ProceduresGovernment

Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By)

Código 560229 (Harmonized System 2012 by 6 digits)

 2024: US$20.6M, Total Trade Exchange

2024: US$2.46M, International Sales

  2024: US$18.2M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) was US$20.6M.

In 2024, the states with the most international sales in Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were Guanajuato (US$2.08M), Baja California (US$234k), Coahuila de Zaragoza (US$86.4k), Chihuahua (US$33.8k), and Nuevo León (US$8.3k).

The states with the most international purchases in 2024 were Coahuila de Zaragoza (US$12.1M), Nuevo León (US$2.43M), Baja California (US$1.07M), Tamaulipas (US$791k), and Ciudad de México (US$418k).

In 2024, the main commercial destinations of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were United States (US$2.37M), Vietnam (US$55.1k), Czech Republic (US$11.6k), Canada (US$11.4k), and Australia (US$1.96k).

The main commercial origins of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) in 2024 were United States (US$14.3M), South Korea (US$1.82M), China (US$646k), Japan (US$516k), and Germany (US$191k).

In the global context, the main exporting countries of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) in 2022 were China (US$56.2M), Turkey (US$25.2M), and Mexico (US$17.6M). In the same year, the main importing countries of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were United States (US$32.8M), Sweden (US$11.5M), and Mexico (US$10M).

Trade Balance of Mexico

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Net Trade Balance

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US$20.6M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) in Mexico (including international purchases and sales) was US$20.6M.

The visualizations show the net balance of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) 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$2.68M, International Purchases
  • US$53.8k, International Sales

In March 2025, international sales of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were US$53.8k, while international purchases reached US$2.68M. The above results in a trade balance of -US$2.63M.

Market Concentration

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2025-Q1: US$68.3k, International Sales

The visualization shows the quarterly concentration of international sales of Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) at state level.

In the first quarter of 2025, international sales were US$68.3k, being the states with the most sales Coahuila de Zaragoza (US$65.9k) and Ciudad de México (US$2.33k).

Exchange by Territory

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International Sales

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Guanajuato: US$2.08M, State with the Most International Sales (2024)

United States: US$2.37M, Main commercial destination (2024)

In 2024, the states with the highest international sales in Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were Guanajuato (US$2.08M), Baja California (US$234k), Coahuila de Zaragoza (US$86.4k), Chihuahua (US$33.8k), and Nuevo León (US$8.3k).

In 2024, the countries with the most international purchases from Mexico were United States (US$2.37M), Vietnam (US$55.1k), Czech Republic (US$11.6k), Canada (US$11.4k), and Australia (US$1.96k).

International Purchases

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Coahuila de Zaragoza: US$12.1M, State with the Most International Purchases (2024)

United States: US$14.3M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were Coahuila de Zaragoza (US$12.1M), Nuevo León (US$2.43M), Baja California (US$1.07M), Tamaulipas (US$791k), and Ciudad de México (US$418k).

The countries with the most international sales to Mexico in 2024 were United States (US$14.3M), South Korea (US$1.82M), China (US$646k), Japan (US$516k), and Germany (US$191k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By). 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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  • 8.58%, Mexican share in global exports - 2022
  • 4.9%, Mexican share in global imports - 2022

The visualizations show the global market for Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By). 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 Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were China (US$56.2M), Turkey (US$25.2M), and Mexico (US$17.6M). In the same year, the main importing countries for Felt, not Impregnated, Coated, Covered or Laminated (Excl. of Wool or Fine Animal Hair as well as Needleloom Felt and Stitch-Obtained By) were United States (US$32.8M), Sweden (US$11.5M), and Mexico (US$10M).