ProceduresGovernment

Corn

Código 1005 (Harmonized System 2012 by 4 digits)

 2023: US$5.99B, Total Trade Exchange

2023: US$120M, International Sales

  2023: US$5.87B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Corn was US$5.99B.

In 2023, the states with the most international sales in Corn were Ciudad de México (US$85.1M), Jalisco (US$13.7M), Puebla (US$5.08M), Nayarit (US$1.16M), and Estado de México (US$440k).

The states with the most international purchases in 2023 were Ciudad de México (US$1.65B), Jalisco (US$810M), Durango (US$336M), Querétaro (US$334M), and Guanajuato (US$296M).

In 2023, the main commercial destinations of Corn were Venezuela (US$41.8M), Peru (US$14.6M), Ecuador (US$13M), Guatemala (US$12.6M), and El Salvador (US$5.65M).

The main commercial origins of Corn in 2023 were United States (US$3.5B), Brazil (US$504M), South Africa (US$99.5M), Chile (US$8.1M), and Argentina (US$7.93M).

In the global context, the main exporting countries of Corn in 2022 were United States (US$19.6B), Brazil (US$12.5B), and Argentina (US$10B). In the same year, the main importing countries of Corn were China (US$6.84B), Japan (US$5.42B), and Mexico (US$5.13B).

Trade Balance of Mexico

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Net Trade Balance

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US$5.99B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Corn in Mexico (including international purchases and sales) was US$5.99B.

The visualizations show the net balance of Corn 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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December, 2023

  • US$514M, International Purchases
  • US$1.44M, International Sales

In December 2023, international sales of Corn were US$1.44M, while international purchases reached US$514M. The above results in a trade balance of -US$513M.

Market Concentration

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2024-Q1: US$1.3M, International Sales

The visualization shows the quarterly concentration of international sales of Corn at state level.

In the first quarter of 2024, international sales were US$1.3M, being the states with the most sales Ciudad de México (US$1.18M), Jalisco (US$110k), and Baja California (US$8.66k).

Exchange by Territory

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International Sales

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Ciudad de México: US$85.1M, State with the Most International Sales (2023)

Venezuela: US$41.8M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Corn were Ciudad de México (US$85.1M), Jalisco (US$13.7M), Puebla (US$5.08M), Nayarit (US$1.16M), and Estado de México (US$440k).

In 2023, the countries with the most international purchases from Mexico were Venezuela (US$41.8M), Peru (US$14.6M), Ecuador (US$13M), Guatemala (US$12.6M), and El Salvador (US$5.65M).

International Purchases

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Ciudad de México: US$1.65B, State with the Most International Purchases (2023)

United States: US$3.5B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Corn were Ciudad de México (US$1.65B), Jalisco (US$810M), Durango (US$336M), Querétaro (US$334M), and Guanajuato (US$296M).

The countries with the most international sales to Mexico in 2023 were United States (US$3.5B), Brazil (US$504M), South Africa (US$99.5M), Chile (US$8.1M), and Argentina (US$7.93M).

Specialization

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Specialization by State

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

RCA values ​​greater than 1 indicate that the state has comparative advantages in Corn. 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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  • 0.15%, Mexican share in global exports - 2022
  • 7.8%, Mexican share in global imports - 2022

The visualizations show the global market for Corn. 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 Corn were United States (US$19.6B), Brazil (US$12.5B), and Argentina (US$10B). In the same year, the main importing countries for Corn were China (US$6.84B), Japan (US$5.42B), and Mexico (US$5.13B).