Magnesium Sulfate
Código 283321 (Harmonized System 2012 by 6 digits)
2023: US$9.11M, Total Trade Exchange
2023: US$1.22M, International Sales
2023: US$7.89M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Magnesium Sulfate was US$9.11M.
In 2023, the states with the most international sales in Magnesium Sulfate were Baja California (US$6.39k).
The states with the most international purchases in 2023 were Jalisco (US$3.04M), Sonora (US$1.06M), Sinaloa (US$827k), Ciudad de México (US$708k), and Baja California (US$700k).
In 2023, the main commercial destinations of Magnesium Sulfate were Guatemala (US$4.83k) and United States (US$1.56k).
The main commercial origins of Magnesium Sulfate in 2023 were China (US$5.21M), United States (US$1.02M), Germany (US$650k), Japan (US$138k), and Czech Republic (US$31.3k).
In the global context, the main exporting countries of Magnesium Sulfate in 2022 were China (US$238M), Germany (US$116M), and Ireland (US$35.3M). In the same year, the main importing countries of Magnesium Sulfate were United States (US$32.2M), Bangladesh (US$26.7M), and Malaysia (US$21.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$9.11M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Magnesium Sulfate in Mexico (including international purchases and sales) was US$9.11M.
The visualizations show the net balance of Magnesium Sulfate 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$753k, International Purchases
- US$137k, International Sales
In July 2024, international sales of Magnesium Sulfate were US$137k, while international purchases reached US$753k. The above results in a trade balance of -US$617k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$6.39k, State with the Most International Sales (2023)
Guatemala: US$4.83k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Magnesium Sulfate were Baja California (US$6.39k).
In 2023, the countries with the most international purchases from Mexico were Guatemala (US$4.83k) and United States (US$1.56k).
International Purchases
#permalink to sectionJalisco: US$3.04M, State with the Most International Purchases (2023)
China: US$5.21M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Magnesium Sulfate were Jalisco (US$3.04M), Sonora (US$1.06M), Sinaloa (US$827k), Ciudad de México (US$708k), and Baja California (US$700k).
The countries with the most international sales to Mexico in 2023 were China (US$5.21M), United States (US$1.02M), Germany (US$650k), Japan (US$138k), and Czech Republic (US$31.3k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Magnesium Sulfate and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Magnesium Sulfate. 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- 0.16%, Mexican share in global exports - 2022
- 3.29%, Mexican share in global imports - 2022
The visualizations show the global market for Magnesium Sulfate. 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 Sulfate were China (US$238M), Germany (US$116M), and Ireland (US$35.3M). In the same year, the main importing countries for Magnesium Sulfate were United States (US$32.2M), Bangladesh (US$26.7M), and Malaysia (US$21.8M).