Musical Instruments; their Parts & Accessories
Code 92 (Harmonized System 2012 by 2 digits)
2024: US$222M, Total Trade Exchange
2024: US$122M, International Sales
2024: US$100M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Musical Instruments; their Parts & Accessories was US$222M.
In 2024, the states with the most international sales in Musical Instruments; their Parts & Accessories were Baja California (US$94.9M), Ciudad de México (US$655k), Chihuahua (US$572k), Estado de México (US$249k), and Nuevo León (US$103k).
The states with the most international purchases in 2024 were Ciudad de México (US$58.5M), Baja California (US$15.7M), Jalisco (US$7.64M), Coahuila de Zaragoza (US$5.37M), and San Luis Potosí (US$3.96M).
In 2024, the main commercial destinations of Musical Instruments; their Parts & Accessories were United States (US$96.1M), Canada (US$214k), Guatemala (US$147k), France (US$33.8k), and Japan (US$24.5k).
The main commercial origins of Musical Instruments; their Parts & Accessories in 2024 were China (US$50.4M), United States (US$17M), Indonesia (US$14.6M), Taiwan (Republic of China) (US$3.2M), and South Korea (US$2.55M).
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
#permalink to sectionNet Trade Balance
#permalink to sectionUS$222M, Total Trade Exchange (2024)
In 2024, the total trade exchange of Musical Instruments; their Parts & Accessories in Mexico (including international purchases and sales) was US$222M.
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
#permalink to sectionMarch, 2025
- US$11.7M, International Sales
- US$8.73M, International Purchases
In March 2025, international sales of Musical Instruments; their Parts & Accessories were US$11.7M and a total of US$8.73M in international purchases. For this month the net trade balance of Musical Instruments; their Parts & Accessories it was of US$2.93M.
Market Concentration
#permalink to section2025-Q1: US$22.3M, 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 2025, international sales were US$22.3M, being the states with the most sales Baja California (US$21.8M), San Luis Potosí (US$355k), and Chihuahua (US$131k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$94.9M, State with the Most International Sales (2024)
United States: US$96.1M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Musical Instruments; their Parts & Accessories were Baja California (US$94.9M), Ciudad de México (US$655k), Chihuahua (US$572k), Estado de México (US$249k), and Nuevo León (US$103k).
In 2024, the countries with the most international purchases from Mexico were United States (US$96.1M), Canada (US$214k), Guatemala (US$147k), France (US$33.8k), and Japan (US$24.5k).
International Purchases
#permalink to sectionCiudad de México: US$58.5M, State with the Most International Purchases (2024)
China: US$50.4M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Musical Instruments; their Parts & Accessories were Ciudad de México (US$58.5M), Baja California (US$15.7M), Jalisco (US$7.64M), Coahuila de Zaragoza (US$5.37M), and San Luis Potosí (US$3.96M).
The countries with the most international sales to Mexico in 2024 were China (US$50.4M), United States (US$17M), Indonesia (US$14.6M), Taiwan (Republic of China) (US$3.2M), and South Korea (US$2.55M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 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).