Plastics and Rubbers
Code 7 (Harmonized System 2012 by Sector)
2023: US$55.8B, Total Trade Exchange
2023: US$16.4B, International Sales
2023: US$39.4B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Plastics and Rubbers was US$55.8B.
In 2023, the states with the most international sales in Plastics and Rubbers were Ciudad de México (US$2.22B), Tamaulipas (US$1.87B), Nuevo León (US$1.8B), Baja California (US$1.7B), and Chihuahua (US$1.44B).
The states with the most international purchases in 2023 were Ciudad de México (US$8.06B), Baja California (US$4.54B), Nuevo León (US$4.23B), Chihuahua (US$3.66B), and Estado de México (US$2.8B).
In 2023, the main commercial destinations of Plastics and Rubbers were United States (US$13.6B), Canada (US$243M), Guatemala (US$231M), Brazil (US$176M), and Nicaragua (US$153M).
The main commercial origins of Plastics and Rubbers in 2023 were United States (US$23B), China (US$5.68B), South Korea (US$1.56B), Germany (US$1.42B), and Japan (US$1.07B).
In the global context, the main exporting countries of Plastics and Rubbers in 2022 were China (US$174B), United States (US$99B), and Germany (US$96.8B). In the same year, the main importing countries of Plastics and Rubbers were United States (US$128B), China (US$88.7B), and Germany (US$70.2B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$55.8B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Plastics and Rubbers in Mexico (including international purchases and sales) was US$55.8B.
The visualizations show the net balance of Plastics and Rubbers 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$1.5B, International Sales
- US$3.64B, International Purchases
In July 2024, international sales of Plastics and Rubbers were US$1.5B and a total of US$3.64B in international purchases. For this month the net trade balance of Plastics and Rubbers it was of -US$2.13B.
Market Concentration
#permalink to section2024-Q3: US$1.5B, International Sales
The visualization shows the quarterly concentration of international sales of Plastics and Rubbers at state level.
In the third quarter of 2024, international sales were US$1.5B, being the states with the most sales Ciudad de México (US$193M), Baja California (US$174M), and Nuevo León (US$171M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$2.22B, State with the Most International Sales (2023)
United States: US$13.6B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Plastics and Rubbers were Ciudad de México (US$2.22B), Tamaulipas (US$1.87B), Nuevo León (US$1.8B), Baja California (US$1.7B), and Chihuahua (US$1.44B).
In 2023, the countries with the most international purchases from Mexico were United States (US$13.6B), Canada (US$243M), Guatemala (US$231M), Brazil (US$176M), and Nicaragua (US$153M).
International Purchases
#permalink to sectionCiudad de México: US$8.06B, State with the Most International Purchases (2023)
United States: US$23B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Plastics and Rubbers were Ciudad de México (US$8.06B), Baja California (US$4.54B), Nuevo León (US$4.23B), Chihuahua (US$3.66B), and Estado de México (US$2.8B).
The countries with the most international sales to Mexico in 2023 were United States (US$23B), China (US$5.68B), South Korea (US$1.56B), Germany (US$1.42B), and Japan (US$1.07B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Plastics and Rubbers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Plastics and Rubbers. 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- 1.61%, Mexican share in global exports - 2022
- 3.68%, Mexican share in global imports - 2022
The visualizations show the global market for Plastics and Rubbers. 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 Plastics and Rubbers were China (US$174B), United States (US$99B), and Germany (US$96.8B). In the same year, the main importing countries for Plastics and Rubbers were United States (US$128B), China (US$88.7B), and Germany (US$70.2B).