ProceduresGovernment

Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude)

Código 151219 (Harmonized System 2012 by 6 digits)

 2023: US$96.5M, Total Trade Exchange

2023: US$20.4M, International Sales

  2023: US$76.1M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) was US$96.5M.

In 2023, the states with the most international sales in Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Ciudad de México (US$1.71M).

The states with the most international purchases in 2023 were San Luis Potosí (US$27M), Jalisco (US$24.9M), Ciudad de México (US$6.3M), Estado de México (US$1.66M), and Nuevo León (US$1.15M).

In 2023, the main commercial destinations of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Japan (US$1.67M), United States (US$37.3k), Argentina (US$6.66k), Cuba (US$34), and China (US$8).

The main commercial origins of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) in 2023 were Spain (US$28.8M), Argentina (US$22.8M), United States (US$6.55M), Ukraine (US$1.77M), and Turkey (US$953k).

In the global context, the main exporting countries of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) in 2022 were Turkey (US$1.13B), Ukraine (US$833M), and Spain (US$469M). In the same year, the main importing countries of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Belgium (US$467M), France (US$360M), and Netherlands (US$356M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$96.5M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) in Mexico (including international purchases and sales) was US$96.5M.

The visualizations show the net balance of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) 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 section

July, 2024

  • US$4.71M, International Purchases
  • US$1.47M, International Sales

In July 2024, international sales of Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were US$1.47M, while international purchases reached US$4.71M. The above results in a trade balance of -US$3.24M.

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Ciudad de México: US$1.71M, State with the Most International Sales (2023)

Japan: US$1.67M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Ciudad de México (US$1.71M).

In 2023, the countries with the most international purchases from Mexico were Japan (US$1.67M), United States (US$37.3k), Argentina (US$6.66k), Cuba (US$34), and China (US$8).

International Purchases

#permalink to section

San Luis Potosí: US$27M, State with the Most International Purchases (2023)

Spain: US$28.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were San Luis Potosí (US$27M), Jalisco (US$24.9M), Ciudad de México (US$6.3M), Estado de México (US$1.66M), and Nuevo León (US$1.15M).

The countries with the most international sales to Mexico in 2023 were Spain (US$28.8M), Argentina (US$22.8M), United States (US$6.55M), Ukraine (US$1.77M), and Turkey (US$953k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude). 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

#permalink to section

  • 0.41%, Mexican share in global exports - 2022
  • 0.81%, Mexican share in global imports - 2022

The visualizations show the global market for Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude). 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 Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Turkey (US$1.13B), Ukraine (US$833M), and Spain (US$469M). In the same year, the main importing countries for Sunflower or Safflower Oils and Fractions Thereof, Incl. Refinados, not Chemically Modified (Exc. Crude) were Belgium (US$467M), France (US$360M), and Netherlands (US$356M).