Mineral Fuels, Oils, Etc

Code 27 (Harmonized System 2012 by 2 digits)

2020: US$27.2B, Total Trade Exchange

 2020: US$17B, International Sales

  2020: US$25.1B, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Mineral Fuels, Oils, Etc was US$27.2B.

In 2020, the states with the most international sales in Mineral Fuels, Oils, Etc were Ciudad de México (US$16.7B), Baja California (US$211M), Nuevo León (US$29.6M), Estado de México (US$19.9M), and Jalisco (US$16.3M).

In the same year, the states with the most international purchases were Ciudad de México (US$20.8B), Nuevo León (US$1.15B), Chihuahua (US$968M), Tamaulipas (US$338M), and Estado de México (US$333M).

In 2020, the main commercial destinations of Mineral Fuels, Oils, Etc were United States (US$1.32B), Panama (US$547M), Guatemala (US$76.8M), Japan (US$45M), and Belize (US$18M).

In the same year, the main commercial origins of Mineral Fuels, Oils, Etc were United States (US$22.7B), China (US$526M), Canada (US$264M), Colombia (US$148M), and Japan (US$91.1M).

In the global context, the main exporting countries of Mineral Fuels, Oils, Etc in 2018 were Russia (US$187B), Saudi Arabia (US$171B), and United States (US$97.6B). In the same year, the main importing countries of Mineral Fuels, Oils, Etc were China (US$289B), United States (US$163B), and India (US$152B).

Trade Balance of Mexico

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Net Trade Balance

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US$27.2B, Total Trade Exchange (2020)

In 2020, the total trade exchange of Mineral Fuels, Oils, Etc in Mexico (including international purchases and sales) was US$27.2B.

The visualizations show the net balance of Mineral Fuels, Oils, Etc 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

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December, 2020: US$2.52B, International Purchases

 December, 2020: US$1.92B, International Sales

In December 2020, international sales of Mineral Fuels, Oils, Etc were US$1.92B, while international purchases reached US$2.52B. The above results in a trade balance of $ -601M.

Market Concentration

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2020-Q4: US$4.6B, International Sales

The visualization shows the quarterly concentration of international sales of Mineral Fuels, Oils, Etc at state level.

In 2020-Q4, international sales were US$4.6B, being the states with the most sales Ciudad de México (US$4.56B), Baja California (US$20.7M), and Nuevo León (US$8.78M).

Exchange by Territory

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International Sales

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Ciudad de México: US$16.7B, State with the Most International Sales (2020)

United States: US$1.32B, Main commercial destination (2020)

In 2020, the states with the highest international sales in Mineral Fuels, Oils, Etc were Ciudad de México (US$16.7B), Baja California (US$211M), Nuevo León (US$29.6M), Estado de México (US$19.9M), and Jalisco (US$16.3M).

In 2020, the countries with the most international purchases from Mexico were United States (US$1.32B), Panama (US$547M), Guatemala (US$76.8M), Japan (US$45M), and Belize (US$18M).

International Purchases

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Ciudad de México: US$20.8B, State with the Most International Purchases (2020)

United States: US$22.7B, Main Commercial Origin (2020)

In 2020, the states with the highest international in Mineral Fuels, Oils, Etc were Ciudad de México (US$20.8B), Nuevo León (US$1.15B), Chihuahua (US$968M), Tamaulipas (US$338M), and Estado de México (US$333M).

The countries with the most international sales to Mexico were United States (US$22.7B), China (US$526M), Canada (US$264M), Colombia (US$148M), and Japan (US$91.1M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Mineral Fuels, Oils, Etc  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Mineral Fuels, Oils, Etc. 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.

Origins and Trade Destinations

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Mineral Fuels, Oils, Etc: US$1.64T, Market Global (2018)

In 2018, the main exporting countries of Mineral Fuels, Oils, Etc were Russia (US$187B), Saudi Arabia (US$171B), and United States (US$97.6B). In the same year, the main importing countries for Mineral Fuels, Oils, Etc were China (US$289B), United States (US$163B), and India (US$152B).

The visualizations show the global market for Mineral Fuels, Oils, Etc. In both graphs Mexico stands out, in order to better identify it in the export and import market.