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Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified

Código 1515 (Harmonized System 2012 by 4 digits)

 2023: US$419M, Total Trade Exchange

2023: US$343M, International Sales

  2023: US$76.1M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified was US$419M.

In 2023, the states with the most international sales in Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were Jalisco (US$243M), Michoacán de Ocampo (US$44.9M), Guanajuato (US$16.7M), Estado de México (US$7.98M), and Ciudad de México (US$2.67M).

The states with the most international purchases in 2023 were Ciudad de México (US$26.7M), Jalisco (US$19.7M), Nuevo León (US$14.3M), Estado de México (US$5.4M), and Yucatán (US$2.39M).

In 2023, the main commercial destinations of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were United States (US$259M), United Kingdom (US$9.77M), Netherlands (US$8.4M), Germany (US$6.73M), and France (US$5.95M).

The main commercial origins of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified in 2023 were United States (US$21M), India (US$15.6M), Spain (US$10.1M), Italy (US$5.01M), and Colombia (US$3.53M).

In the global context, the main exporting countries of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified in 2022 were India (US$1.36B), United States (US$823M), and Mexico (US$336M). In the same year, the main importing countries of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were United States (US$905M), China (US$670M), and France (US$410M).

Trade Balance of Mexico

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Net Trade Balance

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US$419M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified in Mexico (including international purchases and sales) was US$419M.

The visualizations show the net balance of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified 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$6.83M, International Purchases
  • US$46.2M, International Sales

In July 2024, international sales of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were US$46.2M, while international purchases reached US$6.83M. The above results in a trade balance of US$39.3M.

Market Concentration

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2024-Q3: US$43.3M, International Sales

The visualization shows the quarterly concentration of international sales of Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified at state level.

In the third quarter of 2024, international sales were US$43.3M, being the states with the most sales Jalisco (US$37.1M), Michoacán de Ocampo (US$4.72M), and Guanajuato (US$709k).

Exchange by Territory

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International Sales

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Jalisco: US$243M, State with the Most International Sales (2023)

United States: US$259M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were Jalisco (US$243M), Michoacán de Ocampo (US$44.9M), Guanajuato (US$16.7M), Estado de México (US$7.98M), and Ciudad de México (US$2.67M).

In 2023, the countries with the most international purchases from Mexico were United States (US$259M), United Kingdom (US$9.77M), Netherlands (US$8.4M), Germany (US$6.73M), and France (US$5.95M).

International Purchases

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Ciudad de México: US$26.7M, State with the Most International Purchases (2023)

United States: US$21M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were Ciudad de México (US$26.7M), Jalisco (US$19.7M), Nuevo León (US$14.3M), Estado de México (US$5.4M), and Yucatán (US$2.39M).

The countries with the most international sales to Mexico in 2023 were United States (US$21M), India (US$15.6M), Spain (US$10.1M), Italy (US$5.01M), and Colombia (US$3.53M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified. 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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  • 4.96%, Mexican share in global exports - 2022
  • 0.98%, Mexican share in global imports - 2022

The visualizations show the global market for Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified. 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 Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were India (US$1.36B), United States (US$823M), and Mexico (US$336M). In the same year, the main importing countries for Vegetable Oils Fats and other Fixed (Including Jojoba Oil) and their Fractions, whether or not Refined, but not Chemically Modified were United States (US$905M), China (US$670M), and France (US$410M).