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Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal

Código 7112 (Harmonized System 2012 by 4 digits)

 2023: US$226M, Total Trade Exchange

2023: US$225M, International Sales

  2023: US$596k, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal was US$226M.

In 2023, the states with the most international sales in Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were Nuevo León (US$94.8M), Yucatán (US$42.7M), Sonora (US$21.8M), Baja California (US$11.4M), and Ciudad de México (US$9.55M).

The states with the most international purchases in 2016 were Ciudad de México (US$28.2M).

In 2023, the main commercial destinations of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were United States (US$174M), Canada (US$11.8M), South Korea (US$9.99M), Hong Kong (US$1.81M), and Japan (US$620k).

The main commercial origins of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal in 2016 were United States (US$28.2M).

In the global context, the main exporting countries of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal in 2022 were United States (US$8.99B), Indonesia (US$2.9B), and United Kingdom (US$2.76B). In the same year, the main importing countries of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were Germany (US$7.67B), Japan (US$5.65B), and United Kingdom (US$3.45B).

Trade Balance of Mexico

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Net Trade Balance

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US$226M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal in Mexico (including international purchases and sales) was US$226M.

The visualizations show the net balance of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal 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$17.9M, International Sales

In July 2024, international sales of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were US$17.9M, while international purchases reached US$0. The above results in a trade balance of US$17.9M.

Market Concentration

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2024-Q3: US$16.4M, International Sales

The visualization shows the quarterly concentration of international sales of Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal at state level.

In the third quarter of 2024, international sales were US$16.4M, being the states with the most sales Nuevo León (US$6.49M), Ciudad de México (US$4.03M), and Sonora (US$2.54M).

Exchange by Territory

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International Sales

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Nuevo León: US$94.8M, State with the Most International Sales (2023)

United States: US$174M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were Nuevo León (US$94.8M), Yucatán (US$42.7M), Sonora (US$21.8M), Baja California (US$11.4M), and Ciudad de México (US$9.55M).

In 2023, the countries with the most international purchases from Mexico were United States (US$174M), Canada (US$11.8M), South Korea (US$9.99M), Hong Kong (US$1.81M), and Japan (US$620k).

International Purchases

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Ciudad de México: US$28.2M, State with the Most International Purchases (2016)

United States: US$28.2M, Main Commercial Origin (2016)

In 2016, the states with the highest international in Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were Ciudad de México (US$28.2M).

The countries with the most international sales to Mexico in 2016 were United States (US$28.2M).

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 of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal. 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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  • 1.1%, Mexican share in global exports - 2022
  • 0.0015%, Mexican share in global imports - 2022

The visualizations show the global market for Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal. 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 of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were United States (US$8.99B), Indonesia (US$2.9B), and United Kingdom (US$2.76B). In the same year, the main importing countries for Waste and Scrap of Precious Metal or Plated with Precious Metal (Plated); other Waste and Scrap Containing Precious Metal or Precious Metal Compounds, of a Kind Used Principally for the Recovery of Precious Metal were Germany (US$7.67B), Japan (US$5.65B), and United Kingdom (US$3.45B).