Copper and Articles Thereof
Code 74 (Harmonized System 2012 by 2 digits)
2024: US$7.09B, Total Trade Exchange
2024: US$1.82B, International Sales
2024: US$5.27B, International Purchases
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionSonora: US$297M, State with the Most International Sales (2024)
United States: US$1.06B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Copper and Articles Thereof were Sonora (US$297M), Coahuila de Zaragoza (US$275M), Nuevo León (US$229M), Ciudad de México (US$217M), and Puebla (US$166M).
In 2024, the countries with the most international purchases from Mexico were United States (US$1.06B), China (US$207M), South Korea (US$76M), Spain (US$58.1M), and Nicaragua (US$43.4M).
International Purchases
#permalink to sectionCiudad de México: US$1.48B, State with the Most International Purchases (2024)
United States: US$3.46B, Main Commercial Origin (2024)
In 2024, the states with the highest international in Copper and Articles Thereof were Ciudad de México (US$1.48B), Nuevo León (US$802M), Baja California (US$628M), Chihuahua (US$481M), and Coahuila de Zaragoza (US$358M).
The countries with the most international sales to Mexico in 2024 were United States (US$3.46B), Chile (US$461M), Peru (US$365M), China (US$341M), and Germany (US$142M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Copper and Articles Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Copper and Articles Thereof. 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- 1.22%, Mexican share in global exports - 2022
- 1.53%, Mexican share in global imports - 2022
The visualizations show the global market for Copper and Articles Thereof. 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 Copper and Articles Thereof were Chile (US$22.3B), Democratic Republic of the Congo (US$18.6B), and Germany (US$15.9B). In the same year, the main importing countries for Copper and Articles Thereof were China (US$60.9B), Germany (US$15.2B), and United States (US$14.9B).