Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified
Código 1507 (Harmonized System 2012 by 4 digits)
2024: US$292M, Total Trade Exchange
2024: US$92.2M, International Sales
2024: US$200M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified was US$292M.
In 2024, the states with the most international sales in Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were Nuevo León (US$51.2M) and Ciudad de México (US$2.49M).
The states with the most international purchases in 2024 were Ciudad de México (US$122M), Jalisco (US$26.5M), Nuevo León (US$23.9M), Estado de México (US$1.59M), and Chihuahua (US$437k).
In 2024, the main commercial destinations of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were United States (US$50.3M), Honduras (US$1.93M), Belize (US$575k), El Salvador (US$252k), and Nicaragua (US$246k).
The main commercial origins of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified in 2024 were United States (US$96.8M), Argentina (US$74M), Brazil (US$2.94M), Spain (US$535k), and China (US$172k).
In the global context, the main exporting countries of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified in 2022 were Argentina (US$6.78B), Brazil (US$3.95B), and Netherlands (US$1.14B). In the same year, the main importing countries of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were India (US$6.66B), Bangladesh (US$948M), and Morocco (US$769M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$292M, Total Trade Exchange (2024)
In 2024, the total trade exchange of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified in Mexico (including international purchases and sales) was US$292M.
The visualizations show the net balance of Soybean Oil (Soya) and its Derivatives, Including 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
#permalink to sectionMarch, 2025
- US$15.9M, International Purchases
- US$5.52M, International Sales
In March 2025, international sales of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were US$5.52M, while international purchases reached US$15.9M. The above results in a trade balance of -US$10.4M.
Market Concentration
#permalink to section2025-Q1: US$5.21M, International Sales
The visualization shows the quarterly concentration of international sales of Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified at state level.
In the first quarter of 2025, international sales were US$5.21M, being the states with the most sales Nuevo León (US$4.41M) and Ciudad de México (US$795k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$51.2M, State with the Most International Sales (2024)
United States: US$50.3M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were Nuevo León (US$51.2M) and Ciudad de México (US$2.49M).
In 2024, the countries with the most international purchases from Mexico were United States (US$50.3M), Honduras (US$1.93M), Belize (US$575k), El Salvador (US$252k), and Nicaragua (US$246k).
International Purchases
#permalink to sectionCiudad de México: US$122M, State with the Most International Purchases (2024)
United States: US$96.8M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were Ciudad de México (US$122M), Jalisco (US$26.5M), Nuevo León (US$23.9M), Estado de México (US$1.59M), and Chihuahua (US$437k).
The countries with the most international sales to Mexico in 2024 were United States (US$96.8M), Argentina (US$74M), Brazil (US$2.94M), Spain (US$535k), and China (US$172k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Soybean Oil (Soya) and its Derivatives, Including 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 Soybean Oil (Soya) and its Derivatives, Including 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.082%, Mexican share in global exports - 2022
- 0.76%, Mexican share in global imports - 2022
The visualizations show the global market for Soybean Oil (Soya) and its Derivatives, Including 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 Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were Argentina (US$6.78B), Brazil (US$3.95B), and Netherlands (US$1.14B). In the same year, the main importing countries for Soybean Oil (Soya) and its Derivatives, Including Refined, but not Chemically Modified were India (US$6.66B), Bangladesh (US$948M), and Morocco (US$769M).