Tractors (Other than Tractors of Heading 8709)
Código 8701 (Harmonized System 2012 by 4 digits)
2024: US$11.8B, Total Trade Exchange
2024: US$10.8B, International Sales
2024: US$974M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Tractors (Other than Tractors of Heading 8709) was US$11.8B.
In 2024, the states with the most international sales in Tractors (Other than Tractors of Heading 8709) were Ciudad de México (US$10.3B), Nuevo León (US$286M), Baja California (US$171M), Sonora (US$2.3M), and Tamaulipas (US$1.09M).
The states with the most international purchases in 2024 were Querétaro (US$458M), Baja California (US$171M), Nuevo León (US$162M), Estado de México (US$30.7M), and Jalisco (US$30.1M).
In 2024, the main commercial destinations of Tractors (Other than Tractors of Heading 8709) were United States (US$9.95B), Canada (US$566M), Colombia (US$64.7M), Peru (US$50.9M), and Guatemala (US$23.8M).
The main commercial origins of Tractors (Other than Tractors of Heading 8709) in 2024 were United States (US$233M), Netherlands (US$230M), China (US$135M), India (US$95.7M), and France (US$66.3M).
In the global context, the main exporting countries of Tractors (Other than Tractors of Heading 8709) in 2022 were Germany (US$10.7B), Netherlands (US$5.74B), and United States (US$5.38B). In the same year, the main importing countries of Tractors (Other than Tractors of Heading 8709) were United States (US$8.48B), Canada (US$4.33B), and France (US$4.05B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$11.8B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Tractors (Other than Tractors of Heading 8709) in Mexico (including international purchases and sales) was US$11.8B.
The visualizations show the net balance of Tractors (Other than Tractors of Heading 8709) 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 sectionDecember, 2024
- US$114M, International Purchases
- US$642M, International Sales
In December 2024, international sales of Tractors (Other than Tractors of Heading 8709) were US$642M, while international purchases reached US$114M. The above results in a trade balance of US$528M.
Market Concentration
#permalink to section2024-Q4: US$657M, International Sales
The visualization shows the quarterly concentration of international sales of Tractors (Other than Tractors of Heading 8709) at state level.
In the fourth quarter of 2024, international sales were US$657M, being the states with the most sales Ciudad de México (US$607M), Nuevo León (US$31.8M), and Baja California (US$18.3M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$10.3B, State with the Most International Sales (2024)
United States: US$9.95B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Tractors (Other than Tractors of Heading 8709) were Ciudad de México (US$10.3B), Nuevo León (US$286M), Baja California (US$171M), Sonora (US$2.3M), and Tamaulipas (US$1.09M).
In 2024, the countries with the most international purchases from Mexico were United States (US$9.95B), Canada (US$566M), Colombia (US$64.7M), Peru (US$50.9M), and Guatemala (US$23.8M).
International Purchases
#permalink to sectionQuerétaro: US$458M, State with the Most International Purchases (2024)
United States: US$233M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Tractors (Other than Tractors of Heading 8709) were Querétaro (US$458M), Baja California (US$171M), Nuevo León (US$162M), Estado de México (US$30.7M), and Jalisco (US$30.1M).
The countries with the most international sales to Mexico in 2024 were United States (US$233M), Netherlands (US$230M), China (US$135M), India (US$95.7M), and France (US$66.3M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Tractors (Other than Tractors of Heading 8709) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Tractors (Other than Tractors of Heading 8709). 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- 4.21%, Mexican share in global exports - 2022
- 0.89%, Mexican share in global imports - 2022
The visualizations show the global market for Tractors (Other than Tractors of Heading 8709). 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 Tractors (Other than Tractors of Heading 8709) were Germany (US$10.7B), Netherlands (US$5.74B), and United States (US$5.38B). In the same year, the main importing countries for Tractors (Other than Tractors of Heading 8709) were United States (US$8.48B), Canada (US$4.33B), and France (US$4.05B).