Boats and Floating Structures
Code 89 (Harmonized System 2012 by 2 digits)
2024: US$1.54B, Total Trade Exchange
2024: US$1.38B, International Sales
2024: US$165M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Boats and Floating Structures was US$1.54B.
In 2024, the states with the most international sales in Boats and Floating Structures were Baja California (US$102M), Tamaulipas (US$88.5M), Nuevo León (US$84M), Ciudad de México (US$17.6M), and Yucatán (US$654k).
The states with the most international purchases in 2024 were Baja California (US$70.3M), Ciudad de México (US$54.4M), Nuevo León (US$11.3M), Quintana Roo (US$11M), and Baja California Sur (US$6.02M).
In 2024, the main commercial destinations of Boats and Floating Structures were United States (US$249M), Panama (US$15.8M), Netherlands (US$9.97M), Canada (US$4.47M), and Japan (US$3M).
The main commercial origins of Boats and Floating Structures in 2024 were United States (US$108M), China (US$21M), Canada (US$12.7M), Panama (US$11M), and Hong Kong (US$2.14M).
In the global context, the main exporting countries of Boats and Floating Structures in 2022 were South Korea (US$24.3B), China (US$22.6B), and Japan (US$10.4B). In the same year, the main importing countries of Boats and Floating Structures were Liberia (US$11.2B), Singapore (US$9.01B), and United States (US$7.87B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.54B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Boats and Floating Structures in Mexico (including international purchases and sales) was US$1.54B.
The visualizations show the net balance of Boats and Floating Structures 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
#permalink to sectionMarch, 2025
- US$76.2M, International Sales
- US$3.8M, International Purchases
In March 2025, international sales of Boats and Floating Structures were US$76.2M and a total of US$3.8M in international purchases. For this month the net trade balance of Boats and Floating Structures it was of US$72.4M.
Market Concentration
#permalink to section2025-Q1: US$16.8M, International Sales
The visualization shows the quarterly concentration of international sales of Boats and Floating Structures at state level.
In the first quarter of 2025, international sales were US$16.8M, being the states with the most sales Baja California (US$14.8M) and Nuevo León (US$1.95M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$102M, State with the Most International Sales (2024)
United States: US$249M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Boats and Floating Structures were Baja California (US$102M), Tamaulipas (US$88.5M), Nuevo León (US$84M), Ciudad de México (US$17.6M), and Yucatán (US$654k).
In 2024, the countries with the most international purchases from Mexico were United States (US$249M), Panama (US$15.8M), Netherlands (US$9.97M), Canada (US$4.47M), and Japan (US$3M).
International Purchases
#permalink to sectionBaja California: US$70.3M, State with the Most International Purchases (2024)
United States: US$108M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Boats and Floating Structures were Baja California (US$70.3M), Ciudad de México (US$54.4M), Nuevo León (US$11.3M), Quintana Roo (US$11M), and Baja California Sur (US$6.02M).
The countries with the most international sales to Mexico in 2024 were United States (US$108M), China (US$21M), Canada (US$12.7M), Panama (US$11M), and Hong Kong (US$2.14M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Boats and Floating Structures and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Boats and Floating Structures. 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.66%, Mexican share in global exports - 2022
- 0.16%, Mexican share in global imports - 2022
The visualizations show the global market for Boats and Floating Structures. 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 Boats and Floating Structures were South Korea (US$24.3B), China (US$22.6B), and Japan (US$10.4B). In the same year, the main importing countries for Boats and Floating Structures were Liberia (US$11.2B), Singapore (US$9.01B), and United States (US$7.87B).