ProceduresGovernment

Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution

Código 8538 (Harmonized System 2012 by 4 digits)

 2023: US$7.28B, Total Trade Exchange

2023: US$2.24B, International Sales

  2023: US$5.04B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution was US$7.28B.

In 2023, the states with the most international sales in Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were Sonora (US$540M), Chihuahua (US$368M), Nuevo León (US$276M), Baja California (US$233M), and Tamaulipas (US$211M).

The states with the most international purchases in 2023 were Chihuahua (US$1.01B), Sonora (US$745M), Nuevo León (US$614M), Baja California (US$493M), and Tamaulipas (US$390M).

In 2023, the main commercial destinations of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were United States (US$1.99B), Nicaragua (US$94M), Honduras (US$21.8M), China (US$21.6M), and Germany (US$15.4M).

The main commercial origins of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution in 2023 were United States (US$2.51B), China (US$1.02B), Japan (US$263M), Germany (US$245M), and South Korea (US$103M).

In the global context, the main exporting countries of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution in 2022 were China (US$6.98B), Germany (US$6.55B), and United States (US$4.61B). In the same year, the main importing countries of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were Mexico (US$4.54B), United States (US$4.35B), and China (US$3.99B).

Trade Balance of Mexico

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Net Trade Balance

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US$7.28B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution in Mexico (including international purchases and sales) was US$7.28B.

The visualizations show the net balance of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution 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

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February, 2024

  • US$423M, International Purchases
  • US$184M, International Sales

In February 2024, international sales of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were US$184M, while international purchases reached US$423M. The above results in a trade balance of -US$239M.

Market Concentration

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2024-Q1: US$522M, International Sales

The visualization shows the quarterly concentration of international sales of Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution at state level.

In the first quarter of 2024, international sales were US$522M, being the states with the most sales Sonora (US$106M), Chihuahua (US$82.8M), and Nuevo León (US$63.7M).

Exchange by Territory

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International Sales

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Sonora: US$540M, State with the Most International Sales (2023)

United States: US$1.99B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were Sonora (US$540M), Chihuahua (US$368M), Nuevo León (US$276M), Baja California (US$233M), and Tamaulipas (US$211M).

In 2023, the countries with the most international purchases from Mexico were United States (US$1.99B), Nicaragua (US$94M), Honduras (US$21.8M), China (US$21.6M), and Germany (US$15.4M).

International Purchases

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Chihuahua: US$1.01B, State with the Most International Purchases (2023)

United States: US$2.51B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were Chihuahua (US$1.01B), Sonora (US$745M), Nuevo León (US$614M), Baja California (US$493M), and Tamaulipas (US$390M).

The countries with the most international sales to Mexico in 2023 were United States (US$2.51B), China (US$1.02B), Japan (US$263M), Germany (US$245M), and South Korea (US$103M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution. 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

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  • 4.16%, Mexican share in global exports - 2022
  • 10.8%, Mexican share in global imports - 2022

The visualizations show the global market for Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution. 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 of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were China (US$6.98B), Germany (US$6.55B), and United States (US$4.61B). In the same year, the main importing countries for Parts of Apparatus for Protecting Electrical Circuits, with a Voltage Exceeding 1000 V and Boards, Panels, for Electricity Control and Distribution were Mexico (US$4.54B), United States (US$4.35B), and China (US$3.99B).