ProceduresGovernment

Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point)

Código 621520 (Harmonized System 2012 by 6 digits)

 2023: US$3.09M, Total Trade Exchange

2023: US$638k, International Sales

  2023: US$2.46M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) was US$3.09M.

In 2023, the states with the most international sales in Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were Baja California (US$599k) and Ciudad de México (US$13.4k).

The states with the most international purchases in 2023 were Ciudad de México (US$1.74M), Nuevo León (US$113k), Estado de México (US$104k), Baja California (US$101k), and Quintana Roo (US$11.9k).

In 2023, the main commercial destinations of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were United States (US$599k), Guatemala (US$11.6k), Jamaica (US$824), Curaçao (US$256), and Brazil (US$199).

The main commercial origins of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) in 2023 were China (US$1.99M), Italy (US$44.8k), Spain (US$22.8k), Bangladesh (US$4.15k), and Turkey (US$3.36k).

In the global context, the main exporting countries of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) in 2022 were China (US$118M), Germany (US$5.07M), and Turkey (US$3.86M). In the same year, the main importing countries of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were United States (US$46.5M), United Kingdom (US$10.5M), and Japan (US$8.38M).

Trade Balance of Mexico

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Net Trade Balance

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US$3.09M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) in Mexico (including international purchases and sales) was US$3.09M.

The visualizations show the net balance of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) 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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July, 2024

  • US$309k, International Purchases
  • US$51.9k, International Sales

In July 2024, international sales of Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were US$51.9k, while international purchases reached US$309k. The above results in a trade balance of -US$257k.

Exchange by Territory

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International Sales

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Baja California: US$599k, State with the Most International Sales (2023)

United States: US$599k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were Baja California (US$599k) and Ciudad de México (US$13.4k).

In 2023, the countries with the most international purchases from Mexico were United States (US$599k), Guatemala (US$11.6k), Jamaica (US$824), Curaçao (US$256), and Brazil (US$199).

International Purchases

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Ciudad de México: US$1.74M, State with the Most International Purchases (2023)

China: US$1.99M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were Ciudad de México (US$1.74M), Nuevo León (US$113k), Estado de México (US$104k), Baja California (US$101k), and Quintana Roo (US$11.9k).

The countries with the most international sales to Mexico in 2023 were China (US$1.99M), Italy (US$44.8k), Spain (US$22.8k), Bangladesh (US$4.15k), and Turkey (US$3.36k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point). 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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  • 0.24%, Mexican share in global exports - 2022
  • 2.09%, Mexican share in global imports - 2022

The visualizations show the global market for Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point). 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 Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were China (US$118M), Germany (US$5.07M), and Turkey (US$3.86M). In the same year, the main importing countries for Ties and Ties Simil., of Synthetic or Artificial Fibers (Exc. Point) were United States (US$46.5M), United Kingdom (US$10.5M), and Japan (US$8.38M).