ProceduresGovernment

Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94

Código 4420 (Harmonized System 2012 by 4 digits)

 2023: US$26M, Total Trade Exchange

2023: US$10.6M, International Sales

  2023: US$15.3M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 was US$26M.

In 2023, the states with the most international sales in Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were Jalisco (US$2.73M), Baja California (US$2.36M), Ciudad de México (US$2.29M), Durango (US$1.92M), and Chihuahua (US$406k).

The states with the most international purchases in 2023 were Ciudad de México (US$5.72M), Estado de México (US$2.97M), Jalisco (US$2.78M), Quintana Roo (US$1.07M), and Baja California (US$666k).

In 2023, the main commercial destinations of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were United States (US$9.44M), Germany (US$425k), Panama (US$72.6k), Spain (US$54.9k), and Jamaica (US$45.7k).

The main commercial origins of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 in 2023 were China (US$8.71M), El Salvador (US$1.96M), Spain (US$759k), India (US$692k), and United States (US$528k).

In the global context, the main exporting countries of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 in 2022 were China (US$1.68B), India (US$120M), and Germany (US$83.7M). In the same year, the main importing countries of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were United States (US$978M), Germany (US$249M), and France (US$142M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$26M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 in Mexico (including international purchases and sales) was US$26M.

The visualizations show the net balance of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 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 section

July, 2024

  • US$1.45M, International Purchases
  • US$840k, International Sales

In July 2024, international sales of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were US$840k, while international purchases reached US$1.45M. The above results in a trade balance of -US$614k.

Market Concentration

#permalink to section

2024-Q3: US$816k, International Sales

The visualization shows the quarterly concentration of international sales of Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 at state level.

In the third quarter of 2024, international sales were US$816k, being the states with the most sales Ciudad de México (US$234k), Baja California (US$233k), and Jalisco (US$180k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Jalisco: US$2.73M, State with the Most International Sales (2023)

United States: US$9.44M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were Jalisco (US$2.73M), Baja California (US$2.36M), Ciudad de México (US$2.29M), Durango (US$1.92M), and Chihuahua (US$406k).

In 2023, the countries with the most international purchases from Mexico were United States (US$9.44M), Germany (US$425k), Panama (US$72.6k), Spain (US$54.9k), and Jamaica (US$45.7k).

International Purchases

#permalink to section

Ciudad de México: US$5.72M, State with the Most International Purchases (2023)

China: US$8.71M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were Ciudad de México (US$5.72M), Estado de México (US$2.97M), Jalisco (US$2.78M), Quintana Roo (US$1.07M), and Baja California (US$666k).

The countries with the most international sales to Mexico in 2023 were China (US$8.71M), El Salvador (US$1.96M), Spain (US$759k), India (US$692k), and United States (US$528k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94. 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

#permalink to section

  • 0.45%, Mexican share in global exports - 2022
  • 0.66%, Mexican share in global imports - 2022

The visualizations show the global market for Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94. 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 Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were China (US$1.68B), India (US$120M), and Germany (US$83.7M). In the same year, the main importing countries for Taracea Marquetry; Caskets and Cases for Jewelery or Cutlery and Similar Articles, of Wood; Statuettes and other Ornaments, of Wood; Articles of Furniture, Wooden, not Falling in Chapter 94 were United States (US$978M), Germany (US$249M), and France (US$142M).