Minerals of Precious Metals and their Concentrates
Código 2616 (Harmonized System 2012 by 4 digits)
2023: US$643M, Total Trade Exchange
2023: US$584M, International Sales
2023: US$58.8M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Minerals of Precious Metals and their Concentrates was US$643M.
In 2023, the states with the most international sales in Minerals of Precious Metals and their Concentrates were Ciudad de México (US$323M) and Coahuila de Zaragoza (US$1.45M).
The states with the most international purchases in 2023 were Ciudad de México (US$55.5M), Sonora (US$266k), and Chihuahua (US$19.6k).
In 2023, the main commercial destinations of Minerals of Precious Metals and their Concentrates were Germany (US$161M), South Korea (US$81.5M), Bulgaria (US$48.1M), China (US$20.2M), and Canada (US$4.62M).
The main commercial origins of Minerals of Precious Metals and their Concentrates in 2023 were Chile (US$27.8M), Greece (US$14.8M), Ecuador (US$12M), Peru (US$730k), and Canada (US$233k).
In the global context, the main exporting countries of Minerals of Precious Metals and their Concentrates in 2022 were South Africa (US$2.23B), Australia (US$1.37B), and Mexico (US$1.23B). In the same year, the main importing countries of Minerals of Precious Metals and their Concentrates were China (US$5.39B), Germany (US$3.15B), and United Kingdom (US$882M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$643M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Minerals of Precious Metals and their Concentrates in Mexico (including international purchases and sales) was US$643M.
The visualizations show the net balance of Minerals of Precious Metals and their Concentrates 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 sectionNovember, 2024
- US$9.11M, International Purchases
- US$48.8M, International Sales
In November 2024, international sales of Minerals of Precious Metals and their Concentrates were US$48.8M, while international purchases reached US$9.11M. The above results in a trade balance of US$39.7M.
Market Concentration
#permalink to section2024-Q4: US$42.9M, International Sales
The visualization shows the quarterly concentration of international sales of Minerals of Precious Metals and their Concentrates at state level.
In the fourth quarter of 2024, international sales were US$42.9M, being the states with the most sales Ciudad de México (US$42.9M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$323M, State with the Most International Sales (2023)
Germany: US$161M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Minerals of Precious Metals and their Concentrates were Ciudad de México (US$323M) and Coahuila de Zaragoza (US$1.45M).
In 2023, the countries with the most international purchases from Mexico were Germany (US$161M), South Korea (US$81.5M), Bulgaria (US$48.1M), China (US$20.2M), and Canada (US$4.62M).
International Purchases
#permalink to sectionCiudad de México: US$55.5M, State with the Most International Purchases (2023)
Chile: US$27.8M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Minerals of Precious Metals and their Concentrates were Ciudad de México (US$55.5M), Sonora (US$266k), and Chihuahua (US$19.6k).
The countries with the most international sales to Mexico in 2023 were Chile (US$27.8M), Greece (US$14.8M), Ecuador (US$12M), Peru (US$730k), and Canada (US$233k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Minerals of Precious Metals and their Concentrates and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Minerals of Precious Metals and their Concentrates. 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- 8.91%, Mexican share in global exports - 2022
- 0.14%, Mexican share in global imports - 2022
The visualizations show the global market for Minerals of Precious Metals and their Concentrates. 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 Minerals of Precious Metals and their Concentrates were South Africa (US$2.23B), Australia (US$1.37B), and Mexico (US$1.23B). In the same year, the main importing countries for Minerals of Precious Metals and their Concentrates were China (US$5.39B), Germany (US$3.15B), and United Kingdom (US$882M).