ProceduresGovernment

Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm

Código 740811 (Harmonized System 2012 by 6 digits)

 2023: US$1.33B, Total Trade Exchange

2023: US$221M, International Sales

  2023: US$1.11B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm was US$1.33B.

In 2023, the states with the most international sales in Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were Sonora (US$154M), Nuevo León (US$15.3M), Ciudad de México (US$1.75M), Chihuahua (US$661k), and Tamaulipas (US$335).

The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$278M), Nuevo León (US$206M), Chihuahua (US$136M), Sonora (US$69.1M), and Durango (US$64.9M).

In 2023, the main commercial destinations of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were United States (US$128M), Nicaragua (US$39.6M), Venezuela (US$3.63M), Hong Kong (US$188k), and Colombia (US$27.6k).

The main commercial origins of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm in 2023 were United States (US$796M), Spain (US$22.6M), Peru (US$7.81M), Chile (US$2.83M), and Turkey (US$2.67M).

In the global context, the main exporting countries of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm in 2022 were United Arab Emirates (US$3.01B), Germany (US$2.68B), and Belgium (US$1.54B). In the same year, the main importing countries of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were United States (US$1.75B), Mexico (US$1.01B), and Saudi Arabia (US$975M).

Trade Balance of Mexico

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Net Trade Balance

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US$1.33B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm in Mexico (including international purchases and sales) was US$1.33B.

The visualizations show the net balance of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm 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$99.9M, International Purchases
  • US$18.1M, International Sales

In July 2024, international sales of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were US$18.1M, while international purchases reached US$99.9M. The above results in a trade balance of -US$81.8M.

Market Concentration

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2024-Q3: US$1.06M, International Sales

The visualization shows the quarterly concentration of international sales of Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm at state level.

In the third quarter of 2024, international sales were US$1.06M, being the states with the most sales Nuevo León (US$1.06M).

Exchange by Territory

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International Sales

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Sonora: US$154M, State with the Most International Sales (2023)

United States: US$128M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were Sonora (US$154M), Nuevo León (US$15.3M), Ciudad de México (US$1.75M), Chihuahua (US$661k), and Tamaulipas (US$335).

In 2023, the countries with the most international purchases from Mexico were United States (US$128M), Nicaragua (US$39.6M), Venezuela (US$3.63M), Hong Kong (US$188k), and Colombia (US$27.6k).

International Purchases

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Coahuila de Zaragoza: US$278M, State with the Most International Purchases (2023)

United States: US$796M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were Coahuila de Zaragoza (US$278M), Nuevo León (US$206M), Chihuahua (US$136M), Sonora (US$69.1M), and Durango (US$64.9M).

The countries with the most international sales to Mexico in 2023 were United States (US$796M), Spain (US$22.6M), Peru (US$7.81M), Chile (US$2.83M), and Turkey (US$2.67M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm. 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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  • 0.5%, Mexican share in global exports - 2022
  • 5.18%, Mexican share in global imports - 2022

The visualizations show the global market for Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm. 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 Wire, with the Largest Dimension of the Cross Section> 6 Mm were United Arab Emirates (US$3.01B), Germany (US$2.68B), and Belgium (US$1.54B). In the same year, the main importing countries for Refined Copper Wire, with the Largest Dimension of the Cross Section> 6 Mm were United States (US$1.75B), Mexico (US$1.01B), and Saudi Arabia (US$975M).