Parts of Machines and Electrical Apparatus, Having Individual Functions
Código 854370 (Harmonized System 2012 by 6 digits)
2023: US$5B, Total Trade Exchange
2023: US$3.3B, International Sales
2023: US$1.71B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Parts of Machines and Electrical Apparatus, Having Individual Functions was US$5B.
In 2023, the states with the most international sales in Parts of Machines and Electrical Apparatus, Having Individual Functions were Chihuahua (US$1.02B), Jalisco (US$784M), Nuevo León (US$562M), Guanajuato (US$170M), and Baja California (US$162M).
The states with the most international purchases in 2023 were Ciudad de México (US$739M), Baja California (US$174M), Chihuahua (US$160M), Nuevo León (US$154M), and Aguascalientes (US$91.5M).
In 2023, the main commercial destinations of Parts of Machines and Electrical Apparatus, Having Individual Functions were United States (US$3.04B), China (US$42.9M), Germany (US$38.9M), Brazil (US$32.9M), and Netherlands (US$30.9M).
The main commercial origins of Parts of Machines and Electrical Apparatus, Having Individual Functions in 2023 were United States (US$743M), China (US$319M), Germany (US$117M), Japan (US$80M), and Poland (US$59.3M).
In the global context, the main exporting countries of Parts of Machines and Electrical Apparatus, Having Individual Functions in 2022 were China (US$20.9B), Germany (US$3.8B), and United States (US$3.44B). In the same year, the main importing countries of Parts of Machines and Electrical Apparatus, Having Individual Functions were United States (US$14.9B), China (US$3.61B), and Germany (US$3.57B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Parts of Machines and Electrical Apparatus, Having Individual Functions in Mexico (including international purchases and sales) was US$5B.
The visualizations show the net balance of Parts of Machines and Electrical Apparatus, Having Individual Functions 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 sectionNovember, 2024
- US$211M, International Purchases
- US$317M, International Sales
In November 2024, international sales of Parts of Machines and Electrical Apparatus, Having Individual Functions were US$317M, while international purchases reached US$211M. The above results in a trade balance of US$106M.
Market Concentration
#permalink to section2024-Q4: US$695M, International Sales
The visualization shows the quarterly concentration of international sales of Parts of Machines and Electrical Apparatus, Having Individual Functions at state level.
In the fourth quarter of 2024, international sales were US$695M, being the states with the most sales Chihuahua (US$229M), Nuevo León (US$135M), and Jalisco (US$88M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$1.02B, State with the Most International Sales (2023)
United States: US$3.04B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Parts of Machines and Electrical Apparatus, Having Individual Functions were Chihuahua (US$1.02B), Jalisco (US$784M), Nuevo León (US$562M), Guanajuato (US$170M), and Baja California (US$162M).
In 2023, the countries with the most international purchases from Mexico were United States (US$3.04B), China (US$42.9M), Germany (US$38.9M), Brazil (US$32.9M), and Netherlands (US$30.9M).
International Purchases
#permalink to sectionCiudad de México: US$739M, State with the Most International Purchases (2023)
United States: US$743M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Parts of Machines and Electrical Apparatus, Having Individual Functions were Ciudad de México (US$739M), Baja California (US$174M), Chihuahua (US$160M), Nuevo León (US$154M), and Aguascalientes (US$91.5M).
The countries with the most international sales to Mexico in 2023 were United States (US$743M), China (US$319M), Germany (US$117M), Japan (US$80M), and Poland (US$59.3M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Parts of Machines and Electrical Apparatus, Having Individual Functions and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Parts of Machines and Electrical Apparatus, Having Individual Functions. 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- 5.99%, Mexican share in global exports - 2022
- 2.38%, Mexican share in global imports - 2022
The visualizations show the global market for Parts of Machines and Electrical Apparatus, Having Individual Functions. 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 Machines and Electrical Apparatus, Having Individual Functions were China (US$20.9B), Germany (US$3.8B), and United States (US$3.44B). In the same year, the main importing countries for Parts of Machines and Electrical Apparatus, Having Individual Functions were United States (US$14.9B), China (US$3.61B), and Germany (US$3.57B).