ProceduresGovernment

Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite

Código 2104 (Harmonized System 2012 by 4 digits)

 2023: US$603M, Total Trade Exchange

2023: US$117M, International Sales

  2023: US$487M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite was US$603M.

In 2023, the states with the most international sales in Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were Estado de México (US$110M), Querétaro (US$3.01M), Ciudad de México (US$2.65M), Jalisco (US$354k), and Guanajuato (US$45.1k).

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; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were United States (US$82.9M), Guatemala (US$17.4M), Panama (US$4.57M), Puerto Rico (US$2.77M), and Canada (US$2.63M).

The main commercial origins of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite 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; Soups, Broths, Preparations; Edible Preparations Homogenised Composite in 2022 were United States (US$660M), Germany (US$210M), and Canada (US$195M). In the same year, the main importing countries of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were United States (US$471M), Canada (US$308M), and Mexico (US$304M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$603M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite in Mexico (including international purchases and sales) was US$603M.

The visualizations show the net balance of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite 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 section

July, 2024

  • US$48.7M, International Purchases
  • US$11.8M, International Sales

In July 2024, international sales of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were US$11.8M, while international purchases reached US$48.7M. The above results in a trade balance of -US$36.9M.

Market Concentration

#permalink to section

2024-Q3: US$11.6M, International Sales

The visualization shows the quarterly concentration of international sales of Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite at state level.

In the third quarter of 2024, international sales were US$11.6M, being the states with the most sales Estado de México (US$11.2M), Ciudad de México (US$271k), and Jalisco (US$131k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

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

United States: US$82.9M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were Estado de México (US$110M), Querétaro (US$3.01M), Ciudad de México (US$2.65M), Jalisco (US$354k), and Guanajuato (US$45.1k).

In 2023, the countries with the most international purchases from Mexico were United States (US$82.9M), Guatemala (US$17.4M), Panama (US$4.57M), Puerto Rico (US$2.77M), and Canada (US$2.63M).

International Purchases

#permalink to section

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; Soups, Broths, Preparations; Edible Preparations Homogenised Composite 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

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite  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; Soups, Broths, Preparations; Edible Preparations Homogenised Composite. 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

#permalink to section

  • 2.9%, Mexican share in global exports - 2022
  • 7.92%, Mexican share in global imports - 2022

The visualizations show the global market for Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite. 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; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were United States (US$660M), Germany (US$210M), and Canada (US$195M). In the same year, the main importing countries for Preparations for Soups and Broths; Soups, Broths, Preparations; Edible Preparations Homogenised Composite were United States (US$471M), Canada (US$308M), and Mexico (US$304M).