Various Products of Chemical Industries
Code 38 (Harmonized System 2012 by 2 digits)
2023: US$12.2B, Total Trade Exchange
2023: US$2.01B, International Sales
2023: US$10.2B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Various Products of Chemical Industries was US$12.2B.
In 2023, the states with the most international sales in Various Products of Chemical Industries were Ciudad de México (US$452M), Nuevo León (US$276M), Jalisco (US$201M), Baja California (US$188M), and Coahuila de Zaragoza (US$160M).
The states with the most international purchases in 2023 were Ciudad de México (US$4.28B), Puebla (US$1.59B), Estado de México (US$1.06B), Nuevo León (US$720M), and Jalisco (US$490M).
In 2023, the main commercial destinations of Various Products of Chemical Industries were United States (US$1.36B), Colombia (US$58.3M), Brazil (US$57M), Guatemala (US$55.4M), and Peru (US$44.4M).
The main commercial origins of Various Products of Chemical Industries in 2023 were United States (US$6.65B), Canada (US$1.04B), China (US$550M), Germany (US$403M), and Spain (US$149M).
In the global context, the main exporting countries of Various Products of Chemical Industries in 2022 were China (US$53.8B), United States (US$43.8B), and Germany (US$34.4B). In the same year, the main importing countries of Various Products of Chemical Industries were United States (US$29.2B), Germany (US$24.1B), and China (US$22.7B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$12.2B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Various Products of Chemical Industries in Mexico (including international purchases and sales) was US$12.2B.
The visualizations show the net balance of Various Products of Chemical Industries 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$162M, International Sales
- US$636M, International Purchases
In July 2024, international sales of Various Products of Chemical Industries were US$162M and a total of US$636M in international purchases. For this month the net trade balance of Various Products of Chemical Industries it was of -US$474M.
Market Concentration
#permalink to section2024-Q3: US$160M, International Sales
The visualization shows the quarterly concentration of international sales of Various Products of Chemical Industries at state level.
In the third quarter of 2024, international sales were US$160M, being the states with the most sales Ciudad de México (US$41.1M), Nuevo León (US$25.7M), and Jalisco (US$17.7M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$452M, State with the Most International Sales (2023)
United States: US$1.36B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Various Products of Chemical Industries were Ciudad de México (US$452M), Nuevo León (US$276M), Jalisco (US$201M), Baja California (US$188M), and Coahuila de Zaragoza (US$160M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.36B), Colombia (US$58.3M), Brazil (US$57M), Guatemala (US$55.4M), and Peru (US$44.4M).
International Purchases
#permalink to sectionCiudad de México: US$4.28B, State with the Most International Purchases (2023)
United States: US$6.65B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Various Products of Chemical Industries were Ciudad de México (US$4.28B), Puebla (US$1.59B), Estado de México (US$1.06B), Nuevo León (US$720M), and Jalisco (US$490M).
The countries with the most international sales to Mexico in 2023 were United States (US$6.65B), Canada (US$1.04B), China (US$550M), Germany (US$403M), and Spain (US$149M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Various Products of Chemical Industries and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Various Products of Chemical Industries. 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- 0.58%, Mexican share in global exports - 2022
- 2.39%, Mexican share in global imports - 2022
The visualizations show the global market for Various Products of Chemical Industries. 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 Various Products of Chemical Industries were China (US$53.8B), United States (US$43.8B), and Germany (US$34.4B). In the same year, the main importing countries for Various Products of Chemical Industries were United States (US$29.2B), Germany (US$24.1B), and China (US$22.7B).