Precious Metals
Code 14 (Harmonized System 2012 by Sector)
2023: US$10B, Total Trade Exchange
2023: US$8.44B, International Sales
2023: US$1.57B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Precious Metals was US$10B.
In 2023, the states with the most international sales in Precious Metals were Coahuila de Zaragoza (US$3.5B), Ciudad de México (US$1.94B), Sonora (US$1.28B), Chihuahua (US$451M), and Yucatán (US$327M).
The states with the most international purchases in 2023 were Ciudad de México (US$720M), Yucatán (US$327M), Jalisco (US$128M), Baja California (US$124M), and Nuevo León (US$49.8M).
In 2023, the main commercial destinations of Precious Metals were United States (US$5.24B), United Kingdom (US$1.24B), Switzerland (US$1.19B), Canada (US$201M), and India (US$121M).
The main commercial origins of Precious Metals in 2023 were United States (US$527M), Italy (US$234M), Turkey (US$195M), Thailand (US$144M), and India (US$132M).
In the global context, the main exporting countries of Precious Metals in 2022 were Switzerland (US$117B), United States (US$76.2B), and United Arab Emirates (US$62.2B). In the same year, the main importing countries of Precious Metals were Switzerland (US$122B), China (US$98.5B), and United Arab Emirates (US$89.1B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$10B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Precious Metals in Mexico (including international purchases and sales) was US$10B.
The visualizations show the net balance of Precious Metals 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$816M, International Sales
- US$143M, International Purchases
In July 2024, international sales of Precious Metals were US$816M and a total of US$143M in international purchases. For this month the net trade balance of Precious Metals it was of US$673M.
Market Concentration
#permalink to section2024-Q3: US$767M, International Sales
The visualization shows the quarterly concentration of international sales of Precious Metals at state level.
In the third quarter of 2024, international sales were US$767M, being the states with the most sales Coahuila de Zaragoza (US$340M), Ciudad de México (US$230M), and Sonora (US$107M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCoahuila de Zaragoza: US$3.5B, State with the Most International Sales (2023)
United States: US$5.24B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Precious Metals were Coahuila de Zaragoza (US$3.5B), Ciudad de México (US$1.94B), Sonora (US$1.28B), Chihuahua (US$451M), and Yucatán (US$327M).
In 2023, the countries with the most international purchases from Mexico were United States (US$5.24B), United Kingdom (US$1.24B), Switzerland (US$1.19B), Canada (US$201M), and India (US$121M).
International Purchases
#permalink to sectionCiudad de México: US$720M, State with the Most International Purchases (2023)
United States: US$527M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Precious Metals were Ciudad de México (US$720M), Yucatán (US$327M), Jalisco (US$128M), Baja California (US$124M), and Nuevo León (US$49.8M).
The countries with the most international sales to Mexico in 2023 were United States (US$527M), Italy (US$234M), Turkey (US$195M), Thailand (US$144M), and India (US$132M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Precious Metals and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Precious Metals. 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- 1.15%, Mexican share in global exports - 2022
- 0.16%, Mexican share in global imports - 2022
The visualizations show the global market for Precious Metals. 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 Precious Metals were Switzerland (US$117B), United States (US$76.2B), and United Arab Emirates (US$62.2B). In the same year, the main importing countries for Precious Metals were Switzerland (US$122B), China (US$98.5B), and United Arab Emirates (US$89.1B).