Soaps, Lubricants, Waxes, Candles, Modelling Pastes
Code 34 (Harmonized System 2012 by 2 digits)
2023: US$2.95B, Total Trade Exchange
2023: US$1.43B, International Sales
2023: US$1.52B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Soaps, Lubricants, Waxes, Candles, Modelling Pastes was US$2.95B.
In 2023, the states with the most international sales in Soaps, Lubricants, Waxes, Candles, Modelling Pastes were Estado de México (US$594M), Guanajuato (US$277M), Ciudad de México (US$234M), Nuevo León (US$149M), and Jalisco (US$71M).
The states with the most international purchases in 2023 were Ciudad de México (US$582M), Estado de México (US$338M), Nuevo León (US$122M), Querétaro (US$79M), and Guanajuato (US$61.5M).
In 2023, the main commercial destinations of Soaps, Lubricants, Waxes, Candles, Modelling Pastes were United States (US$996M), Guatemala (US$75.9M), Colombia (US$37.2M), Brazil (US$29.4M), and Costa Rica (US$29M).
The main commercial origins of Soaps, Lubricants, Waxes, Candles, Modelling Pastes in 2023 were United States (US$984M), Germany (US$143M), China (US$84.4M), France (US$33.7M), and Italy (US$32.5M).
In the global context, the main exporting countries of Soaps, Lubricants, Waxes, Candles, Modelling Pastes in 2022 were Germany (US$9.64B), United States (US$8.79B), and China (US$7.13B). In the same year, the main importing countries of Soaps, Lubricants, Waxes, Candles, Modelling Pastes were United States (US$5.85B), China (US$5.47B), and Germany (US$5.43B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.95B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Soaps, Lubricants, Waxes, Candles, Modelling Pastes in Mexico (including international purchases and sales) was US$2.95B.
The visualizations show the net balance of Soaps, Lubricants, Waxes, Candles, Modelling Pastes 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$124M, International Sales
- US$131M, International Purchases
In July 2024, international sales of Soaps, Lubricants, Waxes, Candles, Modelling Pastes were US$124M and a total of US$131M in international purchases. For this month the net trade balance of Soaps, Lubricants, Waxes, Candles, Modelling Pastes it was of -US$7.21M.
Market Concentration
#permalink to section2024-Q3: US$123M, International Sales
The visualization shows the quarterly concentration of international sales of Soaps, Lubricants, Waxes, Candles, Modelling Pastes at state level.
In the third quarter of 2024, international sales were US$123M, being the states with the most sales Estado de México (US$54.9M), Ciudad de México (US$19.4M), and Guanajuato (US$18.5M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$594M, State with the Most International Sales (2023)
United States: US$996M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Soaps, Lubricants, Waxes, Candles, Modelling Pastes were Estado de México (US$594M), Guanajuato (US$277M), Ciudad de México (US$234M), Nuevo León (US$149M), and Jalisco (US$71M).
In 2023, the countries with the most international purchases from Mexico were United States (US$996M), Guatemala (US$75.9M), Colombia (US$37.2M), Brazil (US$29.4M), and Costa Rica (US$29M).
International Purchases
#permalink to sectionCiudad de México: US$582M, State with the Most International Purchases (2023)
United States: US$984M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Soaps, Lubricants, Waxes, Candles, Modelling Pastes were Ciudad de México (US$582M), Estado de México (US$338M), Nuevo León (US$122M), Querétaro (US$79M), and Guanajuato (US$61.5M).
The countries with the most international sales to Mexico in 2023 were United States (US$984M), Germany (US$143M), China (US$84.4M), France (US$33.7M), and Italy (US$32.5M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Soaps, Lubricants, Waxes, Candles, Modelling Pastes and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Soaps, Lubricants, Waxes, Candles, Modelling Pastes. 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- 1.92%, Mexican share in global exports - 2022
- 1.67%, Mexican share in global imports - 2022
The visualizations show the global market for Soaps, Lubricants, Waxes, Candles, Modelling Pastes. 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 Soaps, Lubricants, Waxes, Candles, Modelling Pastes were Germany (US$9.64B), United States (US$8.79B), and China (US$7.13B). In the same year, the main importing countries for Soaps, Lubricants, Waxes, Candles, Modelling Pastes were United States (US$5.85B), China (US$5.47B), and Germany (US$5.43B).