Ball Bearings
Código 848210 (Harmonized System 2012 by 6 digits)
2023: US$682M, Total Trade Exchange
2023: US$95.9M, International Sales
2023: US$586M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Ball Bearings was US$682M.
In 2023, the states with the most international sales in Ball Bearings were Nuevo León (US$28.9M), Guanajuato (US$27.6M), Baja California (US$19.4M), Tamaulipas (US$9.11M), and Jalisco (US$3.37M).
The states with the most international purchases in 2023 were Nuevo León (US$96.5M), Ciudad de México (US$66.3M), Baja California (US$64.2M), Puebla (US$53.8M), and Querétaro (US$53.8M).
In 2023, the main commercial destinations of Ball Bearings were United States (US$75.9M), Germany (US$13.8M), Canada (US$1.97M), China (US$680k), and Switzerland (US$331k).
The main commercial origins of Ball Bearings in 2023 were China (US$225M), United States (US$81.1M), Japan (US$54.2M), South Korea (US$41.8M), and Germany (US$33.7M).
In the global context, the main exporting countries of Ball Bearings in 2022 were China (US$3.58B), Japan (US$2.27B), and Germany (US$1.69B). In the same year, the main importing countries of Ball Bearings were Germany (US$2.08B), China (US$1.59B), and United States (US$1.43B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$682M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Ball Bearings in Mexico (including international purchases and sales) was US$682M.
The visualizations show the net balance of Ball Bearings 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$51.2M, International Purchases
- US$7.97M, International Sales
In July 2024, international sales of Ball Bearings were US$7.97M, while international purchases reached US$51.2M. The above results in a trade balance of -US$43.2M.
Market Concentration
#permalink to section2024-Q3: US$7.89M, International Sales
The visualization shows the quarterly concentration of international sales of Ball Bearings at state level.
In the third quarter of 2024, international sales were US$7.89M, being the states with the most sales Guanajuato (US$3.34M), Baja California (US$1.31M), and Nuevo León (US$787k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$28.9M, State with the Most International Sales (2023)
United States: US$75.9M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Ball Bearings were Nuevo León (US$28.9M), Guanajuato (US$27.6M), Baja California (US$19.4M), Tamaulipas (US$9.11M), and Jalisco (US$3.37M).
In 2023, the countries with the most international purchases from Mexico were United States (US$75.9M), Germany (US$13.8M), Canada (US$1.97M), China (US$680k), and Switzerland (US$331k).
International Purchases
#permalink to sectionNuevo León: US$96.5M, State with the Most International Purchases (2023)
China: US$225M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Ball Bearings were Nuevo León (US$96.5M), Ciudad de México (US$66.3M), Baja California (US$64.2M), Puebla (US$53.8M), and Querétaro (US$53.8M).
The countries with the most international sales to Mexico in 2023 were China (US$225M), United States (US$81.1M), Japan (US$54.2M), South Korea (US$41.8M), and Germany (US$33.7M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ball Bearings and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ball Bearings. 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- 0.53%, Mexican share in global exports - 2022
- 3.53%, Mexican share in global imports - 2022
The visualizations show the global market for Ball Bearings. 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 Ball Bearings were China (US$3.58B), Japan (US$2.27B), and Germany (US$1.69B). In the same year, the main importing countries for Ball Bearings were Germany (US$2.08B), China (US$1.59B), and United States (US$1.43B).