Musical Instrument Strings
Código 920930 (Harmonized System 2012 by 6 digits)
2024: US$9.06M, Total Trade Exchange
2024: US$4.51M, International Sales
2024: US$4.55M, International Purchases
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$714, State with the Most International Sales (2024)
United States: US$714, Main commercial destination (2024)
In 2024, the states with the highest international sales in Musical Instrument Strings were Baja California (US$714).
In 2024, the countries with the most international purchases from Mexico were United States (US$714).
International Purchases
#permalink to sectionCiudad de México: US$2.33M, State with the Most International Purchases (2024)
United States: US$3.17M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Musical Instrument Strings were Ciudad de México (US$2.33M), Baja California (US$656k), San Luis Potosí (US$451k), Jalisco (US$126k), and Chihuahua (US$117k).
The countries with the most international sales to Mexico in 2024 were United States (US$3.17M), China (US$329k), France (US$87.8k), Argentina (US$70.5k), and Germany (US$46.3k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Musical Instrument Strings and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Musical Instrument Strings. 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- 3.38%, Mexican share in global exports - 2022
- 1.39%, Mexican share in global imports - 2022
The visualizations show the global market for Musical Instrument Strings. 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 Musical Instrument Strings were United States (US$107M), Germany (US$38.5M), and Austria (US$27.2M). In the same year, the main importing countries for Musical Instrument Strings were Germany (US$25.1M), France (US$24.4M), and Japan (US$22M).