Organic Chemicals
Code 29 (Harmonized System 2012 by 2 digits)
2023: US$12.9B, Total Trade Exchange
2023: US$1.86B, International Sales
2023: US$11B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Organic Chemicals was US$12.9B.
In 2023, the states with the most international sales in Organic Chemicals were Nuevo León (US$484M), Ciudad de México (US$428M), Morelos (US$327M), Estado de México (US$254M), and Veracruz de Ignacio de la Llave (US$175M).
The states with the most international purchases in 2023 were Ciudad de México (US$5.12B), Estado de México (US$1.37B), Nuevo León (US$1.06B), Tamaulipas (US$1.05B), and Jalisco (US$828M).
In 2023, the main commercial destinations of Organic Chemicals were United States (US$585M), Belgium (US$209M), Brazil (US$208M), Spain (US$163M), and Germany (US$78.6M).
The main commercial origins of Organic Chemicals in 2023 were United States (US$6.46B), China (US$1.79B), India (US$551M), Germany (US$332M), and South Korea (US$184M).
In the global context, the main exporting countries of Organic Chemicals in 2022 were China (US$115B), United States (US$51.9B), and Ireland (US$44B). In the same year, the main importing countries of Organic Chemicals were United States (US$71.6B), China (US$53.9B), and Germany (US$48.2B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$12.9B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Organic Chemicals in Mexico (including international purchases and sales) was US$12.9B.
The visualizations show the net balance of Organic Chemicals 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 sectionNovember, 2024
- US$131M, International Sales
- US$870M, International Purchases
In November 2024, international sales of Organic Chemicals were US$131M and a total of US$870M in international purchases. For this month the net trade balance of Organic Chemicals it was of -US$740M.
Market Concentration
#permalink to section2024-Q4: US$302M, International Sales
The visualization shows the quarterly concentration of international sales of Organic Chemicals at state level.
In the fourth quarter of 2024, international sales were US$302M, being the states with the most sales Ciudad de México (US$74.7M), Nuevo León (US$74.2M), and Veracruz de Ignacio de la Llave (US$40.6M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$484M, State with the Most International Sales (2023)
United States: US$585M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Organic Chemicals were Nuevo León (US$484M), Ciudad de México (US$428M), Morelos (US$327M), Estado de México (US$254M), and Veracruz de Ignacio de la Llave (US$175M).
In 2023, the countries with the most international purchases from Mexico were United States (US$585M), Belgium (US$209M), Brazil (US$208M), Spain (US$163M), and Germany (US$78.6M).
International Purchases
#permalink to sectionCiudad de México: US$5.12B, State with the Most International Purchases (2023)
United States: US$6.46B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Organic Chemicals were Ciudad de México (US$5.12B), Estado de México (US$1.37B), Nuevo León (US$1.06B), Tamaulipas (US$1.05B), and Jalisco (US$828M).
The countries with the most international sales to Mexico in 2023 were United States (US$6.46B), China (US$1.79B), India (US$551M), Germany (US$332M), and South Korea (US$184M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Organic Chemicals and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Organic Chemicals. 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- 0.42%, Mexican share in global exports - 2022
- 2.1%, Mexican share in global imports - 2022
The visualizations show the global market for Organic Chemicals. 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 Organic Chemicals were China (US$115B), United States (US$51.9B), and Ireland (US$44B). In the same year, the main importing countries for Organic Chemicals were United States (US$71.6B), China (US$53.9B), and Germany (US$48.2B).