Synthetic Staple Fibers
Code 55 (Harmonized System 2012 by 2 digits)
2023: US$919M, Total Trade Exchange
2023: US$171M, International Sales
2023: US$748M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Synthetic Staple Fibers was US$919M.
In 2023, the states with the most international sales in Synthetic Staple Fibers were Ciudad de México (US$24.7M), Baja California (US$21.9M), Jalisco (US$21.8M), San Luis Potosí (US$21.6M), and Tamaulipas (US$17.6M).
The states with the most international purchases in 2023 were Ciudad de México (US$174M), Puebla (US$85.8M), Baja California (US$84.1M), Coahuila de Zaragoza (US$74.5M), and Estado de México (US$68.9M).
In 2023, the main commercial destinations of Synthetic Staple Fibers were United States (US$73.7M), Hungary (US$18.4M), Honduras (US$7.58M), Guatemala (US$5.93M), and Colombia (US$5.72M).
The main commercial origins of Synthetic Staple Fibers in 2023 were United States (US$317M), China (US$189M), India (US$43.9M), Taiwan (Republic of China) (US$33.5M), and Vietnam (US$23.6M).
In the global context, the main exporting countries of Synthetic Staple Fibers in 2022 were China (US$13.7B), United States (US$2.49B), and Indonesia (US$2.46B). In the same year, the main importing countries of Synthetic Staple Fibers were Turkey (US$2.33B), Bangladesh (US$2.28B), and Vietnam (US$2.22B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$919M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Synthetic Staple Fibers in Mexico (including international purchases and sales) was US$919M.
The visualizations show the net balance of Synthetic Staple Fibers 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$12.6M, International Sales
- US$70.3M, International Purchases
In July 2024, international sales of Synthetic Staple Fibers were US$12.6M and a total of US$70.3M in international purchases. For this month the net trade balance of Synthetic Staple Fibers it was of -US$57.7M.
Market Concentration
#permalink to section2024-Q3: US$10.9M, International Sales
The visualization shows the quarterly concentration of international sales of Synthetic Staple Fibers at state level.
In the third quarter of 2024, international sales were US$10.9M, being the states with the most sales San Luis Potosí (US$3M), Ciudad de México (US$1.68M), and Jalisco (US$1.53M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$24.7M, State with the Most International Sales (2023)
United States: US$73.7M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Synthetic Staple Fibers were Ciudad de México (US$24.7M), Baja California (US$21.9M), Jalisco (US$21.8M), San Luis Potosí (US$21.6M), and Tamaulipas (US$17.6M).
In 2023, the countries with the most international purchases from Mexico were United States (US$73.7M), Hungary (US$18.4M), Honduras (US$7.58M), Guatemala (US$5.93M), and Colombia (US$5.72M).
International Purchases
#permalink to sectionCiudad de México: US$174M, State with the Most International Purchases (2023)
United States: US$317M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Synthetic Staple Fibers were Ciudad de México (US$174M), Puebla (US$85.8M), Baja California (US$84.1M), Coahuila de Zaragoza (US$74.5M), and Estado de México (US$68.9M).
The countries with the most international sales to Mexico in 2023 were United States (US$317M), China (US$189M), India (US$43.9M), Taiwan (Republic of China) (US$33.5M), and Vietnam (US$23.6M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Synthetic Staple Fibers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Synthetic Staple Fibers. 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- 0.42%, Mexican share in global exports - 2022
- 2.07%, Mexican share in global imports - 2022
The visualizations show the global market for Synthetic Staple Fibers. 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 Synthetic Staple Fibers were China (US$13.7B), United States (US$2.49B), and Indonesia (US$2.46B). In the same year, the main importing countries for Synthetic Staple Fibers were Turkey (US$2.33B), Bangladesh (US$2.28B), and Vietnam (US$2.22B).