Tools for Milling, Interchangeable
Código 820770 (Harmonized System 2012 by 6 digits)
2024: US$123M, Total Trade Exchange
2024: US$6.63M, International Sales
2024: US$117M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Tools for Milling, Interchangeable was US$123M.
In 2024, the states with the most international sales in Tools for Milling, Interchangeable were Tamaulipas (US$1.7M), Querétaro (US$1.61M), Estado de México (US$892k), San Luis Potosí (US$592k), and Baja California (US$569k).
The states with the most international purchases in 2024 were Querétaro (US$25.7M), Nuevo León (US$24.4M), Ciudad de México (US$13.4M), Baja California (US$9.61M), and Estado de México (US$8.8M).
In 2024, the main commercial destinations of Tools for Milling, Interchangeable were United States (US$3.45M), Germany (US$841k), China (US$591k), Peru (US$208k), and Japan (US$191k).
The main commercial origins of Tools for Milling, Interchangeable in 2024 were United States (US$41.1M), Germany (US$25.7M), China (US$12.1M), Japan (US$7.68M), and South Korea (US$6.42M).
In the global context, the main exporting countries of Tools for Milling, Interchangeable in 2022 were Germany (US$705M), China (US$300M), and Japan (US$219M). In the same year, the main importing countries of Tools for Milling, Interchangeable were Germany (US$422M), United States (US$303M), and China (US$184M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$123M, Total Trade Exchange (2024)
In 2024, the total trade exchange of Tools for Milling, Interchangeable in Mexico (including international purchases and sales) was US$123M.
The visualizations show the net balance of Tools for Milling, Interchangeable 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, 2025
- US$8.6M, International Purchases
- US$477k, International Sales
In March 2025, international sales of Tools for Milling, Interchangeable were US$477k, while international purchases reached US$8.6M. The above results in a trade balance of -US$8.13M.
Market Concentration
#permalink to section2025-Q1: US$1.3M, International Sales
The visualization shows the quarterly concentration of international sales of Tools for Milling, Interchangeable at state level.
In the first quarter of 2025, international sales were US$1.3M, being the states with the most sales Sonora (US$387k), Querétaro (US$370k), and Tamaulipas (US$191k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionTamaulipas: US$1.7M, State with the Most International Sales (2024)
United States: US$3.45M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Tools for Milling, Interchangeable were Tamaulipas (US$1.7M), Querétaro (US$1.61M), Estado de México (US$892k), San Luis Potosí (US$592k), and Baja California (US$569k).
In 2024, the countries with the most international purchases from Mexico were United States (US$3.45M), Germany (US$841k), China (US$591k), Peru (US$208k), and Japan (US$191k).
International Purchases
#permalink to sectionQuerétaro: US$25.7M, State with the Most International Purchases (2024)
United States: US$41.1M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Tools for Milling, Interchangeable were Querétaro (US$25.7M), Nuevo León (US$24.4M), Ciudad de México (US$13.4M), Baja California (US$9.61M), and Estado de México (US$8.8M).
The countries with the most international sales to Mexico in 2024 were United States (US$41.1M), Germany (US$25.7M), China (US$12.1M), Japan (US$7.68M), and South Korea (US$6.42M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Tools for Milling, Interchangeable and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Tools for Milling, Interchangeable. 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- 0.063%, Mexican share in global exports - 2022
- 3.05%, Mexican share in global imports - 2022
The visualizations show the global market for Tools for Milling, Interchangeable. 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 Tools for Milling, Interchangeable were Germany (US$705M), China (US$300M), and Japan (US$219M). In the same year, the main importing countries for Tools for Milling, Interchangeable were Germany (US$422M), United States (US$303M), and China (US$184M).