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Petroleum Oils and Oils Obtained from Bituminous Minerals Or

Código 2709 (Harmonized System 2012 by 4 digits)

2023: US$27.6B, International Sales

  2022: US$16.1k, International Purchases

In 2023, the states with the most international sales in Petroleum Oils and Oils Obtained from Bituminous Minerals Or were Ciudad de México (US$27.6B).

The states with the most international purchases in 2018 were Ciudad de México (US$74.8M).

In 2015, the main commercial destinations of Petroleum Oils and Oils Obtained from Bituminous Minerals Or were United States (US$11.4B), Spain (US$2.14B), India (US$1.31B), Japan (US$817M), and South Korea (US$777M).

The main commercial origins of Petroleum Oils and Oils Obtained from Bituminous Minerals Or in 2018 were United States (US$74.8M) and South Korea (US$0).

In the global context, the main exporting countries of Petroleum Oils and Oils Obtained from Bituminous Minerals Or in 2022 were Saudi Arabia (US$239B), Russia (US$135B), and Canada (US$124B). In the same year, the main importing countries of Petroleum Oils and Oils Obtained from Bituminous Minerals Or were China (US$315B), United States (US$201B), and India (US$174B).

Trade Balance of Mexico

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Net Trade Balance

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The visualizations show the net balance of Petroleum Oils and Oils Obtained from Bituminous Minerals Or 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$1.9B, International Sales

In July 2024, international sales of Petroleum Oils and Oils Obtained from Bituminous Minerals Or were US$1.9B, while international purchases reached US$0. The above results in a trade balance of US$1.9B.

Market Concentration

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2024-Q3: US$1.9B, International Sales

The visualization shows the quarterly concentration of international sales of Petroleum Oils and Oils Obtained from Bituminous Minerals Or at state level.

In the third quarter of 2024, international sales were US$1.9B, being the states with the most sales Ciudad de México (US$1.9B).

Exchange by Territory

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International Sales

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Ciudad de México: US$27.6B, State with the Most International Sales (2023)

United States: US$11.4B, Main commercial destination (2015)

In 2023, the states with the highest international sales in Petroleum Oils and Oils Obtained from Bituminous Minerals Or were Ciudad de México (US$27.6B).

In 2015, the countries with the most international purchases from Mexico were United States (US$11.4B), Spain (US$2.14B), India (US$1.31B), Japan (US$817M), and South Korea (US$777M).

International Purchases

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Ciudad de México: US$74.8M, State with the Most International Purchases (2018)

United States: US$74.8M, Main Commercial Origin (2018)

In 2018, the states with the highest international in Petroleum Oils and Oils Obtained from Bituminous Minerals Or were Ciudad de México (US$74.8M).

The countries with the most international sales to Mexico in 2018 were United States (US$74.8M) and South Korea (US$0).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Petroleum Oils and Oils Obtained from Bituminous Minerals Or  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Petroleum Oils and Oils Obtained from Bituminous Minerals Or. 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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  • 2.58%, Mexican share in global exports - 2022
  • 0.0000078%, Mexican share in global imports - 2022

The visualizations show the global market for Petroleum Oils and Oils Obtained from Bituminous Minerals Or. 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 Oils and Oils Obtained from Bituminous Minerals Or were Saudi Arabia (US$239B), Russia (US$135B), and Canada (US$124B). In the same year, the main importing countries for Petroleum Oils and Oils Obtained from Bituminous Minerals Or were China (US$315B), United States (US$201B), and India (US$174B).