ProceduresGovernment

Clocks and Watches and Parts Thereof

Code 91 (Harmonized System 2012 by 2 digits)

 2023: US$577M, Total Trade Exchange

2023: US$107M, International Sales

  2023: US$470M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Clocks and Watches and Parts Thereof was US$577M.

In 2023, the states with the most international sales in Clocks and Watches and Parts Thereof were Baja California (US$41.5M), Chihuahua (US$30.6M), Tamaulipas (US$14.9M), Ciudad de México (US$13.7M), and Nuevo León (US$4.15M).

The states with the most international purchases in 2023 were Ciudad de México (US$342M), Estado de México (US$47.3M), Nuevo León (US$37.8M), Quintana Roo (US$9.16M), and Sinaloa (US$8.57M).

In 2023, the main commercial destinations of Clocks and Watches and Parts Thereof were United States (US$93.1M), Switzerland (US$8.83M), France (US$1.68M), Ireland (US$391k), and Hong Kong (US$371k).

The main commercial origins of Clocks and Watches and Parts Thereof in 2023 were Switzerland (US$332M), China (US$73.6M), Japan (US$25.8M), Taiwan (Republic of China) (US$11M), and Thailand (US$8.15M).

In the global context, the main exporting countries of Clocks and Watches and Parts Thereof in 2022 were Switzerland (US$28.9B), China (US$7.16B), and Japan (US$2.11B). In the same year, the main importing countries of Clocks and Watches and Parts Thereof were Hong Kong (US$6.98B), United States (US$6.71B), and China (US$3.87B).

Trade Balance of Mexico

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Net Trade Balance

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US$577M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Clocks and Watches and Parts Thereof in Mexico (including international purchases and sales) was US$577M.

The visualizations show the net balance of Clocks and Watches and Parts Thereof 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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January, 2024

  • US$8.62M, International Sales
  • US$46.3M, International Purchases

In January 2024, international sales of Clocks and Watches and Parts Thereof were US$8.62M and a total of US$46.3M in international purchases. For this month the net trade balance of Clocks and Watches and Parts Thereof it was of -US$37.7M.

Market Concentration

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2024-Q1: US$16.6M, International Sales

The visualization shows the quarterly concentration of international sales of Clocks and Watches and Parts Thereof at state level.

In the first quarter of 2024, international sales were US$16.6M, being the states with the most sales Baja California (US$6.51M), Chihuahua (US$4.08M), and Ciudad de México (US$3.26M).

Exchange by Territory

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International Sales

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Baja California: US$41.5M, State with the Most International Sales (2023)

United States: US$93.1M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Clocks and Watches and Parts Thereof were Baja California (US$41.5M), Chihuahua (US$30.6M), Tamaulipas (US$14.9M), Ciudad de México (US$13.7M), and Nuevo León (US$4.15M).

In 2023, the countries with the most international purchases from Mexico were United States (US$93.1M), Switzerland (US$8.83M), France (US$1.68M), Ireland (US$391k), and Hong Kong (US$371k).

International Purchases

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Ciudad de México: US$342M, State with the Most International Purchases (2023)

Switzerland: US$332M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Clocks and Watches and Parts Thereof were Ciudad de México (US$342M), Estado de México (US$47.3M), Nuevo León (US$37.8M), Quintana Roo (US$9.16M), and Sinaloa (US$8.57M).

The countries with the most international sales to Mexico in 2023 were Switzerland (US$332M), China (US$73.6M), Japan (US$25.8M), Taiwan (Republic of China) (US$11M), and Thailand (US$8.15M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Clocks and Watches and Parts Thereof  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Clocks and Watches and Parts Thereof. 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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  • 0.17%, Mexican share in global exports - 2022
  • 0.82%, Mexican share in global imports - 2022

The visualizations show the global market for Clocks and Watches and Parts Thereof. 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 Clocks and Watches and Parts Thereof were Switzerland (US$28.9B), China (US$7.16B), and Japan (US$2.11B). In the same year, the main importing countries for Clocks and Watches and Parts Thereof were Hong Kong (US$6.98B), United States (US$6.71B), and China (US$3.87B).