Refined Copper and Copper Alloys
Código 7403 (Harmonized System 2012 by 4 digits)
2023: US$1.83B, Total Trade Exchange
2023: US$411M, International Sales
2023: US$1.42B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Refined Copper and Copper Alloys was US$1.83B.
In 2023, the states with the most international sales in Refined Copper and Copper Alloys were Puebla (US$150M), Sonora (US$139M), Nuevo León (US$71.4M), Coahuila de Zaragoza (US$26.2M), and San Luis Potosí (US$13.4M).
The states with the most international purchases in 2023 were Ciudad de México (US$1.1B), Baja California (US$122M), Nuevo León (US$86.5M), Estado de México (US$56.8M), and Tamaulipas (US$10.8M).
In 2023, the main commercial destinations of Refined Copper and Copper Alloys were China (US$164M), United States (US$125M), Panama (US$67M), Vietnam (US$39.3M), and Singapore (US$4.84M).
The main commercial origins of Refined Copper and Copper Alloys in 2023 were United States (US$624M), Peru (US$389M), Chile (US$368M), Canada (US$1.63M), and Spain (US$1.09M).
In the global context, the main exporting countries of Refined Copper and Copper Alloys in 2022 were Chile (US$18.7B), Democratic Republic of the Congo (US$16.8B), and Russia (US$6.58B). In the same year, the main importing countries of Refined Copper and Copper Alloys were China (US$35.1B), United States (US$6.46B), and Germany (US$5.61B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.83B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Refined Copper and Copper Alloys in Mexico (including international purchases and sales) was US$1.83B.
The visualizations show the net balance of Refined Copper and Copper Alloys 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$148M, International Purchases
- US$8.1M, International Sales
In July 2024, international sales of Refined Copper and Copper Alloys were US$8.1M, while international purchases reached US$148M. The above results in a trade balance of -US$140M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionPuebla: US$150M, State with the Most International Sales (2023)
China: US$164M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Refined Copper and Copper Alloys were Puebla (US$150M), Sonora (US$139M), Nuevo León (US$71.4M), Coahuila de Zaragoza (US$26.2M), and San Luis Potosí (US$13.4M).
In 2023, the countries with the most international purchases from Mexico were China (US$164M), United States (US$125M), Panama (US$67M), Vietnam (US$39.3M), and Singapore (US$4.84M).
International Purchases
#permalink to sectionCiudad de México: US$1.1B, State with the Most International Purchases (2023)
United States: US$624M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Refined Copper and Copper Alloys were Ciudad de México (US$1.1B), Baja California (US$122M), Nuevo León (US$86.5M), Estado de México (US$56.8M), and Tamaulipas (US$10.8M).
The countries with the most international sales to Mexico in 2023 were United States (US$624M), Peru (US$389M), Chile (US$368M), Canada (US$1.63M), and Spain (US$1.09M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Refined Copper and Copper Alloys and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Refined Copper and Copper Alloys. 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- 0.97%, Mexican share in global exports - 2022
- 0.64%, Mexican share in global imports - 2022
The visualizations show the global market for Refined Copper and Copper Alloys. 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 Refined Copper and Copper Alloys were Chile (US$18.7B), Democratic Republic of the Congo (US$16.8B), and Russia (US$6.58B). In the same year, the main importing countries for Refined Copper and Copper Alloys were China (US$35.1B), United States (US$6.46B), and Germany (US$5.61B).