ProceduresGovernment

Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear)

Código 620311 (Harmonized System 2012 by 6 digits)

 2023: US$19.5M, Total Trade Exchange

2023: US$11.6M, International Sales

  2023: US$7.88M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) was US$19.5M.

In 2023, the states with the most international sales in Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were Estado de México (US$1.06M) and Ciudad de México (US$990k).

The states with the most international purchases in 2023 were Ciudad de México (US$7.69M) and Estado de México (US$135k).

In 2023, the main commercial destinations of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were United States (US$1.7M), Canada (US$178k), Italy (US$129k), Guatemala (US$27.2k), and Costa Rica (US$15.5k).

The main commercial origins of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) in 2023 were Turkey (US$3.09M), Italy (US$1.23M), Portugal (US$929k), Bulgaria (US$850k), and Romania (US$519k).

In the global context, the main exporting countries of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) in 2022 were China (US$264M), Italy (US$245M), and Turkey (US$90.5M). In the same year, the main importing countries of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were United States (US$301M), Japan (US$161M), and Germany (US$82.5M).

Trade Balance of Mexico

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Net Trade Balance

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US$19.5M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) in Mexico (including international purchases and sales) was US$19.5M.

The visualizations show the net balance of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) 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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November, 2024

  • US$401k, International Purchases
  • US$380k, International Sales

In November 2024, international sales of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were US$380k, while international purchases reached US$401k. The above results in a trade balance of -US$21.2k.

Market Concentration

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2024-Q4: US$87.6k, International Sales

The visualization shows the quarterly concentration of international sales of Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) at state level.

In the fourth quarter of 2024, international sales were US$87.6k, being the states with the most sales Ciudad de México (US$87.6k).

Exchange by Territory

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International Sales

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Estado de México: US$1.06M, State with the Most International Sales (2023)

United States: US$1.7M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were Estado de México (US$1.06M) and Ciudad de México (US$990k).

In 2023, the countries with the most international purchases from Mexico were United States (US$1.7M), Canada (US$178k), Italy (US$129k), Guatemala (US$27.2k), and Costa Rica (US$15.5k).

International Purchases

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Ciudad de México: US$7.69M, State with the Most International Purchases (2023)

Turkey: US$3.09M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were Ciudad de México (US$7.69M) and Estado de México (US$135k).

The countries with the most international sales to Mexico in 2023 were Turkey (US$3.09M), Italy (US$1.23M), Portugal (US$929k), Bulgaria (US$850k), and Romania (US$519k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear). 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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  • 1.04%, Mexican share in global exports - 2022
  • 0.29%, Mexican share in global imports - 2022

The visualizations show the global market for Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear). 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 Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were China (US$264M), Italy (US$245M), and Turkey (US$90.5M). In the same year, the main importing countries for Suits "Or Boys' Wool or Fine Animal Hair, Knitted or Crocheted (Excl. Knitted or Crocheted, Track Suits, Overalls" Coveralls "Ski Overalls and Swimwear) were United States (US$301M), Japan (US$161M), and Germany (US$82.5M).