Magnesium and Articles Thereof, Including Waste and Scrap
Código 8104 (Harmonized System 2012 by 4 digits)
2023: US$116M, Total Trade Exchange
2023: US$28.5M, International Sales
2023: US$87.6M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Magnesium and Articles Thereof, Including Waste and Scrap was US$116M.
In 2023, the states with the most international sales in Magnesium and Articles Thereof, Including Waste and Scrap were Tamaulipas (US$22M), Nuevo León (US$3.12M), Chihuahua (US$2.66M), and Baja California (US$127k).
The states with the most international purchases in 2023 were Tamaulipas (US$45M), Chihuahua (US$14.8M), Coahuila de Zaragoza (US$8.01M), Estado de México (US$6.96M), and Nuevo León (US$5.25M).
In 2023, the main commercial destinations of Magnesium and Articles Thereof, Including Waste and Scrap were United States (US$24.5M), Brazil (US$2.32M), Netherlands (US$880k), United Arab Emirates (US$99.1k), and India (US$63.3k).
The main commercial origins of Magnesium and Articles Thereof, Including Waste and Scrap in 2023 were China (US$82.3M), United States (US$2.15M), Turkey (US$559k), Switzerland (US$556k), and India (US$503k).
In the global context, the main exporting countries of Magnesium and Articles Thereof, Including Waste and Scrap in 2022 were China (US$2.63B), Israel (US$229M), and Turkey (US$153M). In the same year, the main importing countries of Magnesium and Articles Thereof, Including Waste and Scrap were United States (US$856M), Canada (US$508M), and Germany (US$318M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$116M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Magnesium and Articles Thereof, Including Waste and Scrap in Mexico (including international purchases and sales) was US$116M.
The visualizations show the net balance of Magnesium and Articles Thereof, Including Waste and Scrap 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$5.56M, International Purchases
- US$2.54M, International Sales
In July 2024, international sales of Magnesium and Articles Thereof, Including Waste and Scrap were US$2.54M, while international purchases reached US$5.56M. The above results in a trade balance of -US$3.02M.
Market Concentration
#permalink to section2024-Q3: US$2.19M, International Sales
The visualization shows the quarterly concentration of international sales of Magnesium and Articles Thereof, Including Waste and Scrap at state level.
In the third quarter of 2024, international sales were US$2.19M, being the states with the most sales Tamaulipas (US$2.19M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionTamaulipas: US$22M, State with the Most International Sales (2023)
United States: US$24.5M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Magnesium and Articles Thereof, Including Waste and Scrap were Tamaulipas (US$22M), Nuevo León (US$3.12M), Chihuahua (US$2.66M), and Baja California (US$127k).
In 2023, the countries with the most international purchases from Mexico were United States (US$24.5M), Brazil (US$2.32M), Netherlands (US$880k), United Arab Emirates (US$99.1k), and India (US$63.3k).
International Purchases
#permalink to sectionTamaulipas: US$45M, State with the Most International Purchases (2023)
China: US$82.3M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Magnesium and Articles Thereof, Including Waste and Scrap were Tamaulipas (US$45M), Chihuahua (US$14.8M), Coahuila de Zaragoza (US$8.01M), Estado de México (US$6.96M), and Nuevo León (US$5.25M).
The countries with the most international sales to Mexico in 2023 were China (US$82.3M), United States (US$2.15M), Turkey (US$559k), Switzerland (US$556k), and India (US$503k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Magnesium and Articles Thereof, Including Waste and Scrap and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Magnesium and Articles Thereof, Including Waste and Scrap. 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- 0.54%, Mexican share in global exports - 2022
- 0.88%, Mexican share in global imports - 2022
The visualizations show the global market for Magnesium and Articles Thereof, Including Waste and Scrap. 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 Magnesium and Articles Thereof, Including Waste and Scrap were China (US$2.63B), Israel (US$229M), and Turkey (US$153M). In the same year, the main importing countries for Magnesium and Articles Thereof, Including Waste and Scrap were United States (US$856M), Canada (US$508M), and Germany (US$318M).