ProceduresGovernment

Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons

Código 8703 (Harmonized System 2012 by 4 digits)

 2023: US$77.1B, Total Trade Exchange

2023: US$58.5B, International Sales

  2023: US$18.6B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons was US$77.1B.

In 2023, the states with the most international sales in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$18.9B), Puebla (US$12.5B), Estado de México (US$8.5B), Nuevo León (US$3.79B), and Jalisco (US$3.15B).

The states with the most international purchases in 2023 were Ciudad de México (US$11.8B), Puebla (US$2.37B), Estado de México (US$1.34B), Nuevo León (US$1.33B), and Jalisco (US$927M).

In 2023, the main commercial destinations of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$35.8B), Germany (US$4.77B), Canada (US$3.65B), Brazil (US$677M), and Puerto Rico (US$270M).

The main commercial origins of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in 2023 were China (US$4.6B), United States (US$4.26B), Japan (US$1.95B), Brazil (US$1.36B), and India (US$1.13B).

In the global context, the main exporting countries of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in 2022 were Germany (US$150B), Japan (US$92.9B), and United States (US$60.2B). In the same year, the main importing countries of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$164B), Germany (US$67.5B), and China (US$47.8B).

Trade Balance of Mexico

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Net Trade Balance

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US$77.1B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in Mexico (including international purchases and sales) was US$77.1B.

The visualizations show the net balance of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons 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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January, 2024

  • US$1.52B, International Purchases
  • US$5.23B, International Sales

In January 2024, international sales of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were US$5.23B, while international purchases reached US$1.52B. The above results in a trade balance of US$3.71B.

Market Concentration

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2024-Q1: US$5.2B, International Sales

The visualization shows the quarterly concentration of international sales of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons at state level.

In the first quarter of 2024, international sales were US$5.2B, being the states with the most sales Ciudad de México (US$3.82B), Puebla (US$966M), and Nuevo León (US$415M).

Exchange by Territory

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International Sales

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Ciudad de México: US$18.9B, State with the Most International Sales (2023)

United States: US$35.8B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$18.9B), Puebla (US$12.5B), Estado de México (US$8.5B), Nuevo León (US$3.79B), and Jalisco (US$3.15B).

In 2023, the countries with the most international purchases from Mexico were United States (US$35.8B), Germany (US$4.77B), Canada (US$3.65B), Brazil (US$677M), and Puerto Rico (US$270M).

International Purchases

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Ciudad de México: US$11.8B, State with the Most International Purchases (2023)

China: US$4.6B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$11.8B), Puebla (US$2.37B), Estado de México (US$1.34B), Nuevo León (US$1.33B), and Jalisco (US$927M).

The countries with the most international sales to Mexico in 2023 were China (US$4.6B), United States (US$4.26B), Japan (US$1.95B), Brazil (US$1.36B), and India (US$1.13B).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons. 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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  • 6.4%, Mexican share in global exports - 2022
  • 1.42%, Mexican share in global imports - 2022

The visualizations show the global market for Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons. 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 Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Germany (US$150B), Japan (US$92.9B), and United States (US$60.2B). In the same year, the main importing countries for Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$164B), Germany (US$67.5B), and China (US$47.8B).