ProceduresGovernment

Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather

Código 321000 (Harmonized System 2012 by 6 digits)

 2024: US$21M, Total Trade Exchange

2024: US$425k, International Sales

  2024: US$20.6M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather was US$21M.

In 2024, the states with the most international sales in Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were Guanajuato (US$133k), Ciudad de México (US$107k), Estado de México (US$51.5k), Baja California (US$30.8k), and Nuevo León (US$5.02k).

The states with the most international purchases in 2024 were Ciudad de México (US$4.45M), Estado de México (US$2.27M), Guanajuato (US$2.23M), Nuevo León (US$2.01M), and Baja California (US$1.98M).

In 2024, the main commercial destinations of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were United States (US$140k), Guatemala (US$86.3k), Italy (US$78.3k), Chile (US$13.5k), and Bolivia (US$3.04k).

The main commercial origins of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather in 2024 were United States (US$13.4M), Italy (US$2.14M), Germany (US$1.56M), Japan (US$525k), and Belgium (US$399k).

In the global context, the main exporting countries of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather in 2022 were Germany (US$157M), United States (US$78M), and Italy (US$66.4M). In the same year, the main importing countries of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were China (US$64.6M), Turkey (US$41.5M), and Poland (US$38.3M).

Trade Balance of Mexico

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Net Trade Balance

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US$21M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather in Mexico (including international purchases and sales) was US$21M.

The visualizations show the net balance of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather 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$1.84M, International Purchases
  • US$308k, International Sales

In March 2025, international sales of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were US$308k, while international purchases reached US$1.84M. The above results in a trade balance of -US$1.53M.

Market Concentration

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2025-Q1: US$11.8k, International Sales

The visualization shows the quarterly concentration of international sales of Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather at state level.

In the first quarter of 2025, international sales were US$11.8k, being the states with the most sales Guanajuato (US$11.8k).

Exchange by Territory

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International Sales

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Guanajuato: US$133k, State with the Most International Sales (2024)

United States: US$140k, Main commercial destination (2024)

In 2024, the states with the highest international sales in Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were Guanajuato (US$133k), Ciudad de México (US$107k), Estado de México (US$51.5k), Baja California (US$30.8k), and Nuevo León (US$5.02k).

In 2024, the countries with the most international purchases from Mexico were United States (US$140k), Guatemala (US$86.3k), Italy (US$78.3k), Chile (US$13.5k), and Bolivia (US$3.04k).

International Purchases

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Ciudad de México: US$4.45M, State with the Most International Purchases (2024)

United States: US$13.4M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were Ciudad de México (US$4.45M), Estado de México (US$2.27M), Guanajuato (US$2.23M), Nuevo León (US$2.01M), and Baja California (US$1.98M).

The countries with the most international sales to Mexico in 2024 were United States (US$13.4M), Italy (US$2.14M), Germany (US$1.56M), Japan (US$525k), and Belgium (US$399k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather. 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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  • 0.1%, Mexican share in global exports - 2022
  • 2.38%, Mexican share in global imports - 2022

The visualizations show the global market for Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather. 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 Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were Germany (US$157M), United States (US$78M), and Italy (US$66.4M). In the same year, the main importing countries for Paints and Varnishes (Exc Based Polymers Modified Synthetic or Natural.); Prepared Water Pigments of a Kind Used for Finishing Leather were China (US$64.6M), Turkey (US$41.5M), and Poland (US$38.3M).