• Mitsui average gross margin for 2023 was 9.22%, a 2.12% increase from 2022.
• Mitsui average gross margin for 2022 was 9.42%, a 14.6% decline from 2021.
• Mitsui average gross margin for 2021 was 11.03%, a 6.45% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.