ProceduresGovernment

Oils of Petroleum or Bituminous Minerals

Código 2710 (Harmonized System 2012 by 4 digits)

 2023: US$36.1B, Total Trade Exchange

2023: US$4.55B, International Sales

  2023: US$31.5B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Oils of Petroleum or Bituminous Minerals was US$36.1B.

In 2023, the states with the most international sales in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$4.34B), Tamaulipas (US$78.2M), Nuevo León (US$62.2M), Estado de México (US$39.1M), and Jalisco (US$28.7M).

The states with the most international purchases in 2023 were Ciudad de México (US$29.9B), Estado de México (US$486M), Nuevo León (US$375M), Tamaulipas (US$229M), and Jalisco (US$199M).

In 2023, the main commercial destinations of Oils of Petroleum or Bituminous Minerals were United States (US$4.4B), Colombia (US$20.2M), Guatemala (US$20.1M), Costa Rica (US$16.7M), and Nicaragua (US$11.4M).

The main commercial origins of Oils of Petroleum or Bituminous Minerals in 2023 were United States (US$28.6B), Singapore (US$824M), China (US$564M), Japan (US$438M), and Malaysia (US$300M).

In the global context, the main exporting countries of Oils of Petroleum or Bituminous Minerals in 2022 were . In the same year, the main importing countries of Oils of Petroleum or Bituminous Minerals were .

Trade Balance of Mexico

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Net Trade Balance

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US$36.1B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Oils of Petroleum or Bituminous Minerals in Mexico (including international purchases and sales) was US$36.1B.

The visualizations show the net balance of Oils of Petroleum or Bituminous Minerals 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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February, 2024

  • US$1.71B, International Purchases
  • US$320M, International Sales

In February 2024, international sales of Oils of Petroleum or Bituminous Minerals were US$320M, while international purchases reached US$1.71B. The above results in a trade balance of -US$1.39B.

Market Concentration

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2024-Q1: US$1.4B, International Sales

The visualization shows the quarterly concentration of international sales of Oils of Petroleum or Bituminous Minerals at state level.

In the first quarter of 2024, international sales were US$1.4B, being the states with the most sales Ciudad de México (US$1.37B), Nuevo León (US$13.5M), and Estado de México (US$9.35M).

Exchange by Territory

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International Sales

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Ciudad de México: US$4.34B, State with the Most International Sales (2023)

United States: US$4.4B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$4.34B), Tamaulipas (US$78.2M), Nuevo León (US$62.2M), Estado de México (US$39.1M), and Jalisco (US$28.7M).

In 2023, the countries with the most international purchases from Mexico were United States (US$4.4B), Colombia (US$20.2M), Guatemala (US$20.1M), Costa Rica (US$16.7M), and Nicaragua (US$11.4M).

International Purchases

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Ciudad de México: US$29.9B, State with the Most International Purchases (2023)

United States: US$28.6B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$29.9B), Estado de México (US$486M), Nuevo León (US$375M), Tamaulipas (US$229M), and Jalisco (US$199M).

The countries with the most international sales to Mexico in 2023 were United States (US$28.6B), Singapore (US$824M), China (US$564M), Japan (US$438M), and Malaysia (US$300M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Oils of Petroleum or Bituminous Minerals  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Oils of Petroleum or Bituminous Minerals. 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%, Mexican share in global exports - 2022
  • 0%, Mexican share in global imports - 2022

The visualizations show the global market for Oils of Petroleum or Bituminous Minerals. 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 Oils of Petroleum or Bituminous Minerals were . In the same year, the main importing countries for Oils of Petroleum or Bituminous Minerals were .