Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders)
Código 710691 (Harmonized System 2012 by 6 digits)
2023: US$2.53B, Total Trade Exchange
2023: US$2.52B, International Sales
2023: US$12M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) was US$2.53B.
In 2023, the states with the most international sales in Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were Ciudad de México (US$336M), Sonora (US$174M), and Yucatán (US$733k).
The states with the most international purchases in 2023 were Yucatán (US$2.63M), Chihuahua (US$1.77M), Tamaulipas (US$561k), Ciudad de México (US$362k), and Nuevo León (US$303k).
In 2023, the main commercial destinations of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were United States (US$506M), Switzerland (US$2.2M), Italy (US$1.46M), and Canada (US$225k).
The main commercial origins of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) in 2023 were United States (US$4.06M), Canada (US$975k), Italy (US$603k), China (US$316k), and Japan (US$9.74k).
In the global context, the main exporting countries of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) in 2022 were China (US$2.88B), Mexico (US$2.49B), and Switzerland (US$1.65B). In the same year, the main importing countries of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were United States (US$4.93B), Hong Kong (US$2.49B), and Canada (US$2.45B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.53B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) in Mexico (including international purchases and sales) was US$2.53B.
The visualizations show the net balance of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) 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 sectionNovember, 2024
- US$1.35M, International Purchases
- US$276M, International Sales
In November 2024, international sales of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were US$276M, while international purchases reached US$1.35M. The above results in a trade balance of US$275M.
Market Concentration
#permalink to section2024-Q4: US$41.2M, International Sales
The visualization shows the quarterly concentration of international sales of Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) at state level.
In the fourth quarter of 2024, international sales were US$41.2M, being the states with the most sales Ciudad de México (US$41.2M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$336M, State with the Most International Sales (2023)
United States: US$506M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were Ciudad de México (US$336M), Sonora (US$174M), and Yucatán (US$733k).
In 2023, the countries with the most international purchases from Mexico were United States (US$506M), Switzerland (US$2.2M), Italy (US$1.46M), and Canada (US$225k).
International Purchases
#permalink to sectionYucatán: US$2.63M, State with the Most International Purchases (2023)
United States: US$4.06M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were Yucatán (US$2.63M), Chihuahua (US$1.77M), Tamaulipas (US$561k), Ciudad de México (US$362k), and Nuevo León (US$303k).
The countries with the most international sales to Mexico in 2023 were United States (US$4.06M), Canada (US$975k), Italy (US$603k), China (US$316k), and Japan (US$9.74k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders). 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- 11.7%, Mexican share in global exports - 2022
- 0.22%, Mexican share in global imports - 2022
The visualizations show the global market for Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders). 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 Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were China (US$2.88B), Mexico (US$2.49B), and Switzerland (US$1.65B). In the same year, the main importing countries for Silver, Incl. Silver Plated with Gold or Platinum, Unwrought (Excl. Powders) were United States (US$4.93B), Hong Kong (US$2.49B), and Canada (US$2.45B).