Padlocks and Locks of Base Metal; Common Metal Keys for these Items
Código 8301 (Harmonized System 2012 by 4 digits)
2024: US$2.2B, Total Trade Exchange
2024: US$1.34B, International Sales
2024: US$855M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Padlocks and Locks of Base Metal; Common Metal Keys for these Items was US$2.2B.
In 2024, the states with the most international sales in Padlocks and Locks of Base Metal; Common Metal Keys for these Items were Baja California (US$450M), Sonora (US$293M), Puebla (US$159M), Chihuahua (US$107M), and Nuevo León (US$96.9M).
The states with the most international purchases in 2024 were Baja California (US$177M), Sonora (US$167M), Ciudad de México (US$118M), Estado de México (US$82.8M), and Nuevo León (US$65.4M).
In 2024, the main commercial destinations of Padlocks and Locks of Base Metal; Common Metal Keys for these Items were United States (US$1.27B), Brazil (US$22.1M), Germany (US$9.31M), Canada (US$5.54M), and Czech Republic (US$4.21M).
The main commercial origins of Padlocks and Locks of Base Metal; Common Metal Keys for these Items in 2024 were China (US$331M), United States (US$257M), Taiwan (Republic of China) (US$63.8M), Vietnam (US$34.7M), and Canada (US$33.4M).
In the global context, the main exporting countries of Padlocks and Locks of Base Metal; Common Metal Keys for these Items in 2022 were China (US$4.85B), Germany (US$1.33B), and Mexico (US$1.27B). In the same year, the main importing countries of Padlocks and Locks of Base Metal; Common Metal Keys for these Items were United States (US$3.08B), Germany (US$1.14B), and Mexico (US$828M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.2B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Padlocks and Locks of Base Metal; Common Metal Keys for these Items in Mexico (including international purchases and sales) was US$2.2B.
The visualizations show the net balance of Padlocks and Locks of Base Metal; Common Metal Keys for these Items 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 sectionDecember, 2024
- US$61.9M, International Purchases
- US$114M, International Sales
In December 2024, international sales of Padlocks and Locks of Base Metal; Common Metal Keys for these Items were US$114M, while international purchases reached US$61.9M. The above results in a trade balance of US$51.7M.
Market Concentration
#permalink to section2024-Q4: US$349M, International Sales
The visualization shows the quarterly concentration of international sales of Padlocks and Locks of Base Metal; Common Metal Keys for these Items at state level.
In the fourth quarter of 2024, international sales were US$349M, being the states with the most sales Baja California (US$119M), Sonora (US$75.2M), and Puebla (US$36.8M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$450M, State with the Most International Sales (2024)
United States: US$1.27B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Padlocks and Locks of Base Metal; Common Metal Keys for these Items were Baja California (US$450M), Sonora (US$293M), Puebla (US$159M), Chihuahua (US$107M), and Nuevo León (US$96.9M).
In 2024, the countries with the most international purchases from Mexico were United States (US$1.27B), Brazil (US$22.1M), Germany (US$9.31M), Canada (US$5.54M), and Czech Republic (US$4.21M).
International Purchases
#permalink to sectionBaja California: US$177M, State with the Most International Purchases (2024)
China: US$331M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Padlocks and Locks of Base Metal; Common Metal Keys for these Items were Baja California (US$177M), Sonora (US$167M), Ciudad de México (US$118M), Estado de México (US$82.8M), and Nuevo León (US$65.4M).
The countries with the most international sales to Mexico in 2024 were China (US$331M), United States (US$257M), Taiwan (Republic of China) (US$63.8M), Vietnam (US$34.7M), and Canada (US$33.4M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Padlocks and Locks of Base Metal; Common Metal Keys for these Items and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Padlocks and Locks of Base Metal; Common Metal Keys for these Items. 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- 8.59%, Mexican share in global exports - 2022
- 5.62%, Mexican share in global imports - 2022
The visualizations show the global market for Padlocks and Locks of Base Metal; Common Metal Keys for these Items. 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 Padlocks and Locks of Base Metal; Common Metal Keys for these Items were China (US$4.85B), Germany (US$1.33B), and Mexico (US$1.27B). In the same year, the main importing countries for Padlocks and Locks of Base Metal; Common Metal Keys for these Items were United States (US$3.08B), Germany (US$1.14B), and Mexico (US$828M).