ProceduresGovernment

Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material

Código 8466 (Harmonized System 2012 by 4 digits)

 2023: US$894M, Total Trade Exchange

2023: US$101M, International Sales

  2023: US$793M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material was US$894M.

In 2023, the states with the most international sales in Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were Nuevo León (US$30.1M), Sonora (US$12.4M), Coahuila de Zaragoza (US$11.2M), Baja California (US$10.6M), and Chihuahua (US$10.1M).

The states with the most international purchases in 2023 were Nuevo León (US$132M), Querétaro (US$114M), Ciudad de México (US$72.3M), Chihuahua (US$66.2M), and Coahuila de Zaragoza (US$63.7M).

In 2023, the main commercial destinations of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were United States (US$86.1M), Germany (US$3.4M), Canada (US$2.14M), Japan (US$1.13M), and China (US$942k).

The main commercial origins of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material in 2023 were United States (US$262M), Germany (US$154M), China (US$100M), Japan (US$77.9M), and Italy (US$34.9M).

In the global context, the main exporting countries of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material in 2022 were Germany (US$3.64B), China (US$2.22B), and United States (US$1.69B). In the same year, the main importing countries of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were United States (US$2.99B), Germany (US$1.99B), and China (US$1.77B).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$894M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material in Mexico (including international purchases and sales) was US$894M.

The visualizations show the net balance of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material 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 section

February, 2024

  • US$64.3M, International Purchases
  • US$6.63M, International Sales

In February 2024, international sales of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were US$6.63M, while international purchases reached US$64.3M. The above results in a trade balance of -US$57.6M.

Market Concentration

#permalink to section

2024-Q1: US$20.7M, International Sales

The visualization shows the quarterly concentration of international sales of Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material at state level.

In the first quarter of 2024, international sales were US$20.7M, being the states with the most sales Nuevo León (US$5.89M), Coahuila de Zaragoza (US$3.37M), and Sonora (US$2.92M).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Nuevo León: US$30.1M, State with the Most International Sales (2023)

United States: US$86.1M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were Nuevo León (US$30.1M), Sonora (US$12.4M), Coahuila de Zaragoza (US$11.2M), Baja California (US$10.6M), and Chihuahua (US$10.1M).

In 2023, the countries with the most international purchases from Mexico were United States (US$86.1M), Germany (US$3.4M), Canada (US$2.14M), Japan (US$1.13M), and China (US$942k).

International Purchases

#permalink to section

Nuevo León: US$132M, State with the Most International Purchases (2023)

United States: US$262M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were Nuevo León (US$132M), Querétaro (US$114M), Ciudad de México (US$72.3M), Chihuahua (US$66.2M), and Coahuila de Zaragoza (US$63.7M).

The countries with the most international sales to Mexico in 2023 were United States (US$262M), Germany (US$154M), China (US$100M), Japan (US$77.9M), and Italy (US$34.9M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material. 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

#permalink to section

  • 0.43%, Mexican share in global exports - 2022
  • 3.53%, Mexican share in global imports - 2022

The visualizations show the global market for Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material. 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 Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were Germany (US$3.64B), China (US$2.22B), and United States (US$1.69B). In the same year, the main importing countries for Parts and Accessories of Machine-Tools, for Working Wood, Bone, Hard Plastics or Rubber or Similar, and for Working any Material by Removal of Material were United States (US$2.99B), Germany (US$1.99B), and China (US$1.77B).