ProceduresGovernment

Boats and Floating Structures

Code 89 (Harmonized System 2012 by 2 digits)

 2023: US$1.79B, Total Trade Exchange

2023: US$1.53B, International Sales

  2023: US$259M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Boats and Floating Structures was US$1.79B.

In 2023, the states with the most international sales in Boats and Floating Structures were Tamaulipas (US$148M), Nuevo León (US$129M), Baja California (US$89.8M), Ciudad de México (US$1.26M), and Yucatán (US$81.9k).

The states with the most international purchases in 2023 were Ciudad de México (US$129M), Baja California (US$52.4M), Quintana Roo (US$25.5M), Colima (US$25.3M), and Sinaloa (US$11.2M).

In 2023, the main commercial destinations of Boats and Floating Structures were United States (US$361M), Netherlands (US$2.14M), Japan (US$1.75M), Australia (US$1.51M), and Turkey (US$753k).

The main commercial origins of Boats and Floating Structures in 2023 were United States (US$106M), South Korea (US$63.4M), Indonesia (US$32.4M), Spain (US$25.4M), and Netherlands (US$5.82M).

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

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Net Trade Balance

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US$1.79B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Boats and Floating Structures in Mexico (including international purchases and sales) was US$1.79B.

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

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February, 2024

  • US$157M, International Sales
  • US$16.7M, International Purchases

In February 2024, international sales of Boats and Floating Structures were US$157M and a total of US$16.7M in international purchases. For this month the net trade balance of Boats and Floating Structures it was of US$140M.

Market Concentration

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2024-Q1: US$49.6M, International Sales

The visualization shows the quarterly concentration of international sales of Boats and Floating Structures at state level.

In the first quarter of 2024, international sales were US$49.6M, being the states with the most sales Baja California (US$35.3M), Nuevo León (US$14.1M), and Ciudad de México (US$136k).

Exchange by Territory

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International Sales

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Tamaulipas: US$148M, State with the Most International Sales (2023)

United States: US$361M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Boats and Floating Structures were Tamaulipas (US$148M), Nuevo León (US$129M), Baja California (US$89.8M), Ciudad de México (US$1.26M), and Yucatán (US$81.9k).

In 2023, the countries with the most international purchases from Mexico were United States (US$361M), Netherlands (US$2.14M), Japan (US$1.75M), Australia (US$1.51M), and Turkey (US$753k).

International Purchases

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Ciudad de México: US$129M, State with the Most International Purchases (2023)

United States: US$106M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Boats and Floating Structures were Ciudad de México (US$129M), Baja California (US$52.4M), Quintana Roo (US$25.5M), Colima (US$25.3M), and Sinaloa (US$11.2M).

The countries with the most international sales to Mexico in 2023 were United States (US$106M), South Korea (US$63.4M), Indonesia (US$32.4M), Spain (US$25.4M), and Netherlands (US$5.82M).

Specialization

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Specialization by State

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The 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.

Origins and Trade Destinations

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  • 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).