Turmeric
Código 091030 (Harmonized System 2012 by 6 digits)
2023: US$1.71M, Total Trade Exchange
2023: US$140k, International Sales
2023: US$1.57M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Turmeric was US$1.71M.
In 2023, the states with the most international sales in Turmeric were Puebla (US$39.7k) and Ciudad de México (US$3.06k).
The states with the most international purchases in 2023 were Ciudad de México (US$488k), Estado de México (US$461k), Nuevo León (US$174k), Querétaro (US$173k), and Jalisco (US$160k).
In 2023, the main commercial destinations of Turmeric were United States (US$39.4k), Canada (US$3.32k), and Cuba (US$6).
The main commercial origins of Turmeric in 2023 were India (US$1.16M), Peru (US$273k), Spain (US$45.2k), China (US$25.9k), and United States (US$22.5k).
In the global context, the main exporting countries of Turmeric in 2022 were India (US$231M), Burma (US$20M), and Fiji (US$12.3M). In the same year, the main importing countries of Turmeric were United States (US$46.5M), Bangladesh (US$28.7M), and India (US$26.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.71M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Turmeric in Mexico (including international purchases and sales) was US$1.71M.
The visualizations show the net balance of Turmeric 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$187k, International Purchases
- US$4.93k, International Sales
In July 2024, international sales of Turmeric were US$4.93k, while international purchases reached US$187k. The above results in a trade balance of -US$182k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionPuebla: US$39.7k, State with the Most International Sales (2023)
United States: US$39.4k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Turmeric were Puebla (US$39.7k) and Ciudad de México (US$3.06k).
In 2023, the countries with the most international purchases from Mexico were United States (US$39.4k), Canada (US$3.32k), and Cuba (US$6).
International Purchases
#permalink to sectionCiudad de México: US$488k, State with the Most International Purchases (2023)
India: US$1.16M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Turmeric were Ciudad de México (US$488k), Estado de México (US$461k), Nuevo León (US$174k), Querétaro (US$173k), and Jalisco (US$160k).
The countries with the most international sales to Mexico in 2023 were India (US$1.16M), Peru (US$273k), Spain (US$45.2k), China (US$25.9k), and United States (US$22.5k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Turmeric and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Turmeric. 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- 0.025%, Mexican share in global exports - 2022
- 0.31%, Mexican share in global imports - 2022
The visualizations show the global market for Turmeric. 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 Turmeric were India (US$231M), Burma (US$20M), and Fiji (US$12.3M). In the same year, the main importing countries for Turmeric were United States (US$46.5M), Bangladesh (US$28.7M), and India (US$26.8M).