Tires of Rubber
Código 4011 (Harmonized System 2012 by 4 digits)
2023: US$6.31B, Total Trade Exchange
2023: US$2.08B, International Sales
2023: US$4.23B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Tires of Rubber was US$6.31B.
In 2023, the states with the most international sales in Tires of Rubber were Guanajuato (US$553M), San Luis Potosí (US$474M), Querétaro (US$434M), Ciudad de México (US$234M), and Nuevo León (US$185M).
The states with the most international purchases in 2023 were Ciudad de México (US$1.85B), Guanajuato (US$460M), Querétaro (US$454M), San Luis Potosí (US$362M), and Baja California (US$328M).
In 2023, the main commercial destinations of Tires of Rubber were United States (US$1.83B), Canada (US$57.2M), South Korea (US$27.2M), Brazil (US$26.2M), and Germany (US$14.5M).
The main commercial origins of Tires of Rubber in 2023 were United States (US$1.48B), China (US$1.37B), Canada (US$194M), Brazil (US$193M), and Japan (US$160M).
In the global context, the main exporting countries of Tires of Rubber in 2022 were China (US$19.6B), Thailand (US$7.7B), and Japan (US$6.6B). In the same year, the main importing countries of Tires of Rubber were United States (US$20.2B), Germany (US$7.57B), and France (US$4.33B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$6.31B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Tires of Rubber in Mexico (including international purchases and sales) was US$6.31B.
The visualizations show the net balance of Tires of Rubber 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, 2024
- US$388M, International Purchases
- US$184M, International Sales
In March 2024, international sales of Tires of Rubber were US$184M, while international purchases reached US$388M. The above results in a trade balance of -US$205M.
Market Concentration
#permalink to section2024-Q2: US$140M, International Sales
The visualization shows the quarterly concentration of international sales of Tires of Rubber at state level.
In the second quarter of 2024, international sales were US$140M, being the states with the most sales Guanajuato (US$52.9M), San Luis Potosí (US$39M), and Ciudad de México (US$17.2M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionGuanajuato: US$553M, State with the Most International Sales (2023)
United States: US$1.83B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Tires of Rubber were Guanajuato (US$553M), San Luis Potosí (US$474M), Querétaro (US$434M), Ciudad de México (US$234M), and Nuevo León (US$185M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.83B), Canada (US$57.2M), South Korea (US$27.2M), Brazil (US$26.2M), and Germany (US$14.5M).
International Purchases
#permalink to sectionCiudad de México: US$1.85B, State with the Most International Purchases (2023)
United States: US$1.48B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Tires of Rubber were Ciudad de México (US$1.85B), Guanajuato (US$460M), Querétaro (US$454M), San Luis Potosí (US$362M), and Baja California (US$328M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.48B), China (US$1.37B), Canada (US$194M), Brazil (US$193M), and Japan (US$160M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Tires of Rubber and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Tires of Rubber. 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- 1.99%, Mexican share in global exports - 2022
- 3.9%, Mexican share in global imports - 2022
The visualizations show the global market for Tires of Rubber. 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 Tires of Rubber were China (US$19.6B), Thailand (US$7.7B), and Japan (US$6.6B). In the same year, the main importing countries for Tires of Rubber were United States (US$20.2B), Germany (US$7.57B), and France (US$4.33B).