Mineral Products
Code 5 (Harmonized System 2012 by Sector)
2023: US$88.5B, Total Trade Exchange
2023: US$42.2B, International Sales
2023: US$46.3B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Mineral Products was US$88.5B.
In 2023, the states with the most international sales in Mineral Products were Ciudad de México (US$35.4B), Sonora (US$3.8B), Coahuila de Zaragoza (US$711M), Baja California (US$413M), and Nuevo León (US$368M).
The states with the most international purchases in 2023 were Ciudad de México (US$39.3B), Nuevo León (US$1.78B), Sonora (US$1.24B), Estado de México (US$736M), and Coahuila de Zaragoza (US$454M).
In 2023, the main commercial destinations of Mineral Products were United States (US$5.7B), China (US$4.25B), South Korea (US$1.22B), Japan (US$590M), and Switzerland (US$295M).
The main commercial origins of Mineral Products in 2023 were United States (US$40.5B), China (US$881M), Singapore (US$824M), Colombia (US$776M), and Japan (US$550M).
In the global context, the main exporting countries of Mineral Products in 2022 were United States (US$303B), Australia (US$287B), and Russia (US$255B). In the same year, the main importing countries of Mineral Products were China (US$649B), India (US$274B), and United States (US$249B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$88.5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Mineral Products in Mexico (including international purchases and sales) was US$88.5B.
The visualizations show the net balance of Mineral Products 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$3.24B, International Sales
- US$2.85B, International Purchases
In July 2024, international sales of Mineral Products were US$3.24B and a total of US$2.85B in international purchases. For this month the net trade balance of Mineral Products it was of US$390M.
Market Concentration
#permalink to section2024-Q3: US$3.17B, International Sales
The visualization shows the quarterly concentration of international sales of Mineral Products at state level.
In the third quarter of 2024, international sales were US$3.17B, being the states with the most sales Ciudad de México (US$2.74B), Sonora (US$289M), and Coahuila de Zaragoza (US$49.7M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$35.4B, State with the Most International Sales (2023)
United States: US$5.7B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Mineral Products were Ciudad de México (US$35.4B), Sonora (US$3.8B), Coahuila de Zaragoza (US$711M), Baja California (US$413M), and Nuevo León (US$368M).
In 2023, the countries with the most international purchases from Mexico were United States (US$5.7B), China (US$4.25B), South Korea (US$1.22B), Japan (US$590M), and Switzerland (US$295M).
International Purchases
#permalink to sectionCiudad de México: US$39.3B, State with the Most International Purchases (2023)
United States: US$40.5B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Mineral Products were Ciudad de México (US$39.3B), Nuevo León (US$1.78B), Sonora (US$1.24B), Estado de México (US$736M), and Coahuila de Zaragoza (US$454M).
The countries with the most international sales to Mexico in 2023 were United States (US$40.5B), China (US$881M), Singapore (US$824M), Colombia (US$776M), and Japan (US$550M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Mineral Products and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Mineral Products. 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- 1.45%, Mexican share in global exports - 2022
- 0.66%, Mexican share in global imports - 2022
The visualizations show the global market for Mineral Products. 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 Mineral Products were United States (US$303B), Australia (US$287B), and Russia (US$255B). In the same year, the main importing countries for Mineral Products were China (US$649B), India (US$274B), and United States (US$249B).