ProceduresGovernment

Nitric Acid; Sulphonitric Acids

Código 2808 (Harmonized System 2012 by 4 digits)

 2023: US$5.01M, Total Trade Exchange

2023: US$151k, International Sales

  2023: US$4.86M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Nitric Acid; Sulphonitric Acids was US$5.01M.

In 2023, the states with the most international sales in Nitric Acid; Sulphonitric Acids were Estado de México (US$112k).

The states with the most international purchases in 2023 were Baja California (US$365k), Estado de México (US$196k), and Nuevo León (US$147k).

In 2023, the main commercial destinations of Nitric Acid; Sulphonitric Acids were Costa Rica (US$49.6k), Nicaragua (US$21.9k), Peru (US$12.6k), Honduras (US$11.7k), and Uruguay (US$8.13k).

The main commercial origins of Nitric Acid; Sulphonitric Acids in 2023 were United States (US$555k), Canada (US$121k), Switzerland (US$21.8k), Germany (US$9.93k), and South Korea (US$855).

In the global context, the main exporting countries of Nitric Acid; Sulphonitric Acids in 2022 were South Korea (US$168M), Belgium (US$149M), and Germany (US$99.8M). In the same year, the main importing countries of Nitric Acid; Sulphonitric Acids were Germany (US$95.6M), France (US$66.3M), and Japan (US$52M).

Trade Balance of Mexico

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Net Trade Balance

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US$5.01M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Nitric Acid; Sulphonitric Acids in Mexico (including international purchases and sales) was US$5.01M.

The visualizations show the net balance of Nitric Acid; Sulphonitric Acids 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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July, 2024: US$439k, International Purchases

In July 2024, international sales of Nitric Acid; Sulphonitric Acids were US$0, while international purchases reached US$439k. The above results in a trade balance of -US$439k.

Exchange by Territory

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International Sales

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Estado de México: US$112k, State with the Most International Sales (2023)

Costa Rica: US$49.6k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Nitric Acid; Sulphonitric Acids were Estado de México (US$112k).

In 2023, the countries with the most international purchases from Mexico were Costa Rica (US$49.6k), Nicaragua (US$21.9k), Peru (US$12.6k), Honduras (US$11.7k), and Uruguay (US$8.13k).

International Purchases

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Baja California: US$365k, State with the Most International Purchases (2023)

United States: US$555k, Main Commercial Origin (2023)

In 2023, the states with the highest international in Nitric Acid; Sulphonitric Acids were Baja California (US$365k), Estado de México (US$196k), and Nuevo León (US$147k).

The countries with the most international sales to Mexico in 2023 were United States (US$555k), Canada (US$121k), Switzerland (US$21.8k), Germany (US$9.93k), and South Korea (US$855).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Nitric Acid; Sulphonitric Acids  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Nitric Acid; Sulphonitric Acids. 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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  • 0.039%, Mexican share in global exports - 2022
  • 0.77%, Mexican share in global imports - 2022

The visualizations show the global market for Nitric Acid; Sulphonitric Acids. 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 Nitric Acid; Sulphonitric Acids were South Korea (US$168M), Belgium (US$149M), and Germany (US$99.8M). In the same year, the main importing countries for Nitric Acid; Sulphonitric Acids were Germany (US$95.6M), France (US$66.3M), and Japan (US$52M).