ProceduresGovernment

Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404)

Código 340510 (Harmonized System 2012 by 6 digits)

 2023: US$12.3M, Total Trade Exchange

2023: US$4.47M, International Sales

  2023: US$7.83M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) was US$12.3M.

In 2023, the states with the most international sales in Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were Estado de México (US$2.61M), Baja California (US$1.54M), Guanajuato (US$234k), Ciudad de México (US$14.3k), and Yucatán (US$3.14k).

The states with the most international purchases in 2023 were Nuevo León (US$3.92M), Guanajuato (US$1.64M), Ciudad de México (US$1.22M), Baja California (US$563k), and Tamaulipas (US$223k).

In 2023, the main commercial destinations of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were United States (US$1.68M), Brazil (US$1.52M), El Salvador (US$332k), Colombia (US$321k), and Nicaragua (US$127k).

The main commercial origins of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) in 2023 were Turkey (US$2.04M), United States (US$1.93M), Spain (US$1.5M), China (US$1.29M), and Italy (US$451k).

In the global context, the main exporting countries of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) in 2022 were China (US$42.6M), Turkey (US$33.2M), and Germany (US$33.1M). In the same year, the main importing countries of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were Germany (US$28.2M), United States (US$18.5M), and Italy (US$16.2M).

Trade Balance of Mexico

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Net Trade Balance

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US$12.3M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) in Mexico (including international purchases and sales) was US$12.3M.

The visualizations show the net balance of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) 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$404k, International Purchases
  • US$189k, International Sales

In July 2024, international sales of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were US$189k, while international purchases reached US$404k. The above results in a trade balance of -US$215k.

Market Concentration

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2024-Q3: US$20.9k, International Sales

The visualization shows the quarterly concentration of international sales of Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) at state level.

In the third quarter of 2024, international sales were US$20.9k, being the states with the most sales Guanajuato (US$20.9k).

Exchange by Territory

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International Sales

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Estado de México: US$2.61M, State with the Most International Sales (2023)

United States: US$1.68M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were Estado de México (US$2.61M), Baja California (US$1.54M), Guanajuato (US$234k), Ciudad de México (US$14.3k), and Yucatán (US$3.14k).

In 2023, the countries with the most international purchases from Mexico were United States (US$1.68M), Brazil (US$1.52M), El Salvador (US$332k), Colombia (US$321k), and Nicaragua (US$127k).

International Purchases

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Nuevo León: US$3.92M, State with the Most International Purchases (2023)

Turkey: US$2.04M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were Nuevo León (US$3.92M), Guanajuato (US$1.64M), Ciudad de México (US$1.22M), Baja California (US$563k), and Tamaulipas (US$223k).

The countries with the most international sales to Mexico in 2023 were Turkey (US$2.04M), United States (US$1.93M), Spain (US$1.5M), China (US$1.29M), and Italy (US$451k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404). 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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  • 1%, Mexican share in global exports - 2022
  • 3.17%, Mexican share in global imports - 2022

The visualizations show the global market for Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404). 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 Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were China (US$42.6M), Turkey (US$33.2M), and Germany (US$33.1M). In the same year, the main importing countries for Polishes, Creams and Similar Preparations. for Footwear or Leather and Leather, Incl. Paper, Wadding, Felt, Nonwovens, Plastic or Cellular Rubber, Impregnated, Coated or Covered with such Preparations (Excl. Artificial and Prepared Waxes Waxes of Heading 3404) were Germany (US$28.2M), United States (US$18.5M), and Italy (US$16.2M).