ProceduresGovernment

Discs, Tapes and other Media for Sound Recording

Código 8523 (Harmonized System 2012 by 4 digits)

 2023: US$3.88B, Total Trade Exchange

2023: US$901M, International Sales

  2023: US$2.98B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Discs, Tapes and other Media for Sound Recording was US$3.88B.

In 2023, the states with the most international sales in Discs, Tapes and other Media for Sound Recording were Morelos (US$231M), Baja California (US$219M), Chihuahua (US$165M), Jalisco (US$114M), and Ciudad de México (US$77.5M).

The states with the most international purchases in 2023 were Chihuahua (US$1.82B), Nuevo León (US$522M), Ciudad de México (US$259M), Jalisco (US$161M), and Baja California (US$76.6M).

In 2023, the main commercial destinations of Discs, Tapes and other Media for Sound Recording were United States (US$626M), Hungary (US$19.9M), Dominican Republic (US$16.4M), Canada (US$13.7M), and Singapore (US$13.2M).

The main commercial origins of Discs, Tapes and other Media for Sound Recording in 2023 were South Korea (US$863M), China (US$519M), Malaysia (US$376M), Philippines (US$349M), and Taiwan (Republic of China) (US$288M).

In the global context, the main exporting countries of Discs, Tapes and other Media for Sound Recording in 2022 were South Korea (US$13.9B), China (US$10.6B), and Taiwan (Republic of China) (US$9B). In the same year, the main importing countries of Discs, Tapes and other Media for Sound Recording were United States (US$17.9B), China (US$8.65B), and Hong Kong (US$5.96B).

Trade Balance of Mexico

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Net Trade Balance

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US$3.88B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Discs, Tapes and other Media for Sound Recording in Mexico (including international purchases and sales) was US$3.88B.

The visualizations show the net balance of Discs, Tapes and other Media for Sound Recording 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$310M, International Purchases
  • US$70.2M, International Sales

In January 2024, international sales of Discs, Tapes and other Media for Sound Recording were US$70.2M, while international purchases reached US$310M. The above results in a trade balance of -US$240M.

Market Concentration

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2024-Q1: US$108M, International Sales

The visualization shows the quarterly concentration of international sales of Discs, Tapes and other Media for Sound Recording at state level.

In the first quarter of 2024, international sales were US$108M, being the states with the most sales Chihuahua (US$31M), Baja California (US$28.5M), and Ciudad de México (US$21.1M).

Exchange by Territory

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International Sales

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Morelos: US$231M, State with the Most International Sales (2023)

United States: US$626M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Discs, Tapes and other Media for Sound Recording were Morelos (US$231M), Baja California (US$219M), Chihuahua (US$165M), Jalisco (US$114M), and Ciudad de México (US$77.5M).

In 2023, the countries with the most international purchases from Mexico were United States (US$626M), Hungary (US$19.9M), Dominican Republic (US$16.4M), Canada (US$13.7M), and Singapore (US$13.2M).

International Purchases

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Chihuahua: US$1.82B, State with the Most International Purchases (2023)

South Korea: US$863M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Discs, Tapes and other Media for Sound Recording were Chihuahua (US$1.82B), Nuevo León (US$522M), Ciudad de México (US$259M), Jalisco (US$161M), and Baja California (US$76.6M).

The countries with the most international sales to Mexico in 2023 were South Korea (US$863M), China (US$519M), Malaysia (US$376M), Philippines (US$349M), and Taiwan (Republic of China) (US$288M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Discs, Tapes and other Media for Sound Recording  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Discs, Tapes and other Media for Sound Recording. 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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  • 2.82%, Mexican share in global exports - 2022
  • 5.62%, Mexican share in global imports - 2022

The visualizations show the global market for Discs, Tapes and other Media for Sound Recording. 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 Discs, Tapes and other Media for Sound Recording were South Korea (US$13.9B), China (US$10.6B), and Taiwan (Republic of China) (US$9B). In the same year, the main importing countries for Discs, Tapes and other Media for Sound Recording were United States (US$17.9B), China (US$8.65B), and Hong Kong (US$5.96B).