Copper Ores and Concentrates
Código 2603 (Harmonized System 2012 by 4 digits)
2024: US$6.2B, Total Trade Exchange
2024: US$4.93B, International Sales
2024: US$1.28B, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Copper Ores and Concentrates was US$6.2B.
In 2024, the states with the most international sales in Copper Ores and Concentrates were Sonora (US$3.15B), Coahuila de Zaragoza (US$121M), and San Luis Potosí (US$7.79M).
The states with the most international purchases in 2024 were Sonora (US$1.19B) and Ciudad de México (US$92.1M).
In 2024, the main commercial destinations of Copper Ores and Concentrates were China (US$2.31B), Japan (US$532M), Philippines (US$129M), Germany (US$78.3M), and Taiwan (Republic of China) (US$73M).
The main commercial origins of Copper Ores and Concentrates in 2024 were United States (US$1.19B), Chile (US$56.2M), Ecuador (US$14.1M), Canada (US$13.8M), and Peru (US$7.07M).
In the global context, the main exporting countries of Copper Ores and Concentrates in 2022 were Chile (US$23.3B), Peru (US$13.8B), and Indonesia (US$8.69B). In the same year, the main importing countries of Copper Ores and Concentrates were China (US$50.7B), Japan (US$12.8B), and South Korea (US$6.45B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$6.2B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Copper Ores and Concentrates in Mexico (including international purchases and sales) was US$6.2B.
The visualizations show the net balance of Copper Ores and Concentrates 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 sectionDecember, 2024
- US$98.3M, International Purchases
- US$452M, International Sales
In December 2024, international sales of Copper Ores and Concentrates were US$452M, while international purchases reached US$98.3M. The above results in a trade balance of US$354M.
Market Concentration
#permalink to section2024-Q4: US$1.13B, International Sales
The visualization shows the quarterly concentration of international sales of Copper Ores and Concentrates at state level.
In the fourth quarter of 2024, international sales were US$1.13B, being the states with the most sales Sonora (US$843M), Ciudad de México (US$272M), and Coahuila de Zaragoza (US$15.4M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionSonora: US$3.15B, State with the Most International Sales (2024)
China: US$2.31B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Copper Ores and Concentrates were Sonora (US$3.15B), Coahuila de Zaragoza (US$121M), and San Luis Potosí (US$7.79M).
In 2024, the countries with the most international purchases from Mexico were China (US$2.31B), Japan (US$532M), Philippines (US$129M), Germany (US$78.3M), and Taiwan (Republic of China) (US$73M).
International Purchases
#permalink to sectionSonora: US$1.19B, State with the Most International Purchases (2024)
United States: US$1.19B, Main Commercial Origin (2024)
In 2024, the states with the highest international in Copper Ores and Concentrates were Sonora (US$1.19B) and Ciudad de México (US$92.1M).
The countries with the most international sales to Mexico in 2024 were United States (US$1.19B), Chile (US$56.2M), Ecuador (US$14.1M), Canada (US$13.8M), and Peru (US$7.07M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Copper Ores and Concentrates and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Copper Ores and Concentrates. 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- 3.4%, Mexican share in global exports - 2022
- 1.34%, Mexican share in global imports - 2022
The visualizations show the global market for Copper Ores and Concentrates. 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 Copper Ores and Concentrates were Chile (US$23.3B), Peru (US$13.8B), and Indonesia (US$8.69B). In the same year, the main importing countries for Copper Ores and Concentrates were China (US$50.7B), Japan (US$12.8B), and South Korea (US$6.45B).