Pipe Fittings, Nickel
Código 750720 (Harmonized System 2012 by 6 digits)
2023: US$11M, Total Trade Exchange
2023: US$3.57M, International Sales
2023: US$7.4M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Pipe Fittings, Nickel was US$11M.
In 2023, the states with the most international sales in Pipe Fittings, Nickel were Ciudad de México (US$3.01M), Nuevo León (US$125k), and Estado de México (US$2.62k).
The states with the most international purchases in 2023 were Ciudad de México (US$4.31M), Chihuahua (US$1.4M), Nuevo León (US$583k), Veracruz de Ignacio de la Llave (US$487k), and Estado de México (US$318k).
In 2023, the main commercial destinations of Pipe Fittings, Nickel were United States (US$3.1M), Singapore (US$25.1k), Argentina (US$9.19k), Saudi Arabia (US$2.65k), and Netherlands (US$425).
The main commercial origins of Pipe Fittings, Nickel in 2023 were United States (US$4.67M), Canada (US$2.16M), China (US$116k), United Arab Emirates (US$92.7k), and United Kingdom (US$66.8k).
In the global context, the main exporting countries of Pipe Fittings, Nickel in 2022 were United States (US$51.4M), Canada (US$37.9M), and Italy (US$36.9M). In the same year, the main importing countries of Pipe Fittings, Nickel were United States (US$55.7M), Canada (US$16.9M), and China (US$14.7M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$11M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Pipe Fittings, Nickel in Mexico (including international purchases and sales) was US$11M.
The visualizations show the net balance of Pipe Fittings, Nickel 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$890k, International Purchases
- US$507k, International Sales
In July 2024, international sales of Pipe Fittings, Nickel were US$507k, while international purchases reached US$890k. The above results in a trade balance of -US$384k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$3.01M, State with the Most International Sales (2023)
United States: US$3.1M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Pipe Fittings, Nickel were Ciudad de México (US$3.01M), Nuevo León (US$125k), and Estado de México (US$2.62k).
In 2023, the countries with the most international purchases from Mexico were United States (US$3.1M), Singapore (US$25.1k), Argentina (US$9.19k), Saudi Arabia (US$2.65k), and Netherlands (US$425).
International Purchases
#permalink to sectionCiudad de México: US$4.31M, State with the Most International Purchases (2023)
United States: US$4.67M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Pipe Fittings, Nickel were Ciudad de México (US$4.31M), Chihuahua (US$1.4M), Nuevo León (US$583k), Veracruz de Ignacio de la Llave (US$487k), and Estado de México (US$318k).
The countries with the most international sales to Mexico in 2023 were United States (US$4.67M), Canada (US$2.16M), China (US$116k), United Arab Emirates (US$92.7k), and United Kingdom (US$66.8k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Pipe Fittings, Nickel and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Pipe Fittings, Nickel. 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- 0.75%, Mexican share in global exports - 2022
- 1.97%, Mexican share in global imports - 2022
The visualizations show the global market for Pipe Fittings, Nickel. 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 Pipe Fittings, Nickel were United States (US$51.4M), Canada (US$37.9M), and Italy (US$36.9M). In the same year, the main importing countries for Pipe Fittings, Nickel were United States (US$55.7M), Canada (US$16.9M), and China (US$14.7M).