ProceduresGovernment

Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish)

Código 381400 (Harmonized System 2012 by 6 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) was US$742M.

In 2023, the states with the most international sales in Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) were Guatemala (US$1.92M), United States (US$1.68M), Nicaragua (US$1.39M), Costa Rica (US$719k), and El Salvador (US$688k).

The main commercial origins of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) in 2023 were United States (US$698M), Japan (US$18.7M), Germany (US$5.79M), China (US$1.55M), and United Kingdom (US$1.32M).

In the global context, the main exporting countries of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) were China (US$112M), Mexico (US$101M), and Vietnam (US$98.8M).

Trade Balance of Mexico

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Net Trade Balance

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US$742M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) in Mexico (including international purchases and sales) was US$742M.

The visualizations show the net balance of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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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July, 2024

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

In July 2024, international sales of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) were US$347k, while international purchases reached US$7.19M. The above results in a trade balance of -US$6.85M.

Market Concentration

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2024-Q3: US$318k, International Sales

The visualization shows the quarterly concentration of international sales of Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) at state level.

In the third quarter of 2024, international sales were US$318k, being the states with the most sales Estado de México (US$150k), Ciudad de México (US$69.3k), and Baja California (US$39.4k).

Exchange by Territory

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International Sales

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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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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$1.68M), Nicaragua (US$1.39M), Costa Rica (US$719k), and El Salvador (US$688k).

International Purchases

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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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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$18.7M), Germany (US$5.79M), China (US$1.55M), and United Kingdom (US$1.32M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Solvents and Diluents Organic Compounds, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish)  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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish). 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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  • 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish). 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) 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, N.C.O.P .; Preparations for Paint or Varnish Removers (Exc. Solvents Nail Varnish) were China (US$112M), Mexico (US$101M), and Vietnam (US$98.8M).