ProceduresGovernment

Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified

Código 1508 (Harmonized System 2012 by 4 digits)

 2023: US$887k, Total Trade Exchange

2023: US$406k, International Sales

  2023: US$481k, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified was US$887k.

The states with the most international purchases in 2023 were Baja California (US$284k), Jalisco (US$112k), Ciudad de México (US$18.9k), and Estado de México (US$6.75k).

The main commercial origins of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified in 2023 were United States (US$413k), China (US$3.72k), Hong Kong (US$2.64k), France (US$1.25k), and Taiwan (Republic of China) (US$500).

In the global context, the main exporting countries of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified in 2022 were Brazil (US$284M), India (US$147M), and Argentina (US$128M). In the same year, the main importing countries of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified were China (US$467M), Italy (US$72.1M), and United States (US$54.3M).

Trade Balance of Mexico

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Net Trade Balance

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US$887k, Total Trade Exchange (2023)

In 2023, the total trade exchange of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified in Mexico (including international purchases and sales) was US$887k.

The visualizations show the net balance of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified 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$27.6k, International Purchases

In July 2024, international sales of Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified were US$0, while international purchases reached US$27.6k. The above results in a trade balance of -US$27.6k.

Exchange by Territory

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International Purchases

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Baja California: US$284k, State with the Most International Purchases (2023)

United States: US$413k, Main Commercial Origin (2023)

In 2023, the states with the highest international in Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified were Baja California (US$284k), Jalisco (US$112k), Ciudad de México (US$18.9k), and Estado de México (US$6.75k).

The countries with the most international sales to Mexico in 2023 were United States (US$413k), China (US$3.72k), Hong Kong (US$2.64k), France (US$1.25k), and Taiwan (Republic of China) (US$500).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified. 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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  • 0.1%, Mexican share in global exports - 2022
  • 0.041%, Mexican share in global imports - 2022

The visualizations show the global market for Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified. 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 Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified were Brazil (US$284M), India (US$147M), and Argentina (US$128M). In the same year, the main importing countries for Peanut Oil (Groundnut, Peanut) and its Derivatives, Including Refined, but not Chemically Modified were China (US$467M), Italy (US$72.1M), and United States (US$54.3M).