ProceduresGovernment

Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair")

Código 600192 (Harmonized System 2012 by 6 digits)

 2023: US$95.5M, Total Trade Exchange

2023: US$6.77M, International Sales

  2023: US$88.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") was US$95.5M.

In 2023, the states with the most international sales in Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were Baja California (US$5.27M), Jalisco (US$414k), Chihuahua (US$154k), Coahuila de Zaragoza (US$92.2k), and Estado de México (US$23.8k).

The states with the most international purchases in 2023 were Ciudad de México (US$31.6M), Baja California (US$16.5M), Jalisco (US$14M), Guanajuato (US$7.72M), and Estado de México (US$7.45M).

In 2023, the main commercial destinations of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were United States (US$5.52M), Belize (US$386k), Colombia (US$23.6k), Cuba (US$17k), and Dominican Republic (US$6.96k).

The main commercial origins of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") in 2023 were China (US$75.2M), United States (US$5.82M), Thailand (US$2.41M), Hong Kong (US$353k), and El Salvador (US$335k).

In the global context, the main exporting countries of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") in 2022 were China (US$2.81B), Taiwan (Republic of China) (US$90M), and South Korea (US$84.5M). In the same year, the main importing countries of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were Bangladesh (US$364M), Vietnam (US$230M), and Brazil (US$185M).

Trade Balance of Mexico

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Net Trade Balance

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US$95.5M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") in Mexico (including international purchases and sales) was US$95.5M.

The visualizations show the net balance of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") 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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November, 2024

  • US$12M, International Purchases
  • US$153k, International Sales

In November 2024, international sales of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were US$153k, while international purchases reached US$12M. The above results in a trade balance of -US$11.9M.

Market Concentration

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2024-Q4: US$165k, International Sales

The visualization shows the quarterly concentration of international sales of Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") at state level.

In the fourth quarter of 2024, international sales were US$165k, being the states with the most sales Baja California (US$158k) and Coahuila de Zaragoza (US$6.19k).

Exchange by Territory

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International Sales

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Baja California: US$5.27M, State with the Most International Sales (2023)

United States: US$5.52M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were Baja California (US$5.27M), Jalisco (US$414k), Chihuahua (US$154k), Coahuila de Zaragoza (US$92.2k), and Estado de México (US$23.8k).

In 2023, the countries with the most international purchases from Mexico were United States (US$5.52M), Belize (US$386k), Colombia (US$23.6k), Cuba (US$17k), and Dominican Republic (US$6.96k).

International Purchases

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Ciudad de México: US$31.6M, State with the Most International Purchases (2023)

China: US$75.2M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were Ciudad de México (US$31.6M), Baja California (US$16.5M), Jalisco (US$14M), Guanajuato (US$7.72M), and Estado de México (US$7.45M).

The countries with the most international sales to Mexico in 2023 were China (US$75.2M), United States (US$5.82M), Thailand (US$2.41M), Hong Kong (US$353k), and El Salvador (US$335k).

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, of Manmade Fibers (Exc. Tissue "Longhair")  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, of Manmade Fibers (Exc. Tissue "Longhair"). 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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  • 0.028%, Mexican share in global exports - 2022
  • 2.98%, Mexican share in global imports - 2022

The visualizations show the global market for Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair"). 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, of Manmade Fibers (Exc. Tissue "Longhair") were China (US$2.81B), Taiwan (Republic of China) (US$90M), and South Korea (US$84.5M). In the same year, the main importing countries for Velor and Fleece, Knitted or Crocheted, of Manmade Fibers (Exc. Tissue "Longhair") were Bangladesh (US$364M), Vietnam (US$230M), and Brazil (US$185M).