Electrical, Electronic Equipment
Code 85 (Harmonized System 2012 by 2 digits)
2023: US$223B, Total Trade Exchange
2023: US$103B, International Sales
2023: US$121B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Electrical, Electronic Equipment was US$223B.
In 2023, the states with the most international sales in Electrical, Electronic Equipment were Baja California (US$19.7B), Chihuahua (US$19.6B), Nuevo León (US$13.1B), Jalisco (US$12.5B), and Tamaulipas (US$11.1B).
The states with the most international purchases in 2023 were Chihuahua (US$25.5B), Ciudad de México (US$21.4B), Jalisco (US$17.5B), Baja California (US$15.3B), and Nuevo León (US$11.1B).
In 2023, the main commercial destinations of Electrical, Electronic Equipment were United States (US$91.2B), Canada (US$1.91B), China (US$1.07B), Netherlands (US$949M), and Germany (US$596M).
The main commercial origins of Electrical, Electronic Equipment in 2023 were China (US$39.8B), United States (US$25.1B), Malaysia (US$9.17B), Taiwan (Republic of China) (US$7.57B), and Vietnam (US$5.96B).
In the global context, the main exporting countries of Electrical, Electronic Equipment in 2022 were China (US$1.16T), Taiwan (Republic of China) (US$315B), and South Korea (US$249B). In the same year, the main importing countries of Electrical, Electronic Equipment were United States (US$460B), China (US$453B), and Hong Kong (US$346B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$223B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Electrical, Electronic Equipment in Mexico (including international purchases and sales) was US$223B.
The visualizations show the net balance of Electrical, Electronic Equipment 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, 2024
- US$8.82B, International Sales
- US$11B, International Purchases
In March 2024, international sales of Electrical, Electronic Equipment were US$8.82B and a total of US$11B in international purchases. For this month the net trade balance of Electrical, Electronic Equipment it was of -US$2.17B.
Market Concentration
#permalink to section2024-Q2: US$8.82B, International Sales
The visualization shows the quarterly concentration of international sales of Electrical, Electronic Equipment at state level.
In the second quarter of 2024, international sales were US$8.82B, being the states with the most sales Chihuahua (US$1.75B), Baja California (US$1.53B), and Nuevo León (US$1.16B).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$19.7B, State with the Most International Sales (2023)
United States: US$91.2B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electrical, Electronic Equipment were Baja California (US$19.7B), Chihuahua (US$19.6B), Nuevo León (US$13.1B), Jalisco (US$12.5B), and Tamaulipas (US$11.1B).
In 2023, the countries with the most international purchases from Mexico were United States (US$91.2B), Canada (US$1.91B), China (US$1.07B), Netherlands (US$949M), and Germany (US$596M).
International Purchases
#permalink to sectionChihuahua: US$25.5B, State with the Most International Purchases (2023)
China: US$39.8B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electrical, Electronic Equipment were Chihuahua (US$25.5B), Ciudad de México (US$21.4B), Jalisco (US$17.5B), Baja California (US$15.3B), and Nuevo León (US$11.1B).
The countries with the most international sales to Mexico in 2023 were China (US$39.8B), United States (US$25.1B), Malaysia (US$9.17B), Taiwan (Republic of China) (US$7.57B), and Vietnam (US$5.96B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electrical, Electronic Equipment and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electrical, Electronic Equipment. 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- 2.88%, Mexican share in global exports - 2022
- 3.02%, Mexican share in global imports - 2022
The visualizations show the global market for Electrical, Electronic Equipment. 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 Electrical, Electronic Equipment were China (US$1.16T), Taiwan (Republic of China) (US$315B), and South Korea (US$249B). In the same year, the main importing countries for Electrical, Electronic Equipment were United States (US$460B), China (US$453B), and Hong Kong (US$346B).