ProceduresGovernment

Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco)

Código 920290 (Harmonized System 2012 by 6 digits)

 2024: US$68.7M, Total Trade Exchange

2024: US$56.1M, International Sales

  2024: US$12.5M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) was US$68.7M.

In 2024, the states with the most international sales in Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were Baja California (US$38.3M) and Ciudad de México (US$20.1k).

The states with the most international purchases in 2024 were Ciudad de México (US$6.2M), Baja California (US$2.99M), Jalisco (US$1.17M), San Luis Potosí (US$385k), and Nuevo León (US$327k).

In 2024, the main commercial destinations of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were United States (US$38.3M), Portugal (US$49), and Cuba (US$20).

The main commercial origins of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) in 2024 were China (US$6.56M), Indonesia (US$3.6M), United States (US$1.11M), Germany (US$25.7k), and Canada (US$25.1k).

In the global context, the main exporting countries of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) in 2022 were China (US$414M), United States (US$139M), and Indonesia (US$115M). In the same year, the main importing countries of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were United States (US$223M), Germany (US$78.4M), and United Kingdom (US$51.9M).

Trade Balance of Mexico

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Net Trade Balance

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US$68.7M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) in Mexico (including international purchases and sales) was US$68.7M.

The visualizations show the net balance of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) 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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March, 2025

  • US$833k, International Purchases
  • US$5.36M, International Sales

In March 2025, international sales of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were US$5.36M, while international purchases reached US$833k. The above results in a trade balance of US$4.53M.

Market Concentration

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2025-Q1: US$9.12k, International Sales

The visualization shows the quarterly concentration of international sales of Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) at state level.

In the first quarter of 2025, international sales were US$9.12k, being the states with the most sales Ciudad de México (US$9.12k).

Exchange by Territory

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International Sales

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Baja California: US$38.3M, State with the Most International Sales (2024)

United States: US$38.3M, Main commercial destination (2024)

In 2024, the states with the highest international sales in Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were Baja California (US$38.3M) and Ciudad de México (US$20.1k).

In 2024, the countries with the most international purchases from Mexico were United States (US$38.3M), Portugal (US$49), and Cuba (US$20).

International Purchases

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Ciudad de México: US$6.2M, State with the Most International Purchases (2024)

China: US$6.56M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were Ciudad de México (US$6.2M), Baja California (US$2.99M), Jalisco (US$1.17M), San Luis Potosí (US$385k), and Nuevo León (US$327k).

The countries with the most international sales to Mexico in 2024 were China (US$6.56M), Indonesia (US$3.6M), United States (US$1.11M), Germany (US$25.7k), and Canada (US$25.1k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco). 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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  • 9.72%, Mexican share in global exports - 2022
  • 0.83%, Mexican share in global imports - 2022

The visualizations show the global market for Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco). 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 Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were China (US$414M), United States (US$139M), and Indonesia (US$115M). In the same year, the main importing countries for Guitars, Harps and other String Musical Instruments (Excl. with Keyboard, as well as Arco) were United States (US$223M), Germany (US$78.4M), and United Kingdom (US$51.9M).