ProceduresGovernment

Minerals of Precious Metals and their Concentrates

Código 2616 (Harmonized System 2012 by 4 digits)

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 Australia (US$10.2B), South Africa (US$8.57B), and Russia (US$7.66B). In the same year, the main importing countries of Minerals of Precious Metals and their Concentrates were China (US$29.7B), Germany (US$17.8B), and South Korea (US$6.8B).

Trade Balance of Mexico

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Net Trade Balance

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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

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Exchange by Territory

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International Sales

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Germany: US$161M, Main commercial destination (2023)

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

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Chile: US$27.8M, Main Commercial Origin (2023)

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

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Specialization by State

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The 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.

Origins and Trade Destinations

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  • 7.99%, Mexican share in global exports - 2022
  • N/A%, 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 Australia (US$10.2B), South Africa (US$8.57B), and Russia (US$7.66B). In the same year, the main importing countries for Minerals of Precious Metals and their Concentrates were China (US$29.7B), Germany (US$17.8B), and South Korea (US$6.8B).