ProceduresGovernment

Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items)

Código 611596 (Harmonized System 2012 by 6 digits)

 2023: US$149M, Total Trade Exchange

2023: US$60.3M, International Sales

  2023: US$88.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) was US$149M.

In 2023, the states with the most international sales in Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were Baja California (US$46.7M), Estado de México (US$3.74M), Jalisco (US$1.32M), Ciudad de México (US$395k), and Chihuahua (US$248k).

The states with the most international purchases in 2023 were Baja California (US$49.1M), Ciudad de México (US$12.3M), Estado de México (US$12.1M), Sinaloa (US$7.76M), and Jalisco (US$2.44M).

In 2023, the main commercial destinations of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were United States (US$46.2M), El Salvador (US$1.94M), Panama (US$1.53M), Guatemala (US$1.5M), and Belize (US$635k).

The main commercial origins of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) in 2023 were China (US$78.7M), United States (US$2.17M), Turkey (US$1.78M), Vietnam (US$1.56M), and Cambodia (US$1.24M).

In the global context, the main exporting countries of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) in 2022 were China (US$3.02B), Turkey (US$240M), and Vietnam (US$149M). In the same year, the main importing countries of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were United States (US$1.82B), Japan (US$465M), and Germany (US$258M).

Trade Balance of Mexico

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Net Trade Balance

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US$149M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) in Mexico (including international purchases and sales) was US$149M.

The visualizations show the net balance of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) 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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November, 2024

  • US$9.15M, International Purchases
  • US$5.06M, International Sales

In November 2024, international sales of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were US$5.06M, while international purchases reached US$9.15M. The above results in a trade balance of -US$4.1M.

Market Concentration

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2024-Q4: US$7.26M, International Sales

The visualization shows the quarterly concentration of international sales of Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) at state level.

In the fourth quarter of 2024, international sales were US$7.26M, being the states with the most sales Baja California (US$6.89M), Jalisco (US$262k), and Estado de México (US$105k).

Exchange by Territory

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International Sales

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Baja California: US$46.7M, State with the Most International Sales (2023)

United States: US$46.2M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were Baja California (US$46.7M), Estado de México (US$3.74M), Jalisco (US$1.32M), Ciudad de México (US$395k), and Chihuahua (US$248k).

In 2023, the countries with the most international purchases from Mexico were United States (US$46.2M), El Salvador (US$1.94M), Panama (US$1.53M), Guatemala (US$1.5M), and Belize (US$635k).

International Purchases

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Baja California: US$49.1M, State with the Most International Purchases (2023)

China: US$78.7M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were Baja California (US$49.1M), Ciudad de México (US$12.3M), Estado de México (US$12.1M), Sinaloa (US$7.76M), and Jalisco (US$2.44M).

The countries with the most international sales to Mexico in 2023 were China (US$78.7M), United States (US$2.17M), Turkey (US$1.78M), Vietnam (US$1.56M), and Cambodia (US$1.24M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items). 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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  • 1%, Mexican share in global exports - 2022
  • 1.67%, Mexican share in global imports - 2022

The visualizations show the global market for Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items). 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 Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were China (US$3.02B), Turkey (US$240M), and Vietnam (US$149M). In the same year, the main importing countries for Socks, Knitted or Crocheted, of Synthetic Fibers (Excl. Hosiery of <67 Decitex Wire Simple and Stockings for Varicose Veins, as well as Baby Items) were United States (US$1.82B), Japan (US$465M), and Germany (US$258M).