Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric
Código 8417 (Harmonized System 2012 by 4 digits)
2023: US$255M, Total Trade Exchange
2023: US$34.9M, International Sales
2023: US$220M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric was US$255M.
In 2023, the states with the most international sales in Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were Nuevo León (US$20.3M), San Luis Potosí (US$4.62M), Ciudad de México (US$3.71M), Jalisco (US$2.32M), and Coahuila de Zaragoza (US$1.21M).
The states with the most international purchases in 2023 were Nuevo León (US$71.4M), Ciudad de México (US$34.3M), Estado de México (US$25.9M), Baja California (US$15.2M), and San Luis Potosí (US$13.7M).
In 2023, the main commercial destinations of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were United States (US$30.5M), Guatemala (US$875k), Chile (US$737k), Brazil (US$600k), and Costa Rica (US$410k).
The main commercial origins of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric in 2023 were United States (US$68.6M), Italy (US$50.6M), Germany (US$30.5M), China (US$27.3M), and Spain (US$16.3M).
In the global context, the main exporting countries of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric in 2022 were China (US$1.75B), Italy (US$657M), and Germany (US$579M). In the same year, the main importing countries of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were Indonesia (US$516M), United States (US$346M), and Germany (US$218M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$255M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric in Mexico (including international purchases and sales) was US$255M.
The visualizations show the net balance of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric 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 sectionMay, 2024
- US$19M, International Purchases
- US$2.83M, International Sales
In May 2024, international sales of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were US$2.83M, while international purchases reached US$19M. The above results in a trade balance of -US$16.2M.
Market Concentration
#permalink to section2024-Q2: US$5.54M, International Sales
The visualization shows the quarterly concentration of international sales of Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric at state level.
In the second quarter of 2024, international sales were US$5.54M, being the states with the most sales Nuevo León (US$4.83M), Ciudad de México (US$604k), and San Luis Potosí (US$43.2k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$20.3M, State with the Most International Sales (2023)
United States: US$30.5M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were Nuevo León (US$20.3M), San Luis Potosí (US$4.62M), Ciudad de México (US$3.71M), Jalisco (US$2.32M), and Coahuila de Zaragoza (US$1.21M).
In 2023, the countries with the most international purchases from Mexico were United States (US$30.5M), Guatemala (US$875k), Chile (US$737k), Brazil (US$600k), and Costa Rica (US$410k).
International Purchases
#permalink to sectionNuevo León: US$71.4M, State with the Most International Purchases (2023)
United States: US$68.6M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were Nuevo León (US$71.4M), Ciudad de México (US$34.3M), Estado de México (US$25.9M), Baja California (US$15.2M), and San Luis Potosí (US$13.7M).
The countries with the most international sales to Mexico in 2023 were United States (US$68.6M), Italy (US$50.6M), Germany (US$30.5M), China (US$27.3M), and Spain (US$16.3M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric. 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- 0.62%, Mexican share in global exports - 2022
- 3.48%, Mexican share in global imports - 2022
The visualizations show the global market for Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric. 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 Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were China (US$1.75B), Italy (US$657M), and Germany (US$579M). In the same year, the main importing countries for Industrial Furnaces or Laboratory, Including Incinerators, Nonelectric were Indonesia (US$516M), United States (US$346M), and Germany (US$218M).