Methacrylic Acid and its Salts
Código 291613 (Harmonized System 2012 by 6 digits)
2021: US$137k, International Sales
2023: US$8.92M, International Purchases
The states with the most international purchases in 2023 were Ciudad de México (US$7.94M) and Estado de México (US$118k).
The main commercial origins of Methacrylic Acid and its Salts in 2023 were United States (US$6.98M), China (US$677k), South Korea (US$281k), Japan (US$113k), and Thailand (US$731).
In the global context, the main exporting countries of Methacrylic Acid and its Salts in 2022 were South Korea (US$86.2M), Germany (US$76.2M), and China (US$65M). In the same year, the main importing countries of Methacrylic Acid and its Salts were France (US$61.2M), United States (US$44M), and India (US$33.5M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Methacrylic Acid and its Salts 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$760k, International Purchases
In July 2024, international sales of Methacrylic Acid and its Salts were US$0, while international purchases reached US$760k. The above results in a trade balance of -US$760k.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionCiudad de México: US$7.94M, State with the Most International Purchases (2023)
United States: US$6.98M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Methacrylic Acid and its Salts were Ciudad de México (US$7.94M) and Estado de México (US$118k).
The countries with the most international sales to Mexico in 2023 were United States (US$6.98M), China (US$677k), South Korea (US$281k), Japan (US$113k), and Thailand (US$731).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Methacrylic Acid and its Salts and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Methacrylic Acid and its Salts. 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%, Mexican share in global exports - 2022
- 2.24%, Mexican share in global imports - 2022
The visualizations show the global market for Methacrylic Acid and its Salts. 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 Methacrylic Acid and its Salts were South Korea (US$86.2M), Germany (US$76.2M), and China (US$65M). In the same year, the main importing countries for Methacrylic Acid and its Salts were France (US$61.2M), United States (US$44M), and India (US$33.5M).