Petroleum Bitumen
Código 271320 (Harmonized System 2012 by 6 digits)
2023: US$185M, Total Trade Exchange
2023: US$5.13M, International Sales
2023: US$180M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Petroleum Bitumen was US$185M.
The states with the most international purchases in 2023 were Estado de México (US$2.93M).
The main commercial origins of Petroleum Bitumen in 2023 were United States (US$2.93M).
In the global context, the main exporting countries of Petroleum Bitumen in 2022 were Canada (US$2.72B), Singapore (US$1.59B), and United Arab Emirates (US$1.15B). In the same year, the main importing countries of Petroleum Bitumen were United States (US$2.99B), China (US$1.47B), and India (US$1.16B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$185M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Petroleum Bitumen in Mexico (including international purchases and sales) was US$185M.
The visualizations show the net balance of Petroleum Bitumen 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$11.3M, International Purchases
In July 2024, international sales of Petroleum Bitumen were US$0, while international purchases reached US$11.3M. The above results in a trade balance of -US$11.3M.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionEstado de México: US$2.93M, State with the Most International Purchases (2023)
United States: US$2.93M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Petroleum Bitumen were Estado de México (US$2.93M).
The countries with the most international sales to Mexico in 2023 were United States (US$2.93M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Petroleum Bitumen and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Petroleum Bitumen. 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- 0.00011%, Mexican share in global exports - 2022
- 0.45%, Mexican share in global imports - 2022
The visualizations show the global market for Petroleum Bitumen. 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 Petroleum Bitumen were Canada (US$2.72B), Singapore (US$1.59B), and United Arab Emirates (US$1.15B). In the same year, the main importing countries for Petroleum Bitumen were United States (US$2.99B), China (US$1.47B), and India (US$1.16B).