ProceduresGovernment

Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados)

Código 810420 (Harmonized System 2012 by 6 digits)

 2023: US$10.7M, Total Trade Exchange

2023: US$10.4M, International Sales

  2023: US$323k, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) was US$10.7M.

In 2023, the states with the most international sales in Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were Tamaulipas (US$7.06M) and Baja California (US$127k).

The states with the most international purchases in 2015 were Sonora (US$212k).

In 2023, the main commercial destinations of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were United States (US$7.18M).

The main commercial origins of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) in 2015 were United States (US$210k) and United Kingdom (US$2.33k).

In the global context, the main exporting countries of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) in 2022 were Canada (US$54.7M), China (US$48.1M), and Czech Republic (US$23.6M). In the same year, the main importing countries of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were United States (US$156M), Hungary (US$35.9M), and Brazil (US$31M).

Trade Balance of Mexico

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Net Trade Balance

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US$10.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) in Mexico (including international purchases and sales) was US$10.7M.

The visualizations show the net balance of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) 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$863k, International Sales

In July 2024, international sales of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were US$863k, while international purchases reached US$0. The above results in a trade balance of US$863k.

Market Concentration

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2024-Q3: US$524k, International Sales

The visualization shows the quarterly concentration of international sales of Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) at state level.

In the third quarter of 2024, international sales were US$524k, being the states with the most sales Tamaulipas (US$524k).

Exchange by Territory

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International Sales

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Tamaulipas: US$7.06M, State with the Most International Sales (2023)

United States: US$7.18M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were Tamaulipas (US$7.06M) and Baja California (US$127k).

In 2023, the countries with the most international purchases from Mexico were United States (US$7.18M).

International Purchases

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Year

Sonora: US$212k, State with the Most International Purchases (2015)

United States: US$210k, Main Commercial Origin (2015)

In 2015, the states with the highest international in Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were Sonora (US$212k).

The countries with the most international sales to Mexico in 2015 were United States (US$210k) and United Kingdom (US$2.33k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados). 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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  • 4.34%, Mexican share in global exports - 2022
  • 0.069%, Mexican share in global imports - 2022

The visualizations show the global market for Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados). 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 Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were Canada (US$54.7M), China (US$48.1M), and Czech Republic (US$23.6M). In the same year, the main importing countries for Waste and Scrap Magnesium (Excl. Ash and Residues Containing Magnesium, and Magnesium Turnings and Granules Calibrados) were United States (US$156M), Hungary (US$35.9M), and Brazil (US$31M).