ProceduresGovernment

Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers

Código 3814 (Harmonized System 2012 by 4 digits)

 2023: US$742M, Total Trade Exchange

2023: US$9.24M, International Sales

  2023: US$732M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers was US$742M.

In 2023, the states with the most international sales in Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were Estado de México (US$3.84M), Ciudad de México (US$2.05M), Baja California (US$1.28M), Querétaro (US$587k), and Nuevo León (US$400k).

The states with the most international purchases in 2023 were Ciudad de México (US$645M), Querétaro (US$20.5M), Estado de México (US$13.4M), Nuevo León (US$12.8M), and Baja California (US$8.86M).

In 2023, the main commercial destinations of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were Guatemala (US$1.92M), United States (US$1.66M), Nicaragua (US$1.39M), Costa Rica (US$719k), and El Salvador (US$688k).

The main commercial origins of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers in 2023 were United States (US$698M), Japan (US$18.5M), Germany (US$5.77M), China (US$1.43M), and United Kingdom (US$1.22M).

In the global context, the main exporting countries of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers in 2022 were United States (US$312M), Germany (US$308M), and Italy (US$180M). In the same year, the main importing countries of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were China (US$112M), Mexico (US$101M), and Vietnam (US$98.8M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$742M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers in Mexico (including international purchases and sales) was US$742M.

The visualizations show the net balance of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers 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 section

July, 2024

  • US$7.19M, International Purchases
  • US$347k, International Sales

In July 2024, international sales of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were US$347k, while international purchases reached US$7.19M. The above results in a trade balance of -US$6.85M.

Market Concentration

#permalink to section

2024-Q3: US$274k, International Sales

The visualization shows the quarterly concentration of international sales of Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers at state level.

In the third quarter of 2024, international sales were US$274k, being the states with the most sales Estado de México (US$150k), Ciudad de México (US$69.3k), and Guanajuato (US$15.5k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Estado de México: US$3.84M, State with the Most International Sales (2023)

Guatemala: US$1.92M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were Estado de México (US$3.84M), Ciudad de México (US$2.05M), Baja California (US$1.28M), Querétaro (US$587k), and Nuevo León (US$400k).

In 2023, the countries with the most international purchases from Mexico were Guatemala (US$1.92M), United States (US$1.66M), Nicaragua (US$1.39M), Costa Rica (US$719k), and El Salvador (US$688k).

International Purchases

#permalink to section

Ciudad de México: US$645M, State with the Most International Purchases (2023)

United States: US$698M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were Ciudad de México (US$645M), Querétaro (US$20.5M), Estado de México (US$13.4M), Nuevo León (US$12.8M), and Baja California (US$8.86M).

The countries with the most international sales to Mexico in 2023 were United States (US$698M), Japan (US$18.5M), Germany (US$5.77M), China (US$1.43M), and United Kingdom (US$1.22M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers. 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

#permalink to section

  • 0.44%, Mexican share in global exports - 2022
  • 4.16%, Mexican share in global imports - 2022

The visualizations show the global market for Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers. 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 Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were United States (US$312M), Germany (US$308M), and Italy (US$180M). In the same year, the main importing countries for Solvents and Diluents Organic Compounds Keyboard, Included Elsewhere; Preparations for Paint or Varnish Removers were China (US$112M), Mexico (US$101M), and Vietnam (US$98.8M).