Tires of Rubber

Código 4011 (Harmonized System 2012 by 4 digits)

 2020: US$3.54B, Total Trade Exchange

2020: US$1.1B, International Sales

  2020: US$2.43B, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Tires of Rubber was US$3.54B.

In 2020, the states with the most international sales in Tires of Rubber were Guanajuato (US$330M), San Luis Potosí (US$325M), Querétaro (US$132M), Nuevo León (US$130M), and Ciudad de México (US$125M).

The states with the most international purchases in 2020 were Ciudad de México (US$1.14B), Querétaro (US$283M), San Luis Potosí (US$232M), Guanajuato (US$185M), and Baja California (US$179M).

In 2020, the main commercial destinations of Tires of Rubber were United States (US$953M), South Korea (US$25.8M), Canada (US$19.6M), Brazil (US$13.6M), and China (US$9.98M).

The main commercial origins of Tires of Rubber in 2020 were United States (US$960M), China (US$670M), Canada (US$138M), South Korea (US$121M), and Brazil (US$101M).

In the global context, the main exporting countries of Tires of Rubber in 2019 were China (US$14.3B), Thailand (US$6.02B), and Japan (US$5.82B). In the same year, the main importing countries of Tires of Rubber were United States (US$14.8B), Germany (US$6.6B), and France (US$3.63B).

Trade Balance of Mexico

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Net Trade Balance

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US$3.54B, Total Trade Exchange (2020)

In 2020, the total trade exchange of Tires of Rubber in Mexico (including international purchases and sales) was US$3.54B.

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

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October, 2021

  • US$292M, International Purchases
  • US$139M, International Sales

In October 2021, international sales of Tires of Rubber were US$139M, while international purchases reached US$292M. The above results in a trade balance of -US$154M.

Market Concentration

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2021-Q4: US$83.7M, International Sales

The visualization shows the quarterly concentration of international sales of Tires of Rubber at state level.

In the fourth quarter of 2021, international sales were US$83.7M, being the states with the most sales Guanajuato (US$39.6M), Ciudad de México (US$19.7M), and Nuevo León (US$12.6M).

Exchange by Territory

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International Sales

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Guanajuato: US$330M, State with the Most International Sales (2020)

United States: US$953M, Main commercial destination (2020)

In 2020, the states with the highest international sales in Tires of Rubber were Guanajuato (US$330M), San Luis Potosí (US$325M), Querétaro (US$132M), Nuevo León (US$130M), and Ciudad de México (US$125M).

In 2020, the countries with the most international purchases from Mexico were United States (US$953M), South Korea (US$25.8M), Canada (US$19.6M), Brazil (US$13.6M), and China (US$9.98M).

International Purchases

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Ciudad de México: US$1.14B, State with the Most International Purchases (2020)

United States: US$960M, Main Commercial Origin (2020)

In 2020, the states with the highest international in Tires of Rubber were Ciudad de México (US$1.14B), Querétaro (US$283M), San Luis Potosí (US$232M), Guanajuato (US$185M), and Baja California (US$179M).

The countries with the most international sales to Mexico in 2020 were United States (US$960M), China (US$670M), Canada (US$138M), South Korea (US$121M), and Brazil (US$101M).

Specialization

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Specialization by State

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The 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.

Origins and Trade Destinations

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  • 1.61%, Mexican share in global exports - 2019
  • 3.74%, Mexican share in global imports - 2019

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 2019, the main exporting countries of Tires of Rubber were China (US$14.3B), Thailand (US$6.02B), and Japan (US$5.82B). In the same year, the main importing countries for Tires of Rubber were United States (US$14.8B), Germany (US$6.6B), and France (US$3.63B).