Chocolate and other Food Preparations Containing Cocoa
Código 1806 (Harmonized System 2012 by 4 digits)
2023: US$1.13B, Total Trade Exchange
2023: US$760M, International Sales
2023: US$371M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Chocolate and other Food Preparations Containing Cocoa was US$1.13B.
In 2023, the states with the most international sales in Chocolate and other Food Preparations Containing Cocoa were Nuevo León (US$344M), Jalisco (US$137M), Tamaulipas (US$97.7M), Ciudad de México (US$67.4M), and Baja California (US$44.9M).
The states with the most international purchases in 2023 were Jalisco (US$76.8M), Estado de México (US$65.3M), Ciudad de México (US$63.7M), Nuevo León (US$58.7M), and Querétaro (US$54.3M).
In 2023, the main commercial destinations of Chocolate and other Food Preparations Containing Cocoa were United States (US$629M), Canada (US$49.4M), Guatemala (US$17.1M), Germany (US$6.63M), and El Salvador (US$6.46M).
The main commercial origins of Chocolate and other Food Preparations Containing Cocoa in 2023 were United States (US$245M), Canada (US$50.2M), Germany (US$25.1M), Belgium (US$13.6M), and Italy (US$7.29M).
In the global context, the main exporting countries of Chocolate and other Food Preparations Containing Cocoa in 2022 were Germany (US$5.53B), Belgium (US$3.41B), and Italy (US$2.53B). In the same year, the main importing countries of Chocolate and other Food Preparations Containing Cocoa were United States (US$3.83B), United Kingdom (US$2.52B), and Germany (US$2.48B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.13B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Chocolate and other Food Preparations Containing Cocoa in Mexico (including international purchases and sales) was US$1.13B.
The visualizations show the net balance of Chocolate and other Food Preparations Containing Cocoa 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 sectionMarch, 2024
- US$32.1M, International Purchases
- US$32.1M, International Sales
In March 2024, international sales of Chocolate and other Food Preparations Containing Cocoa were US$32.1M, while international purchases reached US$32.1M. The above results in a trade balance of US$27.6k.
Market Concentration
#permalink to section2024-Q2: US$27.5M, International Sales
The visualization shows the quarterly concentration of international sales of Chocolate and other Food Preparations Containing Cocoa at state level.
In the second quarter of 2024, international sales were US$27.5M, being the states with the most sales Jalisco (US$9.56M), Ciudad de México (US$4.08M), and Nuevo León (US$3.48M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$344M, State with the Most International Sales (2023)
United States: US$629M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Chocolate and other Food Preparations Containing Cocoa were Nuevo León (US$344M), Jalisco (US$137M), Tamaulipas (US$97.7M), Ciudad de México (US$67.4M), and Baja California (US$44.9M).
In 2023, the countries with the most international purchases from Mexico were United States (US$629M), Canada (US$49.4M), Guatemala (US$17.1M), Germany (US$6.63M), and El Salvador (US$6.46M).
International Purchases
#permalink to sectionJalisco: US$76.8M, State with the Most International Purchases (2023)
United States: US$245M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Chocolate and other Food Preparations Containing Cocoa were Jalisco (US$76.8M), Estado de México (US$65.3M), Ciudad de México (US$63.7M), Nuevo León (US$58.7M), and Querétaro (US$54.3M).
The countries with the most international sales to Mexico in 2023 were United States (US$245M), Canada (US$50.2M), Germany (US$25.1M), Belgium (US$13.6M), and Italy (US$7.29M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Chocolate and other Food Preparations Containing Cocoa and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Chocolate and other Food Preparations Containing Cocoa. 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- 2.17%, Mexican share in global exports - 2022
- 0.91%, Mexican share in global imports - 2022
The visualizations show the global market for Chocolate and other Food Preparations Containing Cocoa. 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 Chocolate and other Food Preparations Containing Cocoa were Germany (US$5.53B), Belgium (US$3.41B), and Italy (US$2.53B). In the same year, the main importing countries for Chocolate and other Food Preparations Containing Cocoa were United States (US$3.83B), United Kingdom (US$2.52B), and Germany (US$2.48B).