Nickel and Articles Thereof
Code 75 (Harmonized System 2012 by 2 digits)
2023: US$907M, Total Trade Exchange
2023: US$348M, International Sales
2023: US$559M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Nickel and Articles Thereof was US$907M.
In 2023, the states with the most international sales in Nickel and Articles Thereof were Nuevo León (US$293M), Sonora (US$20.9M), Baja California (US$9.95M), Ciudad de México (US$5.7M), and Guanajuato (US$5.19M).
The states with the most international purchases in 2023 were Nuevo León (US$254M), Ciudad de México (US$55.2M), Baja California (US$49.3M), Tamaulipas (US$39.1M), and Sonora (US$38.2M).
In 2023, the main commercial destinations of Nickel and Articles Thereof were United States (US$200M), Italy (US$25.3M), China (US$23.9M), Sweden (US$20.7M), and Taiwan (Republic of China) (US$14.8M).
The main commercial origins of Nickel and Articles Thereof in 2023 were United States (US$362M), Canada (US$28.7M), Germany (US$25.8M), Norway (US$20.9M), and Sweden (US$20.9M).
In the global context, the main exporting countries of Nickel and Articles Thereof in 2022 were Indonesia (US$6.19B), Canada (US$5.72B), and Russia (US$4.87B). In the same year, the main importing countries of Nickel and Articles Thereof were China (US$12.8B), United States (US$4.55B), and Japan (US$4.39B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$907M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Nickel and Articles Thereof in Mexico (including international purchases and sales) was US$907M.
The visualizations show the net balance of Nickel and Articles Thereof 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$32.1M, International Sales
- US$43.7M, International Purchases
In July 2024, international sales of Nickel and Articles Thereof were US$32.1M and a total of US$43.7M in international purchases. For this month the net trade balance of Nickel and Articles Thereof it was of -US$11.6M.
Market Concentration
#permalink to section2024-Q3: US$32M, International Sales
The visualization shows the quarterly concentration of international sales of Nickel and Articles Thereof at state level.
In the third quarter of 2024, international sales were US$32M, being the states with the most sales Nuevo León (US$25.2M), Baja California (US$1.97M), and Chihuahua (US$1.68M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$293M, State with the Most International Sales (2023)
United States: US$200M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Nickel and Articles Thereof were Nuevo León (US$293M), Sonora (US$20.9M), Baja California (US$9.95M), Ciudad de México (US$5.7M), and Guanajuato (US$5.19M).
In 2023, the countries with the most international purchases from Mexico were United States (US$200M), Italy (US$25.3M), China (US$23.9M), Sweden (US$20.7M), and Taiwan (Republic of China) (US$14.8M).
International Purchases
#permalink to sectionNuevo León: US$254M, State with the Most International Purchases (2023)
United States: US$362M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Nickel and Articles Thereof were Nuevo León (US$254M), Ciudad de México (US$55.2M), Baja California (US$49.3M), Tamaulipas (US$39.1M), and Sonora (US$38.2M).
The countries with the most international sales to Mexico in 2023 were United States (US$362M), Canada (US$28.7M), Germany (US$25.8M), Norway (US$20.9M), and Sweden (US$20.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Nickel and Articles Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Nickel and Articles Thereof. 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- 0.44%, Mexican share in global exports - 2022
- 0.91%, Mexican share in global imports - 2022
The visualizations show the global market for Nickel and Articles Thereof. 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 Nickel and Articles Thereof were Indonesia (US$6.19B), Canada (US$5.72B), and Russia (US$4.87B). In the same year, the main importing countries for Nickel and Articles Thereof were China (US$12.8B), United States (US$4.55B), and Japan (US$4.39B).