ProceduresGovernment

Special Yarns; Cordage, Ropes and Cables; Articles Thereof

Code 56 (Harmonized System 2012 by 2 digits)

 2023: US$1.17B, Total Trade Exchange

2023: US$353M, International Sales

  2023: US$818M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Special Yarns; Cordage, Ropes and Cables; Articles Thereof was US$1.17B.

In 2023, the states with the most international sales in Special Yarns; Cordage, Ropes and Cables; Articles Thereof were Estado de México (US$80.9M), Ciudad de México (US$56.7M), Baja California (US$31.9M), Chihuahua (US$31.7M), and Guanajuato (US$29.5M).

The states with the most international purchases in 2023 were Ciudad de México (US$133M), Nuevo León (US$99.6M), Baja California (US$92.6M), Chihuahua (US$83M), and Estado de México (US$62M).

In 2023, the main commercial destinations of Special Yarns; Cordage, Ropes and Cables; Articles Thereof were United States (US$272M), Canada (US$24M), Brazil (US$16.2M), Guatemala (US$8.29M), and Panama (US$5.11M).

The main commercial origins of Special Yarns; Cordage, Ropes and Cables; Articles Thereof in 2023 were United States (US$438M), China (US$167M), Italy (US$38.7M), Germany (US$29.7M), and Japan (US$16.2M).

In the global context, the main exporting countries of Special Yarns; Cordage, Ropes and Cables; Articles Thereof in 2022 were China (US$7.61B), Germany (US$2.7B), and United States (US$2.4B). In the same year, the main importing countries of Special Yarns; Cordage, Ropes and Cables; Articles Thereof were United States (US$3.27B), Germany (US$1.9B), and Japan (US$1.26B).

Trade Balance of Mexico

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Net Trade Balance

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US$1.17B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Special Yarns; Cordage, Ropes and Cables; Articles Thereof in Mexico (including international purchases and sales) was US$1.17B.

The visualizations show the net balance of Special Yarns; Cordage, Ropes and Cables; Articles Thereof 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$28.5M, International Sales
  • US$84.1M, International Purchases

In July 2024, international sales of Special Yarns; Cordage, Ropes and Cables; Articles Thereof were US$28.5M and a total of US$84.1M in international purchases. For this month the net trade balance of Special Yarns; Cordage, Ropes and Cables; Articles Thereof it was of -US$55.6M.

Market Concentration

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2024-Q3: US$28.4M, International Sales

The visualization shows the quarterly concentration of international sales of Special Yarns; Cordage, Ropes and Cables; Articles Thereof at state level.

In the third quarter of 2024, international sales were US$28.4M, being the states with the most sales Estado de México (US$6.27M), Ciudad de México (US$4.19M), and Chihuahua (US$3.6M).

Exchange by Territory

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International Sales

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Estado de México: US$80.9M, State with the Most International Sales (2023)

United States: US$272M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Special Yarns; Cordage, Ropes and Cables; Articles Thereof were Estado de México (US$80.9M), Ciudad de México (US$56.7M), Baja California (US$31.9M), Chihuahua (US$31.7M), and Guanajuato (US$29.5M).

In 2023, the countries with the most international purchases from Mexico were United States (US$272M), Canada (US$24M), Brazil (US$16.2M), Guatemala (US$8.29M), and Panama (US$5.11M).

International Purchases

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Ciudad de México: US$133M, State with the Most International Purchases (2023)

United States: US$438M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Special Yarns; Cordage, Ropes and Cables; Articles Thereof were Ciudad de México (US$133M), Nuevo León (US$99.6M), Baja California (US$92.6M), Chihuahua (US$83M), and Estado de México (US$62M).

The countries with the most international sales to Mexico in 2023 were United States (US$438M), China (US$167M), Italy (US$38.7M), Germany (US$29.7M), and Japan (US$16.2M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Special Yarns; Cordage, Ropes and Cables; Articles Thereof  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Special Yarns; Cordage, Ropes and Cables; Articles Thereof. 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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  • 0.95%, Mexican share in global exports - 2022
  • 2.99%, Mexican share in global imports - 2022

The visualizations show the global market for Special Yarns; Cordage, Ropes and Cables; Articles Thereof. 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 Special Yarns; Cordage, Ropes and Cables; Articles Thereof were China (US$7.61B), Germany (US$2.7B), and United States (US$2.4B). In the same year, the main importing countries for Special Yarns; Cordage, Ropes and Cables; Articles Thereof were United States (US$3.27B), Germany (US$1.9B), and Japan (US$1.26B).