Oils of Petroleum or Bituminous Minerals

Código 2710 (Harmonized System 2012 by 4 digits)

 2021: US$28.3B, Total Trade Exchange

2021: US$3.4B, International Sales

  2021: US$24.9B, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Oils of Petroleum or Bituminous Minerals was US$28.3B.

In 2021, the states with the most international sales in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$3.31B), Nuevo León (US$26.1M), Estado de México (US$26M), Jalisco (US$21.9M), and Veracruz de Ignacio de la Llave (US$4.14M).

The states with the most international purchases in 2021 were Ciudad de México (US$22.7B), Tamaulipas (US$555M), Chihuahua (US$407M), Estado de México (US$407M), and Nuevo León (US$388M).

In 2021, the main commercial destinations of Oils of Petroleum or Bituminous Minerals were United States (US$2.85B), Panama (US$354M), Singapore (US$58.3M), Brazil (US$20.4M), and United Kingdom (US$19.2M).

The main commercial origins of Oils of Petroleum or Bituminous Minerals in 2021 were United States (US$23.1B), Netherlands (US$850M), South Korea (US$195M), China (US$141M), and Canada (US$135M).

In the global context, the main exporting countries of Oils of Petroleum or Bituminous Minerals in 2020 were . In the same year, the main importing countries of Oils of Petroleum or Bituminous Minerals were .

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$28.3B, Total Trade Exchange (2021)

In 2021, the total trade exchange of Oils of Petroleum or Bituminous Minerals in Mexico (including international purchases and sales) was US$28.3B.

The visualizations show the net balance of Oils of Petroleum or Bituminous Minerals 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 section

February, 2022

  • US$2.07B, International Purchases
  • US$394M, International Sales

In February 2022, international sales of Oils of Petroleum or Bituminous Minerals were US$394M, while international purchases reached US$2.07B. The above results in a trade balance of -US$1.67B.

Market Concentration

#permalink to section

2022-Q1: US$691M, International Sales

The visualization shows the quarterly concentration of international sales of Oils of Petroleum or Bituminous Minerals at state level.

In the first quarter of 2022, international sales were US$691M, being the states with the most sales Ciudad de México (US$675M), Estado de México (US$5.3M), and Nuevo León (US$5.14M).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Ciudad de México: US$3.31B, State with the Most International Sales (2021)

United States: US$2.85B, Main commercial destination (2021)

In 2021, the states with the highest international sales in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$3.31B), Nuevo León (US$26.1M), Estado de México (US$26M), Jalisco (US$21.9M), and Veracruz de Ignacio de la Llave (US$4.14M).

In 2021, the countries with the most international purchases from Mexico were United States (US$2.85B), Panama (US$354M), Singapore (US$58.3M), Brazil (US$20.4M), and United Kingdom (US$19.2M).

International Purchases

#permalink to section

Ciudad de México: US$22.7B, State with the Most International Purchases (2021)

United States: US$23.1B, Main Commercial Origin (2021)

In 2021, the states with the highest international in Oils of Petroleum or Bituminous Minerals were Ciudad de México (US$22.7B), Tamaulipas (US$555M), Chihuahua (US$407M), Estado de México (US$407M), and Nuevo León (US$388M).

The countries with the most international sales to Mexico in 2021 were United States (US$23.1B), Netherlands (US$850M), South Korea (US$195M), China (US$141M), and Canada (US$135M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Oils of Petroleum or Bituminous Minerals  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Oils of Petroleum or Bituminous Minerals. 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

#permalink to section

  • 0%, Mexican share in global exports - 2020
  • 0%, Mexican share in global imports - 2020

The visualizations show the global market for Oils of Petroleum or Bituminous Minerals. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2020, the main exporting countries of Oils of Petroleum or Bituminous Minerals were . In the same year, the main importing countries for Oils of Petroleum or Bituminous Minerals were .