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
#permalink to sectionNet Trade Balance
#permalink to sectionUS$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
#permalink to sectionJuly, 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
#permalink to section2024-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
#permalink to sectionInternational Sales
#permalink to sectionEstado 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
#permalink to sectionCiudad 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
#permalink to sectionSpecialization by State
#permalink to sectionThe 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 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).