Rice
Código 1006 (Harmonized System 2012 by 4 digits)
2023: US$512M, Total Trade Exchange
2023: US$13.7M, International Sales
2023: US$498M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Rice was US$512M.
In 2023, the states with the most international sales in Rice were Veracruz de Ignacio de la Llave (US$3.9M), Ciudad de México (US$604k), Puebla (US$383k), and Quintana Roo (US$76.2k).
The states with the most international purchases in 2023 were Veracruz de Ignacio de la Llave (US$220M), Nuevo León (US$87.9M), Ciudad de México (US$61.9M), Jalisco (US$47M), and Baja California (US$26.8M).
In 2023, the main commercial destinations of Rice were Panama (US$2.04M), Cuba (US$1.85M), Spain (US$645k), United States (US$426k), and United Arab Emirates (US$3.18k).
The main commercial origins of Rice in 2023 were United States (US$258M), Brazil (US$130M), Uruguay (US$59.9M), Thailand (US$19.4M), and Argentina (US$11.9M).
In the global context, the main exporting countries of Rice in 2022 were India (US$11.8B), Thailand (US$4.52B), and Vietnam (US$2.9B). In the same year, the main importing countries of Rice were China (US$2.55B), United States (US$1.36B), and Philippines (US$1.32B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$512M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Rice in Mexico (including international purchases and sales) was US$512M.
The visualizations show the net balance of Rice 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 sectionNovember, 2024
- US$44.2M, International Purchases
- US$2.25M, International Sales
In November 2024, international sales of Rice were US$2.25M, while international purchases reached US$44.2M. The above results in a trade balance of -US$41.9M.
Market Concentration
#permalink to section2024-Q4: US$26.2k, International Sales
The visualization shows the quarterly concentration of international sales of Rice at state level.
In the fourth quarter of 2024, international sales were US$26.2k, being the states with the most sales Ciudad de México (US$26.2k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionVeracruz de Ignacio de la Llave: US$3.9M, State with the Most International Sales (2023)
Panama: US$2.04M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Rice were Veracruz de Ignacio de la Llave (US$3.9M), Ciudad de México (US$604k), Puebla (US$383k), and Quintana Roo (US$76.2k).
In 2023, the countries with the most international purchases from Mexico were Panama (US$2.04M), Cuba (US$1.85M), Spain (US$645k), United States (US$426k), and United Arab Emirates (US$3.18k).
International Purchases
#permalink to sectionVeracruz de Ignacio de la Llave: US$220M, State with the Most International Purchases (2023)
United States: US$258M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Rice were Veracruz de Ignacio de la Llave (US$220M), Nuevo León (US$87.9M), Ciudad de México (US$61.9M), Jalisco (US$47M), and Baja California (US$26.8M).
The countries with the most international sales to Mexico in 2023 were United States (US$258M), Brazil (US$130M), Uruguay (US$59.9M), Thailand (US$19.4M), and Argentina (US$11.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Rice and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Rice. 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- 0.0078%, Mexican share in global exports - 2022
- 1.44%, Mexican share in global imports - 2022
The visualizations show the global market for Rice. 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 Rice were India (US$11.8B), Thailand (US$4.52B), and Vietnam (US$2.9B). In the same year, the main importing countries for Rice were China (US$2.55B), United States (US$1.36B), and Philippines (US$1.32B).