ProceduresGovernment

Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.)

Código 580620 (Harmonized System 2012 by 6 digits)

 2023: US$26.7M, Total Trade Exchange

2023: US$6.56M, International Sales

  2023: US$20.1M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) was US$26.7M.

In 2023, the states with the most international sales in Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were Estado de México (US$2.08M), Guanajuato (US$1.96M), Baja California (US$1.33M), Tamaulipas (US$428k), and Coahuila de Zaragoza (US$80.8k).

The states with the most international purchases in 2023 were Yucatán (US$3.76M), Baja California (US$3.26M), Coahuila de Zaragoza (US$2.7M), Tamaulipas (US$2.22M), and Nuevo León (US$1.97M).

In 2023, the main commercial destinations of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were United States (US$2.66M), Australia (US$628k), El Salvador (US$450k), Chile (US$413k), and Nicaragua (US$395k).

The main commercial origins of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) in 2023 were United States (US$11.5M), China (US$3.14M), El Salvador (US$2.86M), Germany (US$708k), and Italy (US$519k).

In the global context, the main exporting countries of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) in 2022 were China (US$545M), Hong Kong (US$107M), and Italy (US$65.5M). In the same year, the main importing countries of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were Bangladesh (US$127M), Hong Kong (US$127M), and Vietnam (US$109M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$26.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) in Mexico (including international purchases and sales) was US$26.7M.

The visualizations show the net balance of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) 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

November, 2024

  • US$2.29M, International Purchases
  • US$563k, International Sales

In November 2024, international sales of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were US$563k, while international purchases reached US$2.29M. The above results in a trade balance of -US$1.72M.

Market Concentration

#permalink to section

2024-Q4: US$766k, International Sales

The visualization shows the quarterly concentration of international sales of Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) at state level.

In the fourth quarter of 2024, international sales were US$766k, being the states with the most sales Guanajuato (US$422k), Estado de México (US$274k), and Tamaulipas (US$31.5k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Estado de México: US$2.08M, State with the Most International Sales (2023)

United States: US$2.66M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were Estado de México (US$2.08M), Guanajuato (US$1.96M), Baja California (US$1.33M), Tamaulipas (US$428k), and Coahuila de Zaragoza (US$80.8k).

In 2023, the countries with the most international purchases from Mexico were United States (US$2.66M), Australia (US$628k), El Salvador (US$450k), Chile (US$413k), and Nicaragua (US$395k).

International Purchases

#permalink to section

Yucatán: US$3.76M, State with the Most International Purchases (2023)

United States: US$11.5M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were Yucatán (US$3.76M), Baja California (US$3.26M), Coahuila de Zaragoza (US$2.7M), Tamaulipas (US$2.22M), and Nuevo León (US$1.97M).

The countries with the most international sales to Mexico in 2023 were United States (US$11.5M), China (US$3.14M), El Salvador (US$2.86M), Germany (US$708k), and Italy (US$519k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.). 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

  • 0.2%, Mexican share in global exports - 2022
  • 2.14%, Mexican share in global imports - 2022

The visualizations show the global market for Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.). 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 Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were China (US$545M), Hong Kong (US$107M), and Italy (US$65.5M). In the same year, the main importing countries for Tapes Textile, Woven, Containing Elastomeric Yarn or Rubber Thread> = 5% by Weight (Exc. Velvet Ribbons, Plush, Fabrics Chenille Fabrics Toweling and Labels, Badges and Similar Articles.) were Bangladesh (US$127M), Hong Kong (US$127M), and Vietnam (US$109M).