Mineral or Chemical Nitrogenados
Código 3102 (Harmonized System 2012 by 4 digits)
2024: US$1.07B, Total Trade Exchange
2024: US$23.9M, International Sales
2024: US$1.05B, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Mineral or Chemical Nitrogenados was US$1.07B.
In 2024, the states with the most international sales in Mineral or Chemical Nitrogenados were Michoacán de Ocampo (US$14.8M), Jalisco (US$4.3M), Nuevo León (US$1.8M), Chihuahua (US$532k), and Estado de México (US$204k).
The states with the most international purchases in 2024 were Jalisco (US$321M), Sonora (US$170M), Michoacán de Ocampo (US$94.9M), Veracruz de Ignacio de la Llave (US$71.3M), and Estado de México (US$66.5M).
In 2024, the main commercial destinations of Mineral or Chemical Nitrogenados were Peru (US$10.6M), United States (US$4.76M), Chile (US$2.61M), Costa Rica (US$1.47M), and Ecuador (US$472k).
The main commercial origins of Mineral or Chemical Nitrogenados in 2024 were Russia (US$252M), United States (US$214M), Qatar (US$164M), China (US$58.6M), and Netherlands (US$45.2M).
In the global context, the main exporting countries of Mineral or Chemical Nitrogenados in 2022 were Russia (US$6.35B), China (US$6.12B), and Oman (US$4.69B). In the same year, the main importing countries of Mineral or Chemical Nitrogenados were India (US$7.4B), Brazil (US$6.71B), and United States (US$4.89B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.07B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Mineral or Chemical Nitrogenados in Mexico (including international purchases and sales) was US$1.07B.
The visualizations show the net balance of Mineral or Chemical Nitrogenados 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 sectionDecember, 2024
- US$58.2M, International Purchases
- US$3.5M, International Sales
In December 2024, international sales of Mineral or Chemical Nitrogenados were US$3.5M, while international purchases reached US$58.2M. The above results in a trade balance of -US$54.7M.
Market Concentration
#permalink to section2024-Q4: US$476k, International Sales
The visualization shows the quarterly concentration of international sales of Mineral or Chemical Nitrogenados at state level.
In the fourth quarter of 2024, international sales were US$476k, being the states with the most sales Nuevo León (US$460k) and Estado de México (US$15.9k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionMichoacán de Ocampo: US$14.8M, State with the Most International Sales (2024)
Peru: US$10.6M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Mineral or Chemical Nitrogenados were Michoacán de Ocampo (US$14.8M), Jalisco (US$4.3M), Nuevo León (US$1.8M), Chihuahua (US$532k), and Estado de México (US$204k).
In 2024, the countries with the most international purchases from Mexico were Peru (US$10.6M), United States (US$4.76M), Chile (US$2.61M), Costa Rica (US$1.47M), and Ecuador (US$472k).
International Purchases
#permalink to sectionJalisco: US$321M, State with the Most International Purchases (2024)
Russia: US$252M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Mineral or Chemical Nitrogenados were Jalisco (US$321M), Sonora (US$170M), Michoacán de Ocampo (US$94.9M), Veracruz de Ignacio de la Llave (US$71.3M), and Estado de México (US$66.5M).
The countries with the most international sales to Mexico in 2024 were Russia (US$252M), United States (US$214M), Qatar (US$164M), China (US$58.6M), and Netherlands (US$45.2M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Mineral or Chemical Nitrogenados and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Mineral or Chemical Nitrogenados. 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- 0.06%, Mexican share in global exports - 2022
- 1.91%, Mexican share in global imports - 2022
The visualizations show the global market for Mineral or Chemical Nitrogenados. 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 or Chemical Nitrogenados were Russia (US$6.35B), China (US$6.12B), and Oman (US$4.69B). In the same year, the main importing countries for Mineral or Chemical Nitrogenados were India (US$7.4B), Brazil (US$6.71B), and United States (US$4.89B).