Plastics and Rubbers
Code 7 (Harmonized System 2012 by Sector)
2024: US$57.8B, Total Trade Exchange
2024: US$17.2B, International Sales
2024: US$40.7B, International Purchases
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$2.28B, State with the Most International Sales (2024)
United States: US$14.3B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Plastics and Rubbers were Ciudad de México (US$2.28B), Tamaulipas (US$1.97B), Baja California (US$1.85B), Nuevo León (US$1.78B), and Chihuahua (US$1.56B).
In 2024, the countries with the most international purchases from Mexico were United States (US$14.3B), Guatemala (US$244M), Canada (US$234M), Brazil (US$210M), and El Salvador (US$157M).
International Purchases
#permalink to sectionCiudad de México: US$8.37B, State with the Most International Purchases (2024)
United States: US$23.3B, Main Commercial Origin (2024)
In 2024, the states with the highest international in Plastics and Rubbers were Ciudad de México (US$8.37B), Nuevo León (US$4.41B), Baja California (US$4.37B), Chihuahua (US$3.84B), and Estado de México (US$2.94B).
The countries with the most international sales to Mexico in 2024 were United States (US$23.3B), China (US$6.1B), South Korea (US$1.5B), Germany (US$1.43B), and Japan (US$1.15B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Plastics and Rubbers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Plastics and Rubbers. 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- 1.61%, Mexican share in global exports - 2022
- 3.68%, Mexican share in global imports - 2022
The visualizations show the global market for Plastics and Rubbers. 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 Plastics and Rubbers were China (US$174B), United States (US$99B), and Germany (US$96.8B). In the same year, the main importing countries for Plastics and Rubbers were United States (US$128B), China (US$88.7B), and Germany (US$70.2B).