Electric Motors and Generators
Código 850131 (Harmonized System 2012 by 6 digits)
2023: US$2.36B, Total Trade Exchange
2023: US$1.21B, International Sales
2023: US$1.16B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Electric Motors and Generators was US$2.36B.
In 2023, the states with the most international sales in Electric Motors and Generators were Baja California (US$369M), Tamaulipas (US$223M), Estado de México (US$210M), Querétaro (US$99.4M), and Chihuahua (US$89.5M).
The states with the most international purchases in 2023 were Nuevo León (US$239M), Chihuahua (US$189M), Querétaro (US$114M), Guanajuato (US$76.8M), and Coahuila de Zaragoza (US$73.7M).
In 2023, the main commercial destinations of Electric Motors and Generators were United States (US$1.1B), Canada (US$12.4M), Brazil (US$12.2M), China (US$8.75M), and Czech Republic (US$7.65M).
The main commercial origins of Electric Motors and Generators in 2023 were China (US$310M), Japan (US$204M), United States (US$171M), South Korea (US$135M), and Germany (US$83.7M).
In the global context, the main exporting countries of Electric Motors and Generators in 2022 were China (US$4.48B), Germany (US$1.71B), and Japan (US$1.52B). In the same year, the main importing countries of Electric Motors and Generators were United States (US$2.75B), Germany (US$1.69B), and Mexico (US$1.11B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.36B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Electric Motors and Generators in Mexico (including international purchases and sales) was US$2.36B.
The visualizations show the net balance of Electric Motors and Generators 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 sectionNovember, 2024
- US$91.2M, International Purchases
- US$69.3M, International Sales
In November 2024, international sales of Electric Motors and Generators were US$69.3M, while international purchases reached US$91.2M. The above results in a trade balance of -US$21.9M.
Market Concentration
#permalink to section2024-Q4: US$152M, International Sales
The visualization shows the quarterly concentration of international sales of Electric Motors and Generators at state level.
In the fourth quarter of 2024, international sales were US$152M, being the states with the most sales Tamaulipas (US$35.4M), Estado de México (US$25.1M), and Chihuahua (US$19.6M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$369M, State with the Most International Sales (2023)
United States: US$1.1B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electric Motors and Generators were Baja California (US$369M), Tamaulipas (US$223M), Estado de México (US$210M), Querétaro (US$99.4M), and Chihuahua (US$89.5M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.1B), Canada (US$12.4M), Brazil (US$12.2M), China (US$8.75M), and Czech Republic (US$7.65M).
International Purchases
#permalink to sectionNuevo León: US$239M, State with the Most International Purchases (2023)
China: US$310M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electric Motors and Generators were Nuevo León (US$239M), Chihuahua (US$189M), Querétaro (US$114M), Guanajuato (US$76.8M), and Coahuila de Zaragoza (US$73.7M).
The countries with the most international sales to Mexico in 2023 were China (US$310M), Japan (US$204M), United States (US$171M), South Korea (US$135M), and Germany (US$83.7M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electric Motors and Generators and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electric Motors and Generators. 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- 7.38%, Mexican share in global exports - 2022
- 7.41%, Mexican share in global imports - 2022
The visualizations show the global market for Electric Motors and Generators. 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 Electric Motors and Generators were China (US$4.48B), Germany (US$1.71B), and Japan (US$1.52B). In the same year, the main importing countries for Electric Motors and Generators were United States (US$2.75B), Germany (US$1.69B), and Mexico (US$1.11B).