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Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C

Código 560900 (Harmonized System 2012 by 6 digits)

 2024: US$52.5M, Total Trade Exchange

2024: US$13.6M, International Sales

  2024: US$38.9M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C was US$52.5M.

In 2024, the states with the most international sales in Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were Sonora (US$2.89M), Chihuahua (US$2.13M), Estado de México (US$2.05M), Aguascalientes (US$1.72M), and Guanajuato (US$1.41M).

The states with the most international purchases in 2024 were Estado de México (US$7.83M), Nuevo León (US$6.89M), Tamaulipas (US$6.3M), Chihuahua (US$4.79M), and Ciudad de México (US$2.93M).

In 2024, the main commercial destinations of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were United States (US$9.99M), Dominican Republic (US$923k), Guatemala (US$533k), Costa Rica (US$338k), and Chile (US$262k).

The main commercial origins of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C in 2024 were China (US$24.5M), United States (US$10.4M), Canada (US$709k), Spain (US$470k), and Brazil (US$464k).

In the global context, the main exporting countries of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C in 2022 were China (US$448M), Germany (US$44.9M), and United States (US$35.2M). In the same year, the main importing countries of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were United States (US$229M), Germany (US$54.6M), and United Kingdom (US$35.9M).

Trade Balance of Mexico

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Net Trade Balance

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US$52.5M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C in Mexico (including international purchases and sales) was US$52.5M.

The visualizations show the net balance of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C 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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March, 2025

  • US$3.04M, International Purchases
  • US$1.34M, International Sales

In March 2025, international sales of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were US$1.34M, while international purchases reached US$3.04M. The above results in a trade balance of -US$1.7M.

Market Concentration

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2025-Q1: US$2.42M, International Sales

The visualization shows the quarterly concentration of international sales of Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C at state level.

In the first quarter of 2025, international sales were US$2.42M, being the states with the most sales Estado de México (US$545k), Chihuahua (US$441k), and Sonora (US$359k).

Exchange by Territory

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International Sales

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Sonora: US$2.89M, State with the Most International Sales (2024)

United States: US$9.99M, Main commercial destination (2024)

In 2024, the states with the highest international sales in Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were Sonora (US$2.89M), Chihuahua (US$2.13M), Estado de México (US$2.05M), Aguascalientes (US$1.72M), and Guanajuato (US$1.41M).

In 2024, the countries with the most international purchases from Mexico were United States (US$9.99M), Dominican Republic (US$923k), Guatemala (US$533k), Costa Rica (US$338k), and Chile (US$262k).

International Purchases

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Estado de México: US$7.83M, State with the Most International Purchases (2024)

China: US$24.5M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were Estado de México (US$7.83M), Nuevo León (US$6.89M), Tamaulipas (US$6.3M), Chihuahua (US$4.79M), and Ciudad de México (US$2.93M).

The countries with the most international sales to Mexico in 2024 were China (US$24.5M), United States (US$10.4M), Canada (US$709k), Spain (US$470k), and Brazil (US$464k).

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 Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C. 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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  • 1.19%, Mexican share in global exports - 2022
  • 3.34%, Mexican share in global imports - 2022

The visualizations show the global market for Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C. 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 Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were China (US$448M), Germany (US$44.9M), and United States (US$35.2M). In the same year, the main importing countries for Articles of Yarn, Strip or Shapes Simil. of Heading 5404 or 5405, or of Twine, Cordage of Heading 5607, N.E.C were United States (US$229M), Germany (US$54.6M), and United Kingdom (US$35.9M).