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Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport

Código 7103 (Harmonized System 2012 by 4 digits)

 2023: US$7.07M, Total Trade Exchange

2023: US$2.31M, International Sales

  2023: US$4.77M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport was US$7.07M.

In 2023, the states with the most international sales in Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were Ciudad de México (US$969k), Jalisco (US$475k), and Yucatán (US$273k).

The states with the most international purchases in 2023 were Yucatán (US$2.68M), Ciudad de México (US$1.23M), Jalisco (US$221k), Quintana Roo (US$122k), and Baja California (US$83.2k).

In 2023, the main commercial destinations of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were China (US$848k), United States (US$637k), United Kingdom (US$61.2k), India (US$52.7k), and Netherlands (US$36.4k).

The main commercial origins of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport in 2023 were Thailand (US$1.16M), United States (US$864k), Brazil (US$832k), India (US$820k), and Israel (US$215k).

In the global context, the main exporting countries of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport in 2022 were Burma (US$4.15B), Thailand (US$1.39B), and United States (US$914M). In the same year, the main importing countries of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were China (US$4.45B), United States (US$1.95B), and Hong Kong (US$1.5B).

Trade Balance of Mexico

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Net Trade Balance

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US$7.07M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport in Mexico (including international purchases and sales) was US$7.07M.

The visualizations show the net balance of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport 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$474k, International Purchases
  • US$114k, International Sales

In July 2024, international sales of Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were US$114k, while international purchases reached US$474k. The above results in a trade balance of -US$359k.

Exchange by Territory

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International Sales

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Ciudad de México: US$969k, State with the Most International Sales (2023)

China: US$848k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were Ciudad de México (US$969k), Jalisco (US$475k), and Yucatán (US$273k).

In 2023, the countries with the most international purchases from Mexico were China (US$848k), United States (US$637k), United Kingdom (US$61.2k), India (US$52.7k), and Netherlands (US$36.4k).

International Purchases

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Yucatán: US$2.68M, State with the Most International Purchases (2023)

Thailand: US$1.16M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were Yucatán (US$2.68M), Ciudad de México (US$1.23M), Jalisco (US$221k), Quintana Roo (US$122k), and Baja California (US$83.2k).

The countries with the most international sales to Mexico in 2023 were Thailand (US$1.16M), United States (US$864k), Brazil (US$832k), India (US$820k), and Israel (US$215k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport. 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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  • 0.05%, Mexican share in global exports - 2022
  • 0.047%, Mexican share in global imports - 2022

The visualizations show the global market for Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport. 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 Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were Burma (US$4.15B), Thailand (US$1.39B), and United States (US$914M). In the same year, the main importing countries for Precious Stones (Other than Diamonds) and Semiprecious Stones, whether or not Worked or Graded but not Strung, Mounted or Set; Precious Stones (Other than Diamonds) and Semiprecious Stones, Ungraded, Temporarily Strung for Easy Transport were China (US$4.45B), United States (US$1.95B), and Hong Kong (US$1.5B).