Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers
Code 42 (Harmonized System 2012 by 2 digits)
2023: US$1.78B, Total Trade Exchange
2023: US$624M, International Sales
2023: US$1.15B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers was US$1.78B.
In 2023, the states with the most international sales in Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were Baja California (US$197M), Guanajuato (US$136M), Tamaulipas (US$51M), San Luis Potosí (US$49.2M), and Aguascalientes (US$42.5M).
The states with the most international purchases in 2023 were Ciudad de México (US$499M), Baja California (US$202M), Estado de México (US$122M), Jalisco (US$89.4M), and Sinaloa (US$54.1M).
In 2023, the main commercial destinations of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were United States (US$578M), Canada (US$6.67M), Guatemala (US$4.24M), Italy (US$3.62M), and El Salvador (US$3.56M).
The main commercial origins of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers in 2023 were China (US$589M), Italy (US$126M), United States (US$70.1M), Vietnam (US$61M), and Cambodia (US$45.9M).
In the global context, the main exporting countries of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers in 2022 were China (US$32.9B), Italy (US$12.6B), and France (US$12.2B). In the same year, the main importing countries of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were United States (US$17.3B), Germany (US$5.58B), and Japan (US$5.51B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.78B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers in Mexico (including international purchases and sales) was US$1.78B.
The visualizations show the net balance of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers 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 sectionJuly, 2024
- US$54.5M, International Sales
- US$118M, International Purchases
In July 2024, international sales of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were US$54.5M and a total of US$118M in international purchases. For this month the net trade balance of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers it was of -US$63.6M.
Market Concentration
#permalink to section2024-Q3: US$54.2M, International Sales
The visualization shows the quarterly concentration of international sales of Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers at state level.
In the third quarter of 2024, international sales were US$54.2M, being the states with the most sales Baja California (US$20.7M), Guanajuato (US$8.81M), and San Luis Potosí (US$5.09M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$197M, State with the Most International Sales (2023)
United States: US$578M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were Baja California (US$197M), Guanajuato (US$136M), Tamaulipas (US$51M), San Luis Potosí (US$49.2M), and Aguascalientes (US$42.5M).
In 2023, the countries with the most international purchases from Mexico were United States (US$578M), Canada (US$6.67M), Guatemala (US$4.24M), Italy (US$3.62M), and El Salvador (US$3.56M).
International Purchases
#permalink to sectionCiudad de México: US$499M, State with the Most International Purchases (2023)
China: US$589M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were Ciudad de México (US$499M), Baja California (US$202M), Estado de México (US$122M), Jalisco (US$89.4M), and Sinaloa (US$54.1M).
The countries with the most international sales to Mexico in 2023 were China (US$589M), Italy (US$126M), United States (US$70.1M), Vietnam (US$61M), and Cambodia (US$45.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers. 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- 0.57%, Mexican share in global exports - 2022
- 1.26%, Mexican share in global imports - 2022
The visualizations show the global market for Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers. 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 Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were China (US$32.9B), Italy (US$12.6B), and France (US$12.2B). In the same year, the main importing countries for Articles of Leather; Saddlery and Harness; Travel Goods, Handbags and Similar Containers were United States (US$17.3B), Germany (US$5.58B), and Japan (US$5.51B).