ProceduresGovernment

Musical Instruments; their Parts & Accessories

Code 92 (Harmonized System 2012 by 2 digits)

 2023: US$199M, Total Trade Exchange

2023: US$110M, International Sales

  2023: US$89M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Musical Instruments; their Parts & Accessories was US$199M.

In 2023, the states with the most international sales in Musical Instruments; their Parts & Accessories were Baja California (US$84.5M), San Luis Potosí (US$609k), Nuevo León (US$477k), Chihuahua (US$402k), and Ciudad de México (US$265k).

The states with the most international purchases in 2023 were Ciudad de México (US$50.3M), Baja California (US$14.1M), Jalisco (US$8.12M), Coahuila de Zaragoza (US$5.47M), and San Luis Potosí (US$1.96M).

In 2023, the main commercial destinations of Musical Instruments; their Parts & Accessories were United States (US$85.8M), China (US$423k), Guatemala (US$111k), El Salvador (US$23.5k), and Dominican Republic (US$9.82k).

The main commercial origins of Musical Instruments; their Parts & Accessories in 2023 were China (US$45.8M), United States (US$15.1M), Indonesia (US$11.8M), Taiwan (Republic of China) (US$3.08M), and South Korea (US$2.47M).

In the global context, the main exporting countries of Musical Instruments; their Parts & Accessories in 2022 were China (US$2.59B), Indonesia (US$1.21B), and Germany (US$997M). In the same year, the main importing countries of Musical Instruments; their Parts & Accessories were United States (US$1.98B), Germany (US$885M), and China (US$621M).

Trade Balance of Mexico

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Net Trade Balance

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US$199M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Musical Instruments; their Parts & Accessories in Mexico (including international purchases and sales) was US$199M.

The visualizations show the net balance of Musical Instruments; their Parts & Accessories 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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February, 2024

  • US$11.2M, International Sales
  • US$5.98M, International Purchases

In February 2024, international sales of Musical Instruments; their Parts & Accessories were US$11.2M and a total of US$5.98M in international purchases. For this month the net trade balance of Musical Instruments; their Parts & Accessories it was of US$5.22M.

Market Concentration

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2024-Q1: US$18.4M, International Sales

The visualization shows the quarterly concentration of international sales of Musical Instruments; their Parts & Accessories at state level.

In the first quarter of 2024, international sales were US$18.4M, being the states with the most sales Baja California (US$18M), Chihuahua (US$310k), and Ciudad de México (US$88k).

Exchange by Territory

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International Sales

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Baja California: US$84.5M, State with the Most International Sales (2023)

United States: US$85.8M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Musical Instruments; their Parts & Accessories were Baja California (US$84.5M), San Luis Potosí (US$609k), Nuevo León (US$477k), Chihuahua (US$402k), and Ciudad de México (US$265k).

In 2023, the countries with the most international purchases from Mexico were United States (US$85.8M), China (US$423k), Guatemala (US$111k), El Salvador (US$23.5k), and Dominican Republic (US$9.82k).

International Purchases

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Ciudad de México: US$50.3M, State with the Most International Purchases (2023)

China: US$45.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Musical Instruments; their Parts & Accessories were Ciudad de México (US$50.3M), Baja California (US$14.1M), Jalisco (US$8.12M), Coahuila de Zaragoza (US$5.47M), and San Luis Potosí (US$1.96M).

The countries with the most international sales to Mexico in 2023 were China (US$45.8M), United States (US$15.1M), Indonesia (US$11.8M), Taiwan (Republic of China) (US$3.08M), and South Korea (US$2.47M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Musical Instruments; their Parts & Accessories  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Musical Instruments; their Parts & Accessories. 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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  • 2.75%, Mexican share in global exports - 2022
  • 0.9%, Mexican share in global imports - 2022

The visualizations show the global market for Musical Instruments; their Parts & Accessories. 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 Instruments; their Parts & Accessories were China (US$2.59B), Indonesia (US$1.21B), and Germany (US$997M). In the same year, the main importing countries for Musical Instruments; their Parts & Accessories were United States (US$1.98B), Germany (US$885M), and China (US$621M).