Motor Vehicles for the Transport of ten or more Persons, Including the Driver
Código 8702 (Harmonized System 2012 by 4 digits)
2023: US$678M, Total Trade Exchange
2023: US$57.9M, International Sales
2023: US$620M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Motor Vehicles for the Transport of ten or more Persons, Including the Driver was US$678M.
In 2023, the states with the most international sales in Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Ciudad de México (US$1.87M).
The states with the most international purchases in 2023 were Ciudad de México (US$457M), Nuevo León (US$51.5M), Jalisco (US$39.6M), Estado de México (US$22.8M), and Querétaro (US$17.9M).
In 2023, the main commercial destinations of Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Costa Rica (US$1.23M), Honduras (US$315k), El Salvador (US$182k), Guatemala (US$87.6k), and Cuba (US$55.7k).
The main commercial origins of Motor Vehicles for the Transport of ten or more Persons, Including the Driver in 2023 were Japan (US$174M), China (US$172M), Germany (US$111M), Colombia (US$72.8M), and Hong Kong (US$32.7M).
In the global context, the main exporting countries of Motor Vehicles for the Transport of ten or more Persons, Including the Driver in 2022 were China (US$2.69B), Japan (US$2.2B), and Turkey (US$1.57B). In the same year, the main importing countries of Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Germany (US$1.05B), France (US$961M), and Italy (US$726M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$678M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Motor Vehicles for the Transport of ten or more Persons, Including the Driver in Mexico (including international purchases and sales) was US$678M.
The visualizations show the net balance of Motor Vehicles for the Transport of ten or more Persons, Including the Driver 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$60.8M, International Purchases
In March 2024, international sales of Motor Vehicles for the Transport of ten or more Persons, Including the Driver were US$0, while international purchases reached US$60.8M. The above results in a trade balance of -US$60.8M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$1.87M, State with the Most International Sales (2023)
Costa Rica: US$1.23M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Ciudad de México (US$1.87M).
In 2023, the countries with the most international purchases from Mexico were Costa Rica (US$1.23M), Honduras (US$315k), El Salvador (US$182k), Guatemala (US$87.6k), and Cuba (US$55.7k).
International Purchases
#permalink to sectionCiudad de México: US$457M, State with the Most International Purchases (2023)
Japan: US$174M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Ciudad de México (US$457M), Nuevo León (US$51.5M), Jalisco (US$39.6M), Estado de México (US$22.8M), and Querétaro (US$17.9M).
The countries with the most international sales to Mexico in 2023 were Japan (US$174M), China (US$172M), Germany (US$111M), Colombia (US$72.8M), and Hong Kong (US$32.7M).
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 ten or more Persons, Including the Driver 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 ten or more Persons, Including the Driver. 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- 0.1%, Mexican share in global exports - 2022
- 1.5%, Mexican share in global imports - 2022
The visualizations show the global market for Motor Vehicles for the Transport of ten or more Persons, Including the Driver. 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 ten or more Persons, Including the Driver were China (US$2.69B), Japan (US$2.2B), and Turkey (US$1.57B). In the same year, the main importing countries for Motor Vehicles for the Transport of ten or more Persons, Including the Driver were Germany (US$1.05B), France (US$961M), and Italy (US$726M).