Wood Products
Code 9 (Harmonized System 2012 by Sector)
2023: US$3.22B, Total Trade Exchange
2023: US$845M, International Sales
2023: US$2.37B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wood Products was US$3.22B.
In 2023, the states with the most international sales in Wood Products were Nuevo León (US$227M), Baja California (US$182M), Chihuahua (US$146M), Durango (US$122M), and Tamaulipas (US$33.3M).
The states with the most international purchases in 2023 were Baja California (US$572M), Nuevo León (US$411M), Jalisco (US$397M), Ciudad de México (US$245M), and Estado de México (US$148M).
In 2023, the main commercial destinations of Wood Products were United States (US$806M), Guatemala (US$4.52M), United Kingdom (US$2.56M), Jamaica (US$2.22M), and Costa Rica (US$1.87M).
The main commercial origins of Wood Products in 2023 were United States (US$958M), Brazil (US$321M), China (US$312M), Chile (US$278M), and Canada (US$82.1M).
In the global context, the main exporting countries of Wood Products in 2022 were Canada (US$20.3B), China (US$20.2B), and Germany (US$13B). In the same year, the main importing countries of Wood Products were United States (US$36B), China (US$19.2B), and Japan (US$12.6B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.22B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wood Products in Mexico (including international purchases and sales) was US$3.22B.
The visualizations show the net balance of Wood Products 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
#permalink to sectionJuly, 2024
- US$73.7M, International Sales
- US$210M, International Purchases
In July 2024, international sales of Wood Products were US$73.7M and a total of US$210M in international purchases. For this month the net trade balance of Wood Products it was of -US$136M.
Market Concentration
#permalink to section2024-Q3: US$73.2M, International Sales
The visualization shows the quarterly concentration of international sales of Wood Products at state level.
In the third quarter of 2024, international sales were US$73.2M, being the states with the most sales Nuevo León (US$20.2M), Baja California (US$14.4M), and Chihuahua (US$13.8M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$227M, State with the Most International Sales (2023)
United States: US$806M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wood Products were Nuevo León (US$227M), Baja California (US$182M), Chihuahua (US$146M), Durango (US$122M), and Tamaulipas (US$33.3M).
In 2023, the countries with the most international purchases from Mexico were United States (US$806M), Guatemala (US$4.52M), United Kingdom (US$2.56M), Jamaica (US$2.22M), and Costa Rica (US$1.87M).
International Purchases
#permalink to sectionBaja California: US$572M, State with the Most International Purchases (2023)
United States: US$958M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wood Products were Baja California (US$572M), Nuevo León (US$411M), Jalisco (US$397M), Ciudad de México (US$245M), and Estado de México (US$148M).
The countries with the most international sales to Mexico in 2023 were United States (US$958M), Brazil (US$321M), China (US$312M), Chile (US$278M), and Canada (US$82.1M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wood Products and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wood Products. 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.44%, Mexican share in global exports - 2022
- 1.34%, Mexican share in global imports - 2022
The visualizations show the global market for Wood Products. 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 Wood Products were Canada (US$20.3B), China (US$20.2B), and Germany (US$13B). In the same year, the main importing countries for Wood Products were United States (US$36B), China (US$19.2B), and Japan (US$12.6B).