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Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah")

Código 4602 (Harmonized System 2012 by 4 digits)

 2023: US$44.3M, Total Trade Exchange

2023: US$34.2M, International Sales

  2023: US$10M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") was US$44.3M.

In 2023, the states with the most international sales in Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were Baja California (US$28.4M), Nuevo León (US$4.01M), Ciudad de México (US$876k), Jalisco (US$463k), and Quintana Roo (US$129k).

The states with the most international purchases in 2023 were Ciudad de México (US$6.48M), Estado de México (US$838k), Quintana Roo (US$638k), Nuevo León (US$562k), and Baja California (US$384k).

In 2023, the main commercial destinations of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were United States (US$33.6M), Jamaica (US$80.4k), France (US$46.3k), Italy (US$36.5k), and United Kingdom (US$36.3k).

The main commercial origins of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") in 2023 were China (US$5.12M), Vietnam (US$1.4M), Italy (US$1.04M), Indonesia (US$749k), and Bangladesh (US$341k).

In the global context, the main exporting countries of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") in 2022 were China (US$1.17B), Vietnam (US$459M), and Indonesia (US$164M). In the same year, the main importing countries of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were United States (US$891M), Germany (US$220M), and Netherlands (US$178M).

Trade Balance of Mexico

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Net Trade Balance

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US$44.3M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") in Mexico (including international purchases and sales) was US$44.3M.

The visualizations show the net balance of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") 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$1.13M, International Purchases
  • US$3.63M, International Sales

In July 2024, international sales of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were US$3.63M, while international purchases reached US$1.13M. The above results in a trade balance of US$2.5M.

Market Concentration

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2024-Q3: US$3.6M, International Sales

The visualization shows the quarterly concentration of international sales of Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") at state level.

In the third quarter of 2024, international sales were US$3.6M, being the states with the most sales Baja California (US$1.96M), Nuevo León (US$1.36M), and Ciudad de México (US$164k).

Exchange by Territory

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International Sales

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Baja California: US$28.4M, State with the Most International Sales (2023)

United States: US$33.6M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were Baja California (US$28.4M), Nuevo León (US$4.01M), Ciudad de México (US$876k), Jalisco (US$463k), and Quintana Roo (US$129k).

In 2023, the countries with the most international purchases from Mexico were United States (US$33.6M), Jamaica (US$80.4k), France (US$46.3k), Italy (US$36.5k), and United Kingdom (US$36.3k).

International Purchases

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Ciudad de México: US$6.48M, State with the Most International Purchases (2023)

China: US$5.12M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were Ciudad de México (US$6.48M), Estado de México (US$838k), Quintana Roo (US$638k), Nuevo León (US$562k), and Baja California (US$384k).

The countries with the most international sales to Mexico in 2023 were China (US$5.12M), Vietnam (US$1.4M), Italy (US$1.04M), Indonesia (US$749k), and Bangladesh (US$341k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah")  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah"). 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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  • 1.01%, Mexican share in global exports - 2022
  • 0.31%, Mexican share in global imports - 2022

The visualizations show the global market for Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah"). 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 Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were China (US$1.17B), Vietnam (US$459M), and Indonesia (US$164M). In the same year, the main importing countries for Wickerwork made Directly to Shape from Plaiting Materials or made up Articles of Heading 4601; Articles of Sponge Plant (Paste O "Loofah") were United States (US$891M), Germany (US$220M), and Netherlands (US$178M).