Silk
Code 50 (Harmonized System 2012 by 2 digits)
2023: US$4.67M, Total Trade Exchange
2023: US$3.46M, International Sales
2023: US$1.21M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Silk was US$4.67M.
In 2022, the states with the most international sales in Silk were Baja California (US$219k) and Ciudad de México (US$3.94k).
The states with the most international purchases in 2023 were Ciudad de México (US$671k) and Estado de México (US$70.4k).
In 2022, the main commercial destinations of Silk were United States (US$218k), Italy (US$2.14k), Chile (US$1.79k), Hong Kong (US$986), and Cuba (US$4).
The main commercial origins of Silk in 2023 were South Korea (US$274k), Italy (US$161k), China (US$153k), Brazil (US$45.8k), and Taiwan (Republic of China) (US$40.9k).
In the global context, the main exporting countries of Silk in 2022 were China (US$817M), Italy (US$261M), and Vietnam (US$156M). In the same year, the main importing countries of Silk were Italy (US$323M), India (US$280M), and France (US$106M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.67M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Silk in Mexico (including international purchases and sales) was US$4.67M.
The visualizations show the net balance of Silk 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$112k, International Sales
- US$287k, International Purchases
In July 2024, international sales of Silk were US$112k and a total of US$287k in international purchases. For this month the net trade balance of Silk it was of -US$175k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$219k, State with the Most International Sales (2022)
United States: US$218k, Main commercial destination (2022)
In 2022, the states with the highest international sales in Silk were Baja California (US$219k) and Ciudad de México (US$3.94k).
In 2022, the countries with the most international purchases from Mexico were United States (US$218k), Italy (US$2.14k), Chile (US$1.79k), Hong Kong (US$986), and Cuba (US$4).
International Purchases
#permalink to sectionCiudad de México: US$671k, State with the Most International Purchases (2023)
South Korea: US$274k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Silk were Ciudad de México (US$671k) and Estado de México (US$70.4k).
The countries with the most international sales to Mexico in 2023 were South Korea (US$274k), Italy (US$161k), China (US$153k), Brazil (US$45.8k), and Taiwan (Republic of China) (US$40.9k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Silk and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Silk. 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- 0.11%, Mexican share in global exports - 2022
- 0.098%, Mexican share in global imports - 2022
The visualizations show the global market for Silk. 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 Silk were China (US$817M), Italy (US$261M), and Vietnam (US$156M). In the same year, the main importing countries for Silk were Italy (US$323M), India (US$280M), and France (US$106M).