ProceduresGovernment

Preparations for Soups and Broths

Código 210410 (Harmonized System 2012 by 6 digits)

 2023: US$601M, Total Trade Exchange

2023: US$114M, International Sales

  2023: US$487M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Preparations for Soups and Broths was US$601M.

In 2023, the states with the most international sales in Preparations for Soups and Broths were Estado de México (US$110M), Querétaro (US$3.01M), Baja California (US$610k), Jalisco (US$352k), and Ciudad de México (US$170k).

The states with the most international purchases in 2023 were Ciudad de México (US$456M), Estado de México (US$19M), Nuevo León (US$2.64M), Baja California (US$2.54M), and Chihuahua (US$2.35M).

In 2023, the main commercial destinations of Preparations for Soups and Broths were United States (US$81.4M), Guatemala (US$17.4M), Panama (US$4.57M), Puerto Rico (US$2.77M), and Canada (US$2.24M).

The main commercial origins of Preparations for Soups and Broths in 2023 were United States (US$455M), Guatemala (US$17M), South Korea (US$4.48M), Germany (US$2.98M), and Belgium (US$2.08M).

In the global context, the main exporting countries of Preparations for Soups and Broths in 2022 were United States (US$638M), Canada (US$178M), and Senegal (US$161M). In the same year, the main importing countries of Preparations for Soups and Broths were United States (US$417M), Mexico (US$304M), and Canada (US$292M).

Trade Balance of Mexico

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Net Trade Balance

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US$601M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Preparations for Soups and Broths in Mexico (including international purchases and sales) was US$601M.

The visualizations show the net balance of Preparations for Soups and Broths 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$48.7M, International Purchases
  • US$11.6M, International Sales

In July 2024, international sales of Preparations for Soups and Broths were US$11.6M, while international purchases reached US$48.7M. The above results in a trade balance of -US$37.1M.

Market Concentration

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2024-Q3: US$11.3M, International Sales

The visualization shows the quarterly concentration of international sales of Preparations for Soups and Broths at state level.

In the third quarter of 2024, international sales were US$11.3M, being the states with the most sales Estado de México (US$11.2M), Jalisco (US$131k), and Ciudad de México (US$7.48k).

Exchange by Territory

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International Sales

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Estado de México: US$110M, State with the Most International Sales (2023)

United States: US$81.4M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Preparations for Soups and Broths were Estado de México (US$110M), Querétaro (US$3.01M), Baja California (US$610k), Jalisco (US$352k), and Ciudad de México (US$170k).

In 2023, the countries with the most international purchases from Mexico were United States (US$81.4M), Guatemala (US$17.4M), Panama (US$4.57M), Puerto Rico (US$2.77M), and Canada (US$2.24M).

International Purchases

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Ciudad de México: US$456M, State with the Most International Purchases (2023)

United States: US$455M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Preparations for Soups and Broths were Ciudad de México (US$456M), Estado de México (US$19M), Nuevo León (US$2.64M), Baja California (US$2.54M), and Chihuahua (US$2.35M).

The countries with the most international sales to Mexico in 2023 were United States (US$455M), Guatemala (US$17M), South Korea (US$4.48M), Germany (US$2.98M), and Belgium (US$2.08M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Preparations for Soups and Broths  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Preparations for Soups and Broths. 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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  • 3.12%, Mexican share in global exports - 2022
  • 9.22%, Mexican share in global imports - 2022

The visualizations show the global market for Preparations for Soups and Broths. 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 Preparations for Soups and Broths were United States (US$638M), Canada (US$178M), and Senegal (US$161M). In the same year, the main importing countries for Preparations for Soups and Broths were United States (US$417M), Mexico (US$304M), and Canada (US$292M).