ProceduresGovernment

Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified

Código 1511 (Harmonized System 2012 by 4 digits)

 2023: US$653M, Total Trade Exchange

2023: US$23.6M, International Sales

  2023: US$630M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified was US$653M.

In 2023, the states with the most international sales in Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were Nuevo León (US$134k).

The states with the most international purchases in 2023 were Jalisco (US$216M), Ciudad de México (US$122M), Estado de México (US$59.8M), Chiapas (US$16.8M), and Guanajuato (US$3.66M).

In 2023, the main commercial destinations of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were United States (US$134k) and Italy (US$38).

The main commercial origins of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified in 2023 were Honduras (US$105M), Colombia (US$88M), Guatemala (US$79.5M), Peru (US$66.8M), and Costa Rica (US$32.3M).

In the global context, the main exporting countries of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified in 2022 were Indonesia (US$29.4B), Malaysia (US$18.1B), and Thailand (US$1.38B). In the same year, the main importing countries of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were India (US$11.6B), China (US$5.34B), and Pakistan (US$3.77B).

Trade Balance of Mexico

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Net Trade Balance

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US$653M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified in Mexico (including international purchases and sales) was US$653M.

The visualizations show the net balance of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified 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$68.7M, International Purchases
  • US$1.62M, International Sales

In February 2024, international sales of Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were US$1.62M, while international purchases reached US$68.7M. The above results in a trade balance of -US$67M.

Exchange by Territory

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International Sales

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Nuevo León: US$134k, State with the Most International Sales (2023)

United States: US$134k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were Nuevo León (US$134k).

In 2023, the countries with the most international purchases from Mexico were United States (US$134k) and Italy (US$38).

International Purchases

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Jalisco: US$216M, State with the Most International Purchases (2023)

Honduras: US$105M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were Jalisco (US$216M), Ciudad de México (US$122M), Estado de México (US$59.8M), Chiapas (US$16.8M), and Guanajuato (US$3.66M).

The countries with the most international sales to Mexico in 2023 were Honduras (US$105M), Colombia (US$88M), Guatemala (US$79.5M), Peru (US$66.8M), and Costa Rica (US$32.3M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified. 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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  • 0.029%, Mexican share in global exports - 2022
  • 0.94%, Mexican share in global imports - 2022

The visualizations show the global market for Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified. 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 Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were Indonesia (US$29.4B), Malaysia (US$18.1B), and Thailand (US$1.38B). In the same year, the main importing countries for Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified were India (US$11.6B), China (US$5.34B), and Pakistan (US$3.77B).