 were Puebla (US$10.2M), Ciudad de México (US$4.57M), Jalisco (US$1.78M), Estado de México (US$1.08M), and Guanajuato (US$998k).
In 2023, the main commercial destinations of Looms were Colombia (US$1.65M), India (US$54k), Honduras (US$2.62k), and Ecuador (US$370).
The main commercial origins of Looms in 2023 were Belgium (US$9.07M), Japan (US$4.13M), Italy (US$2.79M), China (US$1.65M), and Germany (US$1.16M).
In the global context, the main exporting countries of Looms in 2022 were Belgium (US$693M), China (US$597M), and Japan (US$373M). In the same year, the main importing countries of Looms were India (US$687M), Turkey (US$297M), and China (US$291M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$24.3M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Looms in Mexico (including international purchases and sales) was US$24.3M.
The visualizations show the net balance of Looms 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$678k, International Purchases
In July 2024, international sales of Looms were US$0, while international purchases reached US$678k. The above results in a trade balance of -US$678k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$1.71M, State with the Most International Sales (2023)
Colombia: US$1.65M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Looms were Estado de México (US$1.71M).
In 2023, the countries with the most international purchases from Mexico were Colombia (US$1.65M), India (US$54k), Honduras (US$2.62k), and Ecuador (US$370).
International Purchases
#permalink to sectionPuebla: US$10.2M, State with the Most International Purchases (2023)
Belgium: US$9.07M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Looms were Puebla (US$10.2M), Ciudad de México (US$4.57M), Jalisco (US$1.78M), Estado de México (US$1.08M), and Guanajuato (US$998k).
The countries with the most international sales to Mexico in 2023 were Belgium (US$9.07M), Japan (US$4.13M), Italy (US$2.79M), China (US$1.65M), and Germany (US$1.16M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Looms and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Looms. 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- 0.071%, Mexican share in global exports - 2022
- 0.64%, Mexican share in global imports - 2022
The visualizations show the global market for Looms. 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 Looms were Belgium (US$693M), China (US$597M), and Japan (US$373M). In the same year, the main importing countries for Looms were India (US$687M), Turkey (US$297M), and China (US$291M).