Molasses Resulting from the Extraction or Refining of Sugar
Código 1703 (Harmonized System 2012 by 4 digits)
2023: US$36.3M, Total Trade Exchange
2023: US$35.6M, International Sales
2023: US$670k, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Molasses Resulting from the Extraction or Refining of Sugar was US$36.3M.
In 2016, the states with the most international sales in Molasses Resulting from the Extraction or Refining of Sugar were Ciudad de México (US$11.5M).
The states with the most international purchases in 2023 were Nuevo León (US$202k), Ciudad de México (US$129k), Estado de México (US$39.5k), and Baja California (US$28.8k).
In 2016, the main commercial destinations of Molasses Resulting from the Extraction or Refining of Sugar were United States (US$6.98M), Puerto Rico (US$3.17M), Jamaica (US$1.39M), and Australia (US$217).
The main commercial origins of Molasses Resulting from the Extraction or Refining of Sugar in 2023 were United States (US$399k), Taiwan (Republic of China) (US$588), Paraguay (US$284), Colombia (US$101), and France (US$74).
In the global context, the main exporting countries of Molasses Resulting from the Extraction or Refining of Sugar in 2022 were India (US$361M), Indonesia (US$133M), and Russia (US$82.9M). In the same year, the main importing countries of Molasses Resulting from the Extraction or Refining of Sugar were United States (US$200M), United Kingdom (US$155M), and Philippines (US$131M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$36.3M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Molasses Resulting from the Extraction or Refining of Sugar in Mexico (including international purchases and sales) was US$36.3M.
The visualizations show the net balance of Molasses Resulting from the Extraction or Refining of Sugar 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$81.8k, International Purchases
In July 2024, international sales of Molasses Resulting from the Extraction or Refining of Sugar were US$0, while international purchases reached US$81.8k. The above results in a trade balance of -US$81.8k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$11.5M, State with the Most International Sales (2016)
United States: US$6.98M, Main commercial destination (2016)
In 2016, the states with the highest international sales in Molasses Resulting from the Extraction or Refining of Sugar were Ciudad de México (US$11.5M).
In 2016, the countries with the most international purchases from Mexico were United States (US$6.98M), Puerto Rico (US$3.17M), Jamaica (US$1.39M), and Australia (US$217).
International Purchases
#permalink to sectionNuevo León: US$202k, State with the Most International Purchases (2023)
United States: US$399k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Molasses Resulting from the Extraction or Refining of Sugar were Nuevo León (US$202k), Ciudad de México (US$129k), Estado de México (US$39.5k), and Baja California (US$28.8k).
The countries with the most international sales to Mexico in 2023 were United States (US$399k), Taiwan (Republic of China) (US$588), Paraguay (US$284), Colombia (US$101), and France (US$74).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Molasses Resulting from the Extraction or Refining of Sugar and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Molasses Resulting from the Extraction or Refining of Sugar. 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- 2.22%, Mexican share in global exports - 2022
- 0.18%, Mexican share in global imports - 2022
The visualizations show the global market for Molasses Resulting from the Extraction or Refining of Sugar. 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 Molasses Resulting from the Extraction or Refining of Sugar were India (US$361M), Indonesia (US$133M), and Russia (US$82.9M). In the same year, the main importing countries for Molasses Resulting from the Extraction or Refining of Sugar were United States (US$200M), United Kingdom (US$155M), and Philippines (US$131M).