Copper Wire
Código 7408 (Harmonized System 2012 by 4 digits)
2023: US$1.48B, Total Trade Exchange
2023: US$243M, International Sales
2023: US$1.24B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Copper Wire was US$1.48B.
In 2023, the states with the most international sales in Copper Wire were Sonora (US$155M), Guanajuato (US$45.8M), Nuevo León (US$18.8M), Ciudad de México (US$10.4M), and Durango (US$8.57M).
The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$283M), Nuevo León (US$217M), Guanajuato (US$203M), Chihuahua (US$147M), and Sonora (US$101M).
In 2023, the main commercial destinations of Copper Wire were United States (US$143M), Honduras (US$52.2M), Nicaragua (US$39.6M), Venezuela (US$3.63M), and Panama (US$1.35M).
The main commercial origins of Copper Wire in 2023 were United States (US$1.14B), Spain (US$22.9M), Germany (US$14.8M), Peru (US$9.23M), and Turkey (US$8.94M).
In the global context, the main exporting countries of Copper Wire in 2022 were Germany (US$3.44B), United Arab Emirates (US$3.04B), and Canada (US$1.76B). In the same year, the main importing countries of Copper Wire were United States (US$2.23B), Italy (US$1.3B), and Mexico (US$1.15B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.48B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Copper Wire in Mexico (including international purchases and sales) was US$1.48B.
The visualizations show the net balance of Copper Wire 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$112M, International Purchases
- US$20.7M, International Sales
In July 2024, international sales of Copper Wire were US$20.7M, while international purchases reached US$112M. The above results in a trade balance of -US$91M.
Market Concentration
#permalink to section2024-Q3: US$17.7M, International Sales
The visualization shows the quarterly concentration of international sales of Copper Wire at state level.
In the third quarter of 2024, international sales were US$17.7M, being the states with the most sales Sonora (US$16.3M), Nuevo León (US$1.32M), and Baja California (US$58k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionSonora: US$155M, State with the Most International Sales (2023)
United States: US$143M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Copper Wire were Sonora (US$155M), Guanajuato (US$45.8M), Nuevo León (US$18.8M), Ciudad de México (US$10.4M), and Durango (US$8.57M).
In 2023, the countries with the most international purchases from Mexico were United States (US$143M), Honduras (US$52.2M), Nicaragua (US$39.6M), Venezuela (US$3.63M), and Panama (US$1.35M).
International Purchases
#permalink to sectionCoahuila de Zaragoza: US$283M, State with the Most International Purchases (2023)
United States: US$1.14B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Copper Wire were Coahuila de Zaragoza (US$283M), Nuevo León (US$217M), Guanajuato (US$203M), Chihuahua (US$147M), and Sonora (US$101M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.14B), Spain (US$22.9M), Germany (US$14.8M), Peru (US$9.23M), and Turkey (US$8.94M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Copper Wire and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Copper Wire. 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- 0.58%, Mexican share in global exports - 2022
- 4.42%, Mexican share in global imports - 2022
The visualizations show the global market for Copper Wire. 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 Copper Wire were Germany (US$3.44B), United Arab Emirates (US$3.04B), and Canada (US$1.76B). In the same year, the main importing countries for Copper Wire were United States (US$2.23B), Italy (US$1.3B), and Mexico (US$1.15B).