Sugars and Sugar Confectionery
Code 17 (Harmonized System 2012 by 2 digits)
2023: US$3.85B, Total Trade Exchange
2023: US$2.32B, International Sales
2023: US$1.53B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Sugars and Sugar Confectionery was US$3.85B.
In 2023, the states with the most international sales in Sugars and Sugar Confectionery were Jalisco (US$349M), Chihuahua (US$315M), Veracruz de Ignacio de la Llave (US$280M), San Luis Potosí (US$230M), and Ciudad de México (US$214M).
The states with the most international purchases in 2023 were Jalisco (US$623M), Ciudad de México (US$497M), Estado de México (US$69.5M), Nuevo León (US$64.3M), and Chihuahua (US$57.3M).
In 2023, the main commercial destinations of Sugars and Sugar Confectionery were United States (US$1.97B), Guatemala (US$36.8M), Germany (US$31M), Canada (US$24.2M), and Colombia (US$20.9M).
The main commercial origins of Sugars and Sugar Confectionery in 2023 were United States (US$1.06B), Brazil (US$142M), China (US$85.3M), Guatemala (US$84.2M), and India (US$35.5M).
In the global context, the main exporting countries of Sugars and Sugar Confectionery in 2022 were Brazil (US$12.4B), India (US$6.94B), and Thailand (US$4.31B). In the same year, the main importing countries of Sugars and Sugar Confectionery were United States (US$6.49B), Indonesia (US$3.25B), and China (US$3.22B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.85B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Sugars and Sugar Confectionery in Mexico (including international purchases and sales) was US$3.85B.
The visualizations show the net balance of Sugars and Sugar Confectionery 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$150M, International Sales
- US$185M, International Purchases
In July 2024, international sales of Sugars and Sugar Confectionery were US$150M and a total of US$185M in international purchases. For this month the net trade balance of Sugars and Sugar Confectionery it was of -US$35.1M.
Market Concentration
#permalink to section2024-Q3: US$119M, International Sales
The visualization shows the quarterly concentration of international sales of Sugars and Sugar Confectionery at state level.
In the third quarter of 2024, international sales were US$119M, being the states with the most sales Jalisco (US$28.7M), San Luis Potosí (US$18.4M), and Nuevo León (US$18M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionJalisco: US$349M, State with the Most International Sales (2023)
United States: US$1.97B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Sugars and Sugar Confectionery were Jalisco (US$349M), Chihuahua (US$315M), Veracruz de Ignacio de la Llave (US$280M), San Luis Potosí (US$230M), and Ciudad de México (US$214M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.97B), Guatemala (US$36.8M), Germany (US$31M), Canada (US$24.2M), and Colombia (US$20.9M).
International Purchases
#permalink to sectionJalisco: US$623M, State with the Most International Purchases (2023)
United States: US$1.06B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Sugars and Sugar Confectionery were Jalisco (US$623M), Ciudad de México (US$497M), Estado de México (US$69.5M), Nuevo León (US$64.3M), and Chihuahua (US$57.3M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.06B), Brazil (US$142M), China (US$85.3M), Guatemala (US$84.2M), and India (US$35.5M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Sugars and Sugar Confectionery and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Sugars and Sugar Confectionery. 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- 3.98%, Mexican share in global exports - 2022
- 1.35%, Mexican share in global imports - 2022
The visualizations show the global market for Sugars and Sugar Confectionery. 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 Sugars and Sugar Confectionery were Brazil (US$12.4B), India (US$6.94B), and Thailand (US$4.31B). In the same year, the main importing countries for Sugars and Sugar Confectionery were United States (US$6.49B), Indonesia (US$3.25B), and China (US$3.22B).