Motor Vehicles for the Transport of Goods
Código 8704 (Harmonized System 2012 by 4 digits)
2023: US$42.5B, Total Trade Exchange
2023: US$38.5B, International Sales
2023: US$3.98B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Motor Vehicles for the Transport of Goods was US$42.5B.
In 2023, the states with the most international sales in Motor Vehicles for the Transport of Goods were Ciudad de México (US$24.6B), Baja California (US$4.86B), Estado de México (US$2.65B), Chihuahua (US$2.03B), and Nuevo León (US$739M).
The states with the most international purchases in 2023 were Ciudad de México (US$2.51B), Estado de México (US$868M), Sonora (US$148M), Puebla (US$99.3M), and Baja California (US$86.7M).
In 2023, the main commercial destinations of Motor Vehicles for the Transport of Goods were United States (US$31.8B), Canada (US$1.36B), Brazil (US$321M), Saudi Arabia (US$185M), and Australia (US$159M).
The main commercial origins of Motor Vehicles for the Transport of Goods in 2023 were United States (US$1.31B), China (US$558M), Japan (US$516M), Thailand (US$478M), and Brazil (US$428M).
In the global context, the main exporting countries of Motor Vehicles for the Transport of Goods in 2022 were Mexico (US$28.8B), United States (US$20B), and Thailand (US$12B). In the same year, the main importing countries of Motor Vehicles for the Transport of Goods were United States (US$31.3B), Canada (US$18.2B), and Australia (US$9.48B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$42.5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Motor Vehicles for the Transport of Goods in Mexico (including international purchases and sales) was US$42.5B.
The visualizations show the net balance of Motor Vehicles for the Transport of Goods 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$510M, International Purchases
- US$3.5B, International Sales
In March 2024, international sales of Motor Vehicles for the Transport of Goods were US$3.5B, while international purchases reached US$510M. The above results in a trade balance of US$2.99B.
Market Concentration
#permalink to section2024-Q2: US$2.41B, International Sales
The visualization shows the quarterly concentration of international sales of Motor Vehicles for the Transport of Goods at state level.
In the second quarter of 2024, international sales were US$2.41B, being the states with the most sales Ciudad de México (US$2.27B) and Nuevo León (US$137M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$24.6B, State with the Most International Sales (2023)
United States: US$31.8B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Motor Vehicles for the Transport of Goods were Ciudad de México (US$24.6B), Baja California (US$4.86B), Estado de México (US$2.65B), Chihuahua (US$2.03B), and Nuevo León (US$739M).
In 2023, the countries with the most international purchases from Mexico were United States (US$31.8B), Canada (US$1.36B), Brazil (US$321M), Saudi Arabia (US$185M), and Australia (US$159M).
International Purchases
#permalink to sectionCiudad de México: US$2.51B, State with the Most International Purchases (2023)
United States: US$1.31B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Motor Vehicles for the Transport of Goods were Ciudad de México (US$2.51B), Estado de México (US$868M), Sonora (US$148M), Puebla (US$99.3M), and Baja California (US$86.7M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.31B), China (US$558M), Japan (US$516M), Thailand (US$478M), and Brazil (US$428M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Motor Vehicles for the Transport of Goods and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Motor Vehicles for the Transport of Goods. 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- 17.7%, Mexican share in global exports - 2022
- 1.67%, Mexican share in global imports - 2022
The visualizations show the global market for Motor Vehicles for the Transport of Goods. 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 Vehicles for the Transport of Goods were Mexico (US$28.8B), United States (US$20B), and Thailand (US$12B). In the same year, the main importing countries for Motor Vehicles for the Transport of Goods were United States (US$31.3B), Canada (US$18.2B), and Australia (US$9.48B).