Machine Needles
Código 845230 (Harmonized System 2012 by 6 digits)
2024: US$7.89M, Total Trade Exchange
2024: US$176k, International Sales
2024: US$7.72M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Machine Needles was US$7.89M.
In 2024, the states with the most international sales in Machine Needles were Baja California (US$128k) and Guanajuato (US$3.23k).
The states with the most international purchases in 2024 were Ciudad de México (US$5.67M), Coahuila de Zaragoza (US$364k), Nuevo León (US$323k), Chihuahua (US$321k), and Tamaulipas (US$275k).
In 2024, the main commercial destinations of Machine Needles were United States (US$128k), Belize (US$1.33k), Guatemala (US$858), Cuba (US$420), and Nicaragua (US$97).
The main commercial origins of Machine Needles in 2024 were India (US$3.41M), Vietnam (US$1.61M), Czech Republic (US$1.47M), China (US$260k), and Taiwan (Republic of China) (US$224k).
In the global context, the main exporting countries of Machine Needles in 2022 were Vietnam (US$54.5M), Singapore (US$53.6M), and India (US$36.1M). In the same year, the main importing countries of Machine Needles were Germany (US$39.4M), Singapore (US$26.3M), and Vietnam (US$25.6M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$7.89M, Total Trade Exchange (2024)
In 2024, the total trade exchange of Machine Needles in Mexico (including international purchases and sales) was US$7.89M.
The visualizations show the net balance of Machine Needles 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, 2025
- US$390k, International Purchases
- US$2.86k, International Sales
In March 2025, international sales of Machine Needles were US$2.86k, while international purchases reached US$390k. The above results in a trade balance of -US$387k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$128k, State with the Most International Sales (2024)
United States: US$128k, Main commercial destination (2024)
In 2024, the states with the highest international sales in Machine Needles were Baja California (US$128k) and Guanajuato (US$3.23k).
In 2024, the countries with the most international purchases from Mexico were United States (US$128k), Belize (US$1.33k), Guatemala (US$858), Cuba (US$420), and Nicaragua (US$97).
International Purchases
#permalink to sectionCiudad de México: US$5.67M, State with the Most International Purchases (2024)
India: US$3.41M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Machine Needles were Ciudad de México (US$5.67M), Coahuila de Zaragoza (US$364k), Nuevo León (US$323k), Chihuahua (US$321k), and Tamaulipas (US$275k).
The countries with the most international sales to Mexico in 2024 were India (US$3.41M), Vietnam (US$1.61M), Czech Republic (US$1.47M), China (US$260k), and Taiwan (Republic of China) (US$224k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machine Needles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machine Needles. 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- 0.0055%, Mexican share in global exports - 2022
- 2.39%, Mexican share in global imports - 2022
The visualizations show the global market for Machine Needles. 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 Machine Needles were Vietnam (US$54.5M), Singapore (US$53.6M), and India (US$36.1M). In the same year, the main importing countries for Machine Needles were Germany (US$39.4M), Singapore (US$26.3M), and Vietnam (US$25.6M).