ProceduresGovernment

Nitrile-Function Compounds

Código 2926 (Harmonized System 2012 by 4 digits)

 2023: US$194M, Total Trade Exchange

2023: US$12.6M, International Sales

  2023: US$181M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Nitrile-Function Compounds was US$194M.

In 2023, the states with the most international sales in Nitrile-Function Compounds were Estado de México (US$1.37M).

The states with the most international purchases in 2023 were Ciudad de México (US$62.8M), Jalisco (US$52.1M), Tamaulipas (US$27.9M), Estado de México (US$24.5M), and Guanajuato (US$4.35M).

In 2023, the main commercial destinations of Nitrile-Function Compounds were Brazil (US$779k), Argentina (US$92.1k), Guatemala (US$81.7k), Uruguay (US$65.4k), and Paraguay (US$61.9k).

The main commercial origins of Nitrile-Function Compounds in 2023 were United States (US$105M), China (US$19.9M), Brazil (US$14.2M), South Korea (US$12.6M), and India (US$10.5M).

In the global context, the main exporting countries of Nitrile-Function Compounds in 2022 were China (US$1.86B), United States (US$923M), and Germany (US$636M). In the same year, the main importing countries of Nitrile-Function Compounds were India (US$746M), United States (US$521M), and Brazil (US$474M).

Trade Balance of Mexico

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Net Trade Balance

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US$194M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Nitrile-Function Compounds in Mexico (including international purchases and sales) was US$194M.

The visualizations show the net balance of Nitrile-Function Compounds 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$12.2M, International Purchases
  • US$1.17M, International Sales

In July 2024, international sales of Nitrile-Function Compounds were US$1.17M, while international purchases reached US$12.2M. The above results in a trade balance of -US$11M.

Market Concentration

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2024-Q3: US$300k, International Sales

The visualization shows the quarterly concentration of international sales of Nitrile-Function Compounds at state level.

In the third quarter of 2024, international sales were US$300k, being the states with the most sales Estado de México (US$300k).

Exchange by Territory

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International Sales

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Estado de México: US$1.37M, State with the Most International Sales (2023)

Brazil: US$779k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Nitrile-Function Compounds were Estado de México (US$1.37M).

In 2023, the countries with the most international purchases from Mexico were Brazil (US$779k), Argentina (US$92.1k), Guatemala (US$81.7k), Uruguay (US$65.4k), and Paraguay (US$61.9k).

International Purchases

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Ciudad de México: US$62.8M, State with the Most International Purchases (2023)

United States: US$105M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Nitrile-Function Compounds were Ciudad de México (US$62.8M), Jalisco (US$52.1M), Tamaulipas (US$27.9M), Estado de México (US$24.5M), and Guanajuato (US$4.35M).

The countries with the most international sales to Mexico in 2023 were United States (US$105M), China (US$19.9M), Brazil (US$14.2M), South Korea (US$12.6M), and India (US$10.5M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Nitrile-Function Compounds  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Nitrile-Function Compounds. 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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  • 0.16%, Mexican share in global exports - 2022
  • 3.16%, Mexican share in global imports - 2022

The visualizations show the global market for Nitrile-Function Compounds. 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 Nitrile-Function Compounds were China (US$1.86B), United States (US$923M), and Germany (US$636M). In the same year, the main importing countries for Nitrile-Function Compounds were India (US$746M), United States (US$521M), and Brazil (US$474M).