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Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified

Código 920790 (Harmonized System 2012 by 6 digits)

 2023: US$68.4M, Total Trade Exchange

2023: US$48.6M, International Sales

  2023: US$19.8M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified was US$68.4M.

In 2023, the states with the most international sales in Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were Ciudad de México (US$17.6k).

The states with the most international purchases in 2023 were Ciudad de México (US$9.31M), Baja California (US$5.44M), Nuevo León (US$637k), Jalisco (US$624k), and Chihuahua (US$289k).

In 2023, the main commercial destinations of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were United States (US$13k), China (US$4.17k), Dominican Republic (US$354), and Cuba (US$150).

The main commercial origins of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified in 2023 were China (US$8.27M), Indonesia (US$3.97M), United States (US$3M), Malaysia (US$336k), and India (US$273k).

In the global context, the main exporting countries of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified in 2022 were China (US$472M), Indonesia (US$340M), and United States (US$232M). In the same year, the main importing countries of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were United States (US$481M), Germany (US$169M), and United Kingdom (US$108M).

Trade Balance of Mexico

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Net Trade Balance

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US$68.4M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified in Mexico (including international purchases and sales) was US$68.4M.

The visualizations show the net balance of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified 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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July, 2024: US$2.3M, International Purchases

In July 2024, international sales of Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were US$0, while international purchases reached US$2.3M. The above results in a trade balance of -US$2.3M.

Exchange by Territory

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International Sales

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Ciudad de México: US$17.6k, State with the Most International Sales (2023)

United States: US$13k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were Ciudad de México (US$17.6k).

In 2023, the countries with the most international purchases from Mexico were United States (US$13k), China (US$4.17k), Dominican Republic (US$354), and Cuba (US$150).

International Purchases

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Ciudad de México: US$9.31M, State with the Most International Purchases (2023)

China: US$8.27M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were Ciudad de México (US$9.31M), Baja California (US$5.44M), Nuevo León (US$637k), Jalisco (US$624k), and Chihuahua (US$289k).

The countries with the most international sales to Mexico in 2023 were China (US$8.27M), Indonesia (US$3.97M), United States (US$3M), Malaysia (US$336k), and India (US$273k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified. 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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  • 7.75%, Mexican share in global exports - 2022
  • 1.09%, Mexican share in global imports - 2022

The visualizations show the global market for Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified. 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 Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were China (US$472M), Indonesia (US$340M), and United States (US$232M). In the same year, the main importing countries for Accordions and Musical Instruments without Keyboards, the Sound of which is Produced, or must be Amplified were United States (US$481M), Germany (US$169M), and United Kingdom (US$108M).