ProceduresGovernment

Axles and Cranks; Bearings, Bearing Housings and other Speed Changers

Código 8483 (Harmonized System 2012 by 4 digits)

 2023: US$5.26B, Total Trade Exchange

2023: US$1.3B, International Sales

  2023: US$3.96B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers was US$5.26B.

In 2023, the states with the most international sales in Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were Nuevo León (US$244M), Coahuila de Zaragoza (US$226M), Guanajuato (US$148M), Ciudad de México (US$132M), and Jalisco (US$88.6M).

The states with the most international purchases in 2023 were Ciudad de México (US$683M), Nuevo León (US$596M), Coahuila de Zaragoza (US$384M), Querétaro (US$317M), and Chihuahua (US$263M).

In 2023, the main commercial destinations of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were United States (US$1.08B), Canada (US$67.3M), Brazil (US$41M), China (US$20M), and Japan (US$16.6M).

The main commercial origins of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers in 2023 were United States (US$1.5B), China (US$723M), Germany (US$293M), Japan (US$254M), and South Korea (US$170M).

In the global context, the main exporting countries of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers in 2022 were Germany (US$12.3B), China (US$12.1B), and United States (US$7.45B). In the same year, the main importing countries of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were United States (US$11B), Germany (US$6.33B), and China (US$5.52B).

Trade Balance of Mexico

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Net Trade Balance

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US$5.26B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers in Mexico (including international purchases and sales) was US$5.26B.

The visualizations show the net balance of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers 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, 2024

  • US$339M, International Purchases
  • US$104M, International Sales

In February 2024, international sales of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were US$104M, while international purchases reached US$339M. The above results in a trade balance of -US$235M.

Market Concentration

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2024-Q1: US$309M, International Sales

The visualization shows the quarterly concentration of international sales of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers at state level.

In the first quarter of 2024, international sales were US$309M, being the states with the most sales Nuevo León (US$65.6M), Coahuila de Zaragoza (US$47.6M), and Guanajuato (US$31M).

Exchange by Territory

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International Sales

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Nuevo León: US$244M, State with the Most International Sales (2023)

United States: US$1.08B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were Nuevo León (US$244M), Coahuila de Zaragoza (US$226M), Guanajuato (US$148M), Ciudad de México (US$132M), and Jalisco (US$88.6M).

In 2023, the countries with the most international purchases from Mexico were United States (US$1.08B), Canada (US$67.3M), Brazil (US$41M), China (US$20M), and Japan (US$16.6M).

International Purchases

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Ciudad de México: US$683M, State with the Most International Purchases (2023)

United States: US$1.5B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were Ciudad de México (US$683M), Nuevo León (US$596M), Coahuila de Zaragoza (US$384M), Querétaro (US$317M), and Chihuahua (US$263M).

The countries with the most international sales to Mexico in 2023 were United States (US$1.5B), China (US$723M), Germany (US$293M), Japan (US$254M), and South Korea (US$170M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Axles and Cranks; Bearings, Bearing Housings and other Speed Changers  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Axles and Cranks; Bearings, Bearing Housings and other Speed Changers. 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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  • 1.82%, Mexican share in global exports - 2022
  • 4.93%, Mexican share in global imports - 2022

The visualizations show the global market for Axles and Cranks; Bearings, Bearing Housings and other Speed Changers. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2022, the main exporting countries of Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were Germany (US$12.3B), China (US$12.1B), and United States (US$7.45B). In the same year, the main importing countries for Axles and Cranks; Bearings, Bearing Housings and other Speed Changers were United States (US$11B), Germany (US$6.33B), and China (US$5.52B).