Mineral Fuels, Oils, Etc
Code 27 (Harmonized System 2012 by 2 digits)
2024: US$57.1B, Total Trade Exchange
2024: US$27.8B, International Sales
2024: US$29.4B, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Mineral Fuels, Oils, Etc was US$57.1B.
In 2024, the states with the most international sales in Mineral Fuels, Oils, Etc were Ciudad de México (US$27.3B), Baja California (US$277M), Nuevo León (US$73.7M), Estado de México (US$34.5M), and Jalisco (US$33.5M).
The states with the most international purchases in 2024 were Ciudad de México (US$25.5B), Nuevo León (US$1.23B), Estado de México (US$594M), Chihuahua (US$422M), and Coahuila de Zaragoza (US$368M).
In 2024, the main commercial destinations of Mineral Fuels, Oils, Etc were United States (US$5.65B), Guatemala (US$156M), Belize (US$44M), Virgin Islands (US$31.9M), and Colombia (US$23M).
The main commercial origins of Mineral Fuels, Oils, Etc in 2024 were United States (US$27.2B), Colombia (US$678M), China (US$386M), Singapore (US$266M), and Canada (US$224M).
In the global context, the main exporting countries of Mineral Fuels, Oils, Etc in 2022 were United States (US$290B), Russia (US$249B), and Saudi Arabia (US$246B). In the same year, the main importing countries of Mineral Fuels, Oils, Etc were China (US$439B), India (US$263B), and United States (US$239B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$57.1B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Mineral Fuels, Oils, Etc in Mexico (including international purchases and sales) was US$57.1B.
The visualizations show the net balance of Mineral Fuels, Oils, Etc 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, 2025
- US$2.13B, International Sales
- US$2.14B, International Purchases
In March 2025, international sales of Mineral Fuels, Oils, Etc were US$2.13B and a total of US$2.14B in international purchases. For this month the net trade balance of Mineral Fuels, Oils, Etc it was of -US$16.3M.
Market Concentration
#permalink to section2025-Q1: US$5.69B, International Sales
The visualization shows the quarterly concentration of international sales of Mineral Fuels, Oils, Etc at state level.
In the first quarter of 2025, international sales were US$5.69B, being the states with the most sales Ciudad de México (US$5.56B), Baja California (US$73.1M), and Nuevo León (US$28.6M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$27.3B, State with the Most International Sales (2024)
United States: US$5.65B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Mineral Fuels, Oils, Etc were Ciudad de México (US$27.3B), Baja California (US$277M), Nuevo León (US$73.7M), Estado de México (US$34.5M), and Jalisco (US$33.5M).
In 2024, the countries with the most international purchases from Mexico were United States (US$5.65B), Guatemala (US$156M), Belize (US$44M), Virgin Islands (US$31.9M), and Colombia (US$23M).
International Purchases
#permalink to sectionCiudad de México: US$25.5B, State with the Most International Purchases (2024)
United States: US$27.2B, Main Commercial Origin (2024)
In 2024, the states with the highest international in Mineral Fuels, Oils, Etc were Ciudad de México (US$25.5B), Nuevo León (US$1.23B), Estado de México (US$594M), Chihuahua (US$422M), and Coahuila de Zaragoza (US$368M).
The countries with the most international sales to Mexico in 2024 were United States (US$27.2B), Colombia (US$678M), China (US$386M), Singapore (US$266M), and Canada (US$224M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Mineral Fuels, Oils, Etc and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Mineral Fuels, Oils, Etc. 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- 1.36%, Mexican share in global exports - 2022
- 0.66%, Mexican share in global imports - 2022
The visualizations show the global market for Mineral Fuels, Oils, Etc. 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 Mineral Fuels, Oils, Etc were United States (US$290B), Russia (US$249B), and Saudi Arabia (US$246B). In the same year, the main importing countries for Mineral Fuels, Oils, Etc were China (US$439B), India (US$263B), and United States (US$239B).