Rubber and Articles Thereof
Code 40 (Harmonized System 2012 by 2 digits)
2023: US$13.5B, Total Trade Exchange
2023: US$4.74B, International Sales
2023: US$8.75B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Rubber and Articles Thereof was US$13.5B.
In 2023, the states with the most international sales in Rubber and Articles Thereof were Guanajuato (US$925M), San Luis Potosí (US$664M), Ciudad de México (US$590M), Querétaro (US$552M), and Tamaulipas (US$396M).
The states with the most international purchases in 2023 were Ciudad de México (US$2.61B), Guanajuato (US$929M), Querétaro (US$849M), Nuevo León (US$682M), and San Luis Potosí (US$629M).
In 2023, the main commercial destinations of Rubber and Articles Thereof were United States (US$4.18B), Canada (US$101M), Brazil (US$70.7M), China (US$38.4M), and South Korea (US$30.3M).
The main commercial origins of Rubber and Articles Thereof in 2023 were United States (US$3.75B), China (US$1.89B), Japan (US$331M), South Korea (US$279M), and Germany (US$258M).
In the global context, the main exporting countries of Rubber and Articles Thereof in 2022 were China (US$34.3B), Thailand (US$21.5B), and Germany (US$16.8B). In the same year, the main importing countries of Rubber and Articles Thereof were United States (US$38.3B), China (US$17.7B), and Germany (US$16.9B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$13.5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Rubber and Articles Thereof in Mexico (including international purchases and sales) was US$13.5B.
The visualizations show the net balance of Rubber and Articles Thereof 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 sectionNovember, 2024
- US$397M, International Sales
- US$733M, International Purchases
In November 2024, international sales of Rubber and Articles Thereof were US$397M and a total of US$733M in international purchases. For this month the net trade balance of Rubber and Articles Thereof it was of -US$336M.
Market Concentration
#permalink to section2024-Q4: US$822M, International Sales
The visualization shows the quarterly concentration of international sales of Rubber and Articles Thereof at state level.
In the fourth quarter of 2024, international sales were US$822M, being the states with the most sales Guanajuato (US$163M), San Luis Potosí (US$112M), and Querétaro (US$95.4M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionGuanajuato: US$925M, State with the Most International Sales (2023)
United States: US$4.18B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Rubber and Articles Thereof were Guanajuato (US$925M), San Luis Potosí (US$664M), Ciudad de México (US$590M), Querétaro (US$552M), and Tamaulipas (US$396M).
In 2023, the countries with the most international purchases from Mexico were United States (US$4.18B), Canada (US$101M), Brazil (US$70.7M), China (US$38.4M), and South Korea (US$30.3M).
International Purchases
#permalink to sectionCiudad de México: US$2.61B, State with the Most International Purchases (2023)
United States: US$3.75B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Rubber and Articles Thereof were Ciudad de México (US$2.61B), Guanajuato (US$929M), Querétaro (US$849M), Nuevo León (US$682M), and San Luis Potosí (US$629M).
The countries with the most international sales to Mexico in 2023 were United States (US$3.75B), China (US$1.89B), Japan (US$331M), South Korea (US$279M), and Germany (US$258M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Rubber and Articles Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Rubber and Articles Thereof. 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- 2.07%, Mexican share in global exports - 2022
- 3.44%, Mexican share in global imports - 2022
The visualizations show the global market for Rubber and Articles Thereof. 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 Rubber and Articles Thereof were China (US$34.3B), Thailand (US$21.5B), and Germany (US$16.8B). In the same year, the main importing countries for Rubber and Articles Thereof were United States (US$38.3B), China (US$17.7B), and Germany (US$16.9B).