Parts and Accessories of Motor Vehicles
Código 8708 (Harmonized System 2012 by 4 digits)
2023: US$73B, Total Trade Exchange
2023: US$40.6B, International Sales
2023: US$32.4B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Parts and Accessories of Motor Vehicles was US$73B.
In 2023, the states with the most international sales in Parts and Accessories of Motor Vehicles were Coahuila de Zaragoza (US$6.39B), Querétaro (US$4.81B), Guanajuato (US$4.2B), Ciudad de México (US$4.03B), and Nuevo León (US$3.6B).
The states with the most international purchases in 2023 were Ciudad de México (US$10.6B), Guanajuato (US$3B), Nuevo León (US$2.79B), Puebla (US$2.39B), and Baja California (US$2.3B).
In 2023, the main commercial destinations of Parts and Accessories of Motor Vehicles were United States (US$36B), Canada (US$1.23B), China (US$943M), Brazil (US$649M), and South Korea (US$468M).
The main commercial origins of Parts and Accessories of Motor Vehicles in 2023 were United States (US$17.3B), China (US$4B), Germany (US$2.53B), Japan (US$1.81B), and Canada (US$1.76B).
In the global context, the main exporting countries of Parts and Accessories of Motor Vehicles in 2022 were Germany (US$62.1B), China (US$49.3B), and Mexico (US$38.2B). In the same year, the main importing countries of Parts and Accessories of Motor Vehicles were United States (US$86.8B), Germany (US$41B), and Mexico (US$29.3B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$73B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Parts and Accessories of Motor Vehicles in Mexico (including international purchases and sales) was US$73B.
The visualizations show the net balance of Parts and Accessories of Motor Vehicles 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$3.22B, International Purchases
- US$3.62B, International Sales
In March 2024, international sales of Parts and Accessories of Motor Vehicles were US$3.62B, while international purchases reached US$3.22B. The above results in a trade balance of US$403M.
Market Concentration
#permalink to section2024-Q2: US$3.62B, International Sales
The visualization shows the quarterly concentration of international sales of Parts and Accessories of Motor Vehicles at state level.
In the second quarter of 2024, international sales were US$3.62B, being the states with the most sales Coahuila de Zaragoza (US$561M), Querétaro (US$432M), and Guanajuato (US$399M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCoahuila de Zaragoza: US$6.39B, State with the Most International Sales (2023)
United States: US$36B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Parts and Accessories of Motor Vehicles were Coahuila de Zaragoza (US$6.39B), Querétaro (US$4.81B), Guanajuato (US$4.2B), Ciudad de México (US$4.03B), and Nuevo León (US$3.6B).
In 2023, the countries with the most international purchases from Mexico were United States (US$36B), Canada (US$1.23B), China (US$943M), Brazil (US$649M), and South Korea (US$468M).
International Purchases
#permalink to sectionCiudad de México: US$10.6B, State with the Most International Purchases (2023)
United States: US$17.3B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Parts and Accessories of Motor Vehicles were Ciudad de México (US$10.6B), Guanajuato (US$3B), Nuevo León (US$2.79B), Puebla (US$2.39B), and Baja California (US$2.3B).
The countries with the most international sales to Mexico in 2023 were United States (US$17.3B), China (US$4B), Germany (US$2.53B), Japan (US$1.81B), and Canada (US$1.76B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Parts and Accessories of Motor Vehicles 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 Motor Vehicles. 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- 8.96%, Mexican share in global exports - 2022
- 6.86%, Mexican share in global imports - 2022
The visualizations show the global market for Parts and Accessories of Motor Vehicles. 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 Motor Vehicles were Germany (US$62.1B), China (US$49.3B), and Mexico (US$38.2B). In the same year, the main importing countries for Parts and Accessories of Motor Vehicles were United States (US$86.8B), Germany (US$41B), and Mexico (US$29.3B).