ProceduresGovernment

Tractors (Other than Tractors of Heading 8709)

Código 8701 (Harmonized System 2012 by 4 digits)

 2023: US$14.6B, Total Trade Exchange

2023: US$13.7B, International Sales

  2023: US$883M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Tractors (Other than Tractors of Heading 8709) was US$14.6B.

In 2023, the states with the most international sales in Tractors (Other than Tractors of Heading 8709) were Ciudad de México (US$13B), Nuevo León (US$418M), Baja California (US$257M), Tamaulipas (US$9.27M), and Sonora (US$2.06M).

The states with the most international purchases in 2023 were Querétaro (US$531M), Nuevo León (US$130M), Baja California (US$46.5M), Jalisco (US$43.8M), and Colima (US$27.1M).

In 2023, the main commercial destinations of Tractors (Other than Tractors of Heading 8709) were United States (US$12.2B), Canada (US$1.03B), Colombia (US$123M), Peru (US$84.1M), and Chile (US$32.7M).

The main commercial origins of Tractors (Other than Tractors of Heading 8709) in 2023 were Brazil (US$324M), United States (US$148M), China (US$103M), Netherlands (US$73.4M), and India (US$68.1M).

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 section

Net Trade Balance

#permalink to section

US$14.6B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Tractors (Other than Tractors of Heading 8709) in Mexico (including international purchases and sales) was US$14.6B.

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 section

January, 2024

  • US$62.3M, International Purchases
  • US$1.07B, International Sales

In January 2024, international sales of Tractors (Other than Tractors of Heading 8709) were US$1.07B, while international purchases reached US$62.3M. The above results in a trade balance of US$1.01B.

Market Concentration

#permalink to section

2024-Q1: US$36.5M, International Sales

The visualization shows the quarterly concentration of international sales of Tractors (Other than Tractors of Heading 8709) at state level.

In the first quarter of 2024, international sales were US$36.5M, being the states with the most sales Baja California (US$18.8M) and Nuevo León (US$17.7M).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Ciudad de México: US$13B, State with the Most International Sales (2023)

United States: US$12.2B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Tractors (Other than Tractors of Heading 8709) were Ciudad de México (US$13B), Nuevo León (US$418M), Baja California (US$257M), Tamaulipas (US$9.27M), and Sonora (US$2.06M).

In 2023, the countries with the most international purchases from Mexico were United States (US$12.2B), Canada (US$1.03B), Colombia (US$123M), Peru (US$84.1M), and Chile (US$32.7M).

International Purchases

#permalink to section

Querétaro: US$531M, State with the Most International Purchases (2023)

Brazil: US$324M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Tractors (Other than Tractors of Heading 8709) were Querétaro (US$531M), Nuevo León (US$130M), Baja California (US$46.5M), Jalisco (US$43.8M), and Colima (US$27.1M).

The countries with the most international sales to Mexico in 2023 were Brazil (US$324M), United States (US$148M), China (US$103M), Netherlands (US$73.4M), and India (US$68.1M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The 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.

Origins 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).