Other Furniture and Parts
Código 9403 (Harmonized System 2012 by 4 digits)
2023: US$3.02B, Total Trade Exchange
2023: US$2.14B, International Sales
2023: US$881M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Other Furniture and Parts was US$3.02B.
In 2023, the states with the most international sales in Other Furniture and Parts were Baja California (US$585M), Chihuahua (US$343M), Tamaulipas (US$295M), Jalisco (US$218M), and Nuevo León (US$122M).
The states with the most international purchases in 2023 were Ciudad de México (US$302M), Nuevo León (US$114M), Estado de México (US$94.3M), Chihuahua (US$69.5M), and Baja California (US$64.4M).
In 2023, the main commercial destinations of Other Furniture and Parts were United States (US$2.05B), Canada (US$26.2M), Guatemala (US$10.4M), Colombia (US$4.91M), and Dominican Republic (US$4.65M).
The main commercial origins of Other Furniture and Parts in 2023 were China (US$420M), United States (US$218M), Italy (US$41.5M), Vietnam (US$41.2M), and Spain (US$31.1M).
In the global context, the main exporting countries of Other Furniture and Parts in 2022 were China (US$34.2B), Vietnam (US$10.1B), and Germany (US$8.27B). In the same year, the main importing countries of Other Furniture and Parts were United States (US$33.2B), Germany (US$8.31B), and France (US$6.15B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.02B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Other Furniture and Parts in Mexico (including international purchases and sales) was US$3.02B.
The visualizations show the net balance of Other Furniture and Parts 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$80.4M, International Purchases
- US$166M, International Sales
In March 2024, international sales of Other Furniture and Parts were US$166M, while international purchases reached US$80.4M. The above results in a trade balance of US$86.1M.
Market Concentration
#permalink to section2024-Q2: US$166M, International Sales
The visualization shows the quarterly concentration of international sales of Other Furniture and Parts at state level.
In the second quarter of 2024, international sales were US$166M, being the states with the most sales Baja California (US$52.1M), Tamaulipas (US$27.7M), and Chihuahua (US$24M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$585M, State with the Most International Sales (2023)
United States: US$2.05B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Other Furniture and Parts were Baja California (US$585M), Chihuahua (US$343M), Tamaulipas (US$295M), Jalisco (US$218M), and Nuevo León (US$122M).
In 2023, the countries with the most international purchases from Mexico were United States (US$2.05B), Canada (US$26.2M), Guatemala (US$10.4M), Colombia (US$4.91M), and Dominican Republic (US$4.65M).
International Purchases
#permalink to sectionCiudad de México: US$302M, State with the Most International Purchases (2023)
China: US$420M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Other Furniture and Parts were Ciudad de México (US$302M), Nuevo León (US$114M), Estado de México (US$94.3M), Chihuahua (US$69.5M), and Baja California (US$64.4M).
The countries with the most international sales to Mexico in 2023 were China (US$420M), United States (US$218M), Italy (US$41.5M), Vietnam (US$41.2M), and Spain (US$31.1M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Other Furniture and Parts and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Other Furniture and Parts. 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- 2.11%, Mexican share in global exports - 2022
- 0.85%, Mexican share in global imports - 2022
The visualizations show the global market for Other Furniture and Parts. 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 Other Furniture and Parts were China (US$34.2B), Vietnam (US$10.1B), and Germany (US$8.27B). In the same year, the main importing countries for Other Furniture and Parts were United States (US$33.2B), Germany (US$8.31B), and France (US$6.15B).