ProceduresGovernment

Articles of Natural Cork

Código 4503 (Harmonized System 2012 by 4 digits)

 2023: US$50.1M, Total Trade Exchange

2023: US$3.01M, International Sales

  2023: US$47M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Articles of Natural Cork was US$50.1M.

In 2023, the states with the most international sales in Articles of Natural Cork were Ciudad de México (US$2.18M), Jalisco (US$781k), and Baja California (US$15.4k).

The states with the most international purchases in 2023 were Jalisco (US$27.5M), Ciudad de México (US$10.4M), Baja California (US$3.37M), Estado de México (US$1.06M), and Oaxaca (US$911k).

In 2023, the main commercial destinations of Articles of Natural Cork were United States (US$2.79M), Portugal (US$138k), Nicaragua (US$18k), Costa Rica (US$10.4k), and Guatemala (US$7.72k).

The main commercial origins of Articles of Natural Cork in 2023 were Portugal (US$31.2M), Spain (US$8.12M), United States (US$4.57M), United Kingdom (US$231k), and France (US$229k).

In the global context, the main exporting countries of Articles of Natural Cork in 2022 were Portugal (US$508M), Spain (US$43.2M), and France (US$29.4M). In the same year, the main importing countries of Articles of Natural Cork were United States (US$176M), France (US$132M), and Italy (US$65.1M).

Trade Balance of Mexico

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Net Trade Balance

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US$50.1M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Articles of Natural Cork in Mexico (including international purchases and sales) was US$50.1M.

The visualizations show the net balance of Articles of Natural Cork 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$4.93M, International Purchases
  • US$336k, International Sales

In July 2024, international sales of Articles of Natural Cork were US$336k, while international purchases reached US$4.93M. The above results in a trade balance of -US$4.6M.

Market Concentration

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2024-Q3: US$198k, International Sales

The visualization shows the quarterly concentration of international sales of Articles of Natural Cork at state level.

In the third quarter of 2024, international sales were US$198k, being the states with the most sales Jalisco (US$198k).

Exchange by Territory

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International Sales

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Ciudad de México: US$2.18M, State with the Most International Sales (2023)

United States: US$2.79M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Articles of Natural Cork were Ciudad de México (US$2.18M), Jalisco (US$781k), and Baja California (US$15.4k).

In 2023, the countries with the most international purchases from Mexico were United States (US$2.79M), Portugal (US$138k), Nicaragua (US$18k), Costa Rica (US$10.4k), and Guatemala (US$7.72k).

International Purchases

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Jalisco: US$27.5M, State with the Most International Purchases (2023)

Portugal: US$31.2M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Articles of Natural Cork were Jalisco (US$27.5M), Ciudad de México (US$10.4M), Baja California (US$3.37M), Estado de México (US$1.06M), and Oaxaca (US$911k).

The countries with the most international sales to Mexico in 2023 were Portugal (US$31.2M), Spain (US$8.12M), United States (US$4.57M), United Kingdom (US$231k), and France (US$229k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Articles of Natural Cork  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Articles of Natural Cork. 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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  • 0.62%, Mexican share in global exports - 2022
  • 3.34%, Mexican share in global imports - 2022

The visualizations show the global market for Articles of Natural Cork. 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 Articles of Natural Cork were Portugal (US$508M), Spain (US$43.2M), and France (US$29.4M). In the same year, the main importing countries for Articles of Natural Cork were United States (US$176M), France (US$132M), and Italy (US$65.1M).