2023
Exports
$1.78MWorld Rnk 51 / 146
Flag Rnk 870 / 1189
2023
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.23Rnk 625 / 1025
2023
Imports
$280MWorld Rnk 5 / 209
Flag Rnk 262 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $1.78M in Petroleum Jelly, making it the 51st largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 870th most exported product in Mexico. The main destination of Petroleum Jelly exports from Mexico are: Ecuador ($621k), United States ($355k), Thailand ($155k), Guatemala ($128k), and Colombia ($123k).

The fastest growing export markets for Petroleum Jelly of Mexico between 2022 and 2023 were United States ($172k), Thailand ($82k), and Italy ($12.4k).

Imports In 2023, Mexico imported $280M in Petroleum Jelly, becoming the 5th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 262nd most imported product in Mexico. Mexico imports Petroleum Jelly primarily from: China ($207M), United States ($54.3M), Malaysia ($3.19M), Germany ($3.09M), and Japan ($3.05M).

The fastest growing import markets in Petroleum Jelly for Mexico between 2022 and 2023 were Spain ($940k), Chinese Taipei ($597k), and Indonesia ($274k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Jelly. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.78M
IMPORTS (2023)$280M
NET TRADE (2023)-$278M

In 2023, Mexico exported $1.78M in Petroleum Jelly. The main destinations of Mexico exports on Petroleum Jelly were Ecuador ($621k), United States ($355k), Thailand ($155k), Guatemala ($128k), and Colombia ($123k).

In 2023, Mexico imported $280M in Petroleum Jelly, mainly from China ($207M), United States ($54.3M), Malaysia ($3.19M), Germany ($3.09M), and Japan ($3.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$172k (94.3%)
Thailand$82k (112%)
Italy$12.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Mexico WERE (2022 - 2023):
Panama-$368k (-99.6%)
Ecuador-$107k (-14.7%)
Costa Rica-$75.2k (-46%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Petroleum Jelly were:
In 2023, Mexico's main importing competitors in Petroleum Jelly were:

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $409k
TOP IMPORT POTENTIALUnited States+ $6.26M

Petroleum Jelly’s highest export potential is United States. With an export gap of $409k.   Petroleum Jelly’s highest import potential is United States with an import gap of $6.26M.

See methodology.

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