ProceduresGovernment

Vehicles

Code 87 (Harmonized System 2012 by 2 digits)

 2023: US$217B, Total Trade Exchange

2023: US$156B, International Sales

  2023: US$60.3B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Vehicles was US$217B.

In 2023, the states with the most international sales in Vehicles were Ciudad de México (US$60.6B), Puebla (US$15.8B), Estado de México (US$12.5B), Guanajuato (US$11.3B), and Nuevo León (US$9.55B).

The states with the most international purchases in 2023 were Ciudad de México (US$26.4B), Estado de México (US$4.97B), Puebla (US$4.92B), Nuevo León (US$4.87B), and Baja California (US$3.24B).

In 2023, the main commercial destinations of Vehicles were United States (US$130B), Canada (US$8.62B), Germany (US$6.33B), Brazil (US$1.71B), and China (US$1.22B).

The main commercial origins of Vehicles in 2023 were United States (US$24.5B), China (US$10.9B), Japan (US$4.53B), Germany (US$3.85B), and Brazil (US$2.41B).

In the global context, the main exporting countries of Vehicles in 2022 were Germany (US$253B), China (US$152B), and Japan (US$147B). In the same year, the main importing countries of Vehicles were United States (US$311B), Germany (US$136B), and Canada (US$79.5B).

Trade Balance of Mexico

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Net Trade Balance

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US$217B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Vehicles in Mexico (including international purchases and sales) was US$217B.

The visualizations show the net balance of Vehicles 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

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December, 2023

  • US$10.6B, International Sales
  • US$4.27B, International Purchases

In December 2023, international sales of Vehicles were US$10.6B and a total of US$4.27B in international purchases. For this month the net trade balance of Vehicles it was of US$6.33B.

Market Concentration

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2024-Q1: US$10.6B, International Sales

The visualization shows the quarterly concentration of international sales of Vehicles at state level.

In the first quarter of 2024, international sales were US$10.6B, being the states with the most sales Ciudad de México (US$4.63B), Puebla (US$1.17B), and Estado de México (US$820M).

Exchange by Territory

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International Sales

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Ciudad de México: US$60.6B, State with the Most International Sales (2023)

United States: US$130B, Main commercial destination (2023)

In 2023, the states with the highest international sales in Vehicles were Ciudad de México (US$60.6B), Puebla (US$15.8B), Estado de México (US$12.5B), Guanajuato (US$11.3B), and Nuevo León (US$9.55B).

In 2023, the countries with the most international purchases from Mexico were United States (US$130B), Canada (US$8.62B), Germany (US$6.33B), Brazil (US$1.71B), and China (US$1.22B).

International Purchases

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Ciudad de México: US$26.4B, State with the Most International Purchases (2023)

United States: US$24.5B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Vehicles were Ciudad de México (US$26.4B), Estado de México (US$4.97B), Puebla (US$4.92B), Nuevo León (US$4.87B), and Baja California (US$3.24B).

The countries with the most international sales to Mexico in 2023 were United States (US$24.5B), China (US$10.9B), Japan (US$4.53B), Germany (US$3.85B), and Brazil (US$2.41B).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Vehicles  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Vehicles. 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

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  • 7.71%, Mexican share in global exports - 2022
  • 2.91%, Mexican share in global imports - 2022

The visualizations show the global market for Vehicles. 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 Vehicles were Germany (US$253B), China (US$152B), and Japan (US$147B). In the same year, the main importing countries for Vehicles were United States (US$311B), Germany (US$136B), and Canada (US$79.5B).