Power Transformers, Static Converters and Inductors
Código 8504 (Harmonized System 2012 by 4 digits)
2023: US$12.5B, Total Trade Exchange
2023: US$6.45B, International Sales
2023: US$6.02B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Power Transformers, Static Converters and Inductors was US$12.5B.
In 2023, the states with the most international sales in Power Transformers, Static Converters and Inductors were Nuevo León (US$2.08B), Jalisco (US$1.35B), Baja California (US$749M), Chihuahua (US$704M), and Tamaulipas (US$526M).
The states with the most international purchases in 2023 were Chihuahua (US$1.05B), Ciudad de México (US$978M), Jalisco (US$958M), Baja California (US$913M), and Nuevo León (US$630M).
In 2023, the main commercial destinations of Power Transformers, Static Converters and Inductors were United States (US$6.06B), Netherlands (US$115M), Canada (US$86M), China (US$20.5M), and Hong Kong (US$14.4M).
The main commercial origins of Power Transformers, Static Converters and Inductors in 2023 were China (US$2.75B), United States (US$1.09B), Thailand (US$403M), Japan (US$249M), and Vietnam (US$230M).
In the global context, the main exporting countries of Power Transformers, Static Converters and Inductors in 2022 were China (US$55.1B), Germany (US$11.6B), and Japan (US$6.37B). In the same year, the main importing countries of Power Transformers, Static Converters and Inductors were United States (US$23B), Germany (US$12.7B), and China (US$10.5B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$12.5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Power Transformers, Static Converters and Inductors in Mexico (including international purchases and sales) was US$12.5B.
The visualizations show the net balance of Power Transformers, Static Converters and Inductors 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$536M, International Purchases
- US$615M, International Sales
In March 2024, international sales of Power Transformers, Static Converters and Inductors were US$615M, while international purchases reached US$536M. The above results in a trade balance of US$78.7M.
Market Concentration
#permalink to section2024-Q2: US$585M, International Sales
The visualization shows the quarterly concentration of international sales of Power Transformers, Static Converters and Inductors at state level.
In the second quarter of 2024, international sales were US$585M, being the states with the most sales Nuevo León (US$193M), Jalisco (US$126M), and Chihuahua (US$75M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.08B, State with the Most International Sales (2023)
United States: US$6.06B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Power Transformers, Static Converters and Inductors were Nuevo León (US$2.08B), Jalisco (US$1.35B), Baja California (US$749M), Chihuahua (US$704M), and Tamaulipas (US$526M).
In 2023, the countries with the most international purchases from Mexico were United States (US$6.06B), Netherlands (US$115M), Canada (US$86M), China (US$20.5M), and Hong Kong (US$14.4M).
International Purchases
#permalink to sectionChihuahua: US$1.05B, State with the Most International Purchases (2023)
China: US$2.75B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Power Transformers, Static Converters and Inductors were Chihuahua (US$1.05B), Ciudad de México (US$978M), Jalisco (US$958M), Baja California (US$913M), and Nuevo León (US$630M).
The countries with the most international sales to Mexico in 2023 were China (US$2.75B), United States (US$1.09B), Thailand (US$403M), Japan (US$249M), and Vietnam (US$230M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Power Transformers, Static Converters and Inductors and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Power Transformers, Static Converters and Inductors. 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- 3.21%, Mexican share in global exports - 2022
- 3.88%, Mexican share in global imports - 2022
The visualizations show the global market for Power Transformers, Static Converters and Inductors. 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 Power Transformers, Static Converters and Inductors were China (US$55.1B), Germany (US$11.6B), and Japan (US$6.37B). In the same year, the main importing countries for Power Transformers, Static Converters and Inductors were United States (US$23B), Germany (US$12.7B), and China (US$10.5B).