Rice

Código 1006 (Harmonized System 2012 by 4 digits)

 2021: US$445M, Total Trade Exchange

2021: US$14.9M, International Sales

  2021: US$430M, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Rice was US$445M.

In 2021, the states with the most international sales in Rice were Nuevo León (US$6.73M), Veracruz de Ignacio de la Llave (US$4.94M), Estado de México (US$52k), and Quintana Roo (US$28).

The states with the most international purchases in 2021 were Veracruz de Ignacio de la Llave (US$198M), Nuevo León (US$72.6M), Ciudad de México (US$65M), Jalisco (US$24.1M), and Baja California (US$18.1M).

In 2021, the main commercial destinations of Rice were El Salvador (US$6.49M), Panama (US$4.18M), United States (US$412k), Algeria (US$348k), and Colombia (US$236k).

The main commercial origins of Rice in 2021 were United States (US$329M), Uruguay (US$33.2M), Argentina (US$16.2M), Brazil (US$12.5M), and Paraguay (US$5.37M).

In the global context, the main exporting countries of Rice in 2020 were India (US$8.3B), Thailand (US$3.89B), and Vietnam (US$2.49B). In the same year, the main importing countries of Rice were China (US$1.66B), Saudi Arabia (US$1.36B), and United States (US$1.25B).

Trade Balance of Mexico

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Net Trade Balance

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US$445M, Total Trade Exchange (2021)

In 2021, the total trade exchange of Rice in Mexico (including international purchases and sales) was US$445M.

The visualizations show the net balance of Rice 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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February, 2022

  • US$32.1M, International Purchases
  • US$275k, International Sales

In February 2022, international sales of Rice were US$275k, while international purchases reached US$32.1M. The above results in a trade balance of -US$31.8M.

Exchange by Territory

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International Sales

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Nuevo León: US$6.73M, State with the Most International Sales (2021)

El Salvador: US$6.49M, Main commercial destination (2021)

In 2021, the states with the highest international sales in Rice were Nuevo León (US$6.73M), Veracruz de Ignacio de la Llave (US$4.94M), Estado de México (US$52k), and Quintana Roo (US$28).

In 2021, the countries with the most international purchases from Mexico were El Salvador (US$6.49M), Panama (US$4.18M), United States (US$412k), Algeria (US$348k), and Colombia (US$236k).

International Purchases

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Veracruz de Ignacio de la Llave: US$198M, State with the Most International Purchases (2021)

United States: US$329M, Main Commercial Origin (2021)

In 2021, the states with the highest international in Rice were Veracruz de Ignacio de la Llave (US$198M), Nuevo León (US$72.6M), Ciudad de México (US$65M), Jalisco (US$24.1M), and Baja California (US$18.1M).

The countries with the most international sales to Mexico in 2021 were United States (US$329M), Uruguay (US$33.2M), Argentina (US$16.2M), Brazil (US$12.5M), and Paraguay (US$5.37M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Rice  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Rice. 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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  • 0.047%, Mexican share in global exports - 2020
  • 1.54%, Mexican share in global imports - 2020

The visualizations show the global market for Rice. 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 Rice were India (US$8.3B), Thailand (US$3.89B), and Vietnam (US$2.49B). In the same year, the main importing countries for Rice were China (US$1.66B), Saudi Arabia (US$1.36B), and United States (US$1.25B).