ProceduresGovernment

Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games

Código 5801 (Harmonized System 2012 by 4 digits)

 2023: US$20.3M, Total Trade Exchange

2023: US$6.15M, International Sales

  2023: US$14.2M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games was US$20.3M.

In 2023, the states with the most international sales in Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were Baja California (US$498k), Jalisco (US$390k), Nuevo León (US$365k), Coahuila de Zaragoza (US$303k), and Chihuahua (US$225k).

The states with the most international purchases in 2023 were Jalisco (US$4.93M), Ciudad de México (US$2.14M), Baja California (US$1.58M), Chihuahua (US$1.5M), and Estado de México (US$1.49M).

In 2023, the main commercial destinations of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were United States (US$1.66M), Belize (US$202k), Vietnam (US$107k), Canada (US$28.4k), and Nicaragua (US$17.9k).

The main commercial origins of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games in 2023 were China (US$9.56M), United States (US$1.8M), Spain (US$500k), Turkey (US$389k), and Italy (US$374k).

In the global context, the main exporting countries of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games in 2022 were China (US$1.11B), Italy (US$170M), and Turkey (US$158M). In the same year, the main importing countries of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were United States (US$298M), United Kingdom (US$159M), and Vietnam (US$146M).

Trade Balance of Mexico

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Net Trade Balance

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US$20.3M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games in Mexico (including international purchases and sales) was US$20.3M.

The visualizations show the net balance of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games 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$2.09M, International Purchases
  • US$551k, International Sales

In July 2024, international sales of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were US$551k, while international purchases reached US$2.09M. The above results in a trade balance of -US$1.54M.

Market Concentration

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2024-Q3: US$19.4k, International Sales

The visualization shows the quarterly concentration of international sales of Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games at state level.

In the third quarter of 2024, international sales were US$19.4k, being the states with the most sales Baja California (US$16.2k) and Nuevo León (US$3.18k).

Exchange by Territory

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International Sales

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Baja California: US$498k, State with the Most International Sales (2023)

United States: US$1.66M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were Baja California (US$498k), Jalisco (US$390k), Nuevo León (US$365k), Coahuila de Zaragoza (US$303k), and Chihuahua (US$225k).

In 2023, the countries with the most international purchases from Mexico were United States (US$1.66M), Belize (US$202k), Vietnam (US$107k), Canada (US$28.4k), and Nicaragua (US$17.9k).

International Purchases

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Jalisco: US$4.93M, State with the Most International Purchases (2023)

China: US$9.56M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were Jalisco (US$4.93M), Ciudad de México (US$2.14M), Baja California (US$1.58M), Chihuahua (US$1.5M), and Estado de México (US$1.49M).

The countries with the most international sales to Mexico in 2023 were China (US$9.56M), United States (US$1.8M), Spain (US$500k), Turkey (US$389k), and Italy (US$374k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games. 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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  • 0.15%, Mexican share in global exports - 2022
  • 1.17%, Mexican share in global imports - 2022

The visualizations show the global market for Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games. 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 Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were China (US$1.11B), Italy (US$170M), and Turkey (US$158M). In the same year, the main importing countries for Velor and Fleece, Knitted or Crocheted and Chenille Fabrics, other than Products of 5802 or 5806 Games were United States (US$298M), United Kingdom (US$159M), and Vietnam (US$146M).