Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326)
Código 848291 (Harmonized System 2012 by 6 digits)
2023: US$92.9M, Total Trade Exchange
2023: US$1.2M, International Sales
2023: US$91.7M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) was US$92.9M.
In 2023, the states with the most international sales in Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were Nuevo León (US$252k), Baja California (US$246k), Tamaulipas (US$234k), Jalisco (US$186k), and Estado de México (US$87.7k).
The states with the most international purchases in 2023 were Guanajuato (US$20.3M), Puebla (US$14.6M), Estado de México (US$12.5M), Querétaro (US$9.61M), and Nuevo León (US$8.45M).
In 2023, the main commercial destinations of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were United States (US$1.11M), Canada (US$19.5k), United Arab Emirates (US$13.2k), Guatemala (US$10.4k), and Germany (US$7.28k).
The main commercial origins of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) in 2023 were United States (US$46.5M), China (US$15.4M), Bosnia and Herzegovina (US$4.63M), Germany (US$4.31M), and Japan (US$4.02M).
In the global context, the main exporting countries of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) in 2022 were China (US$399M), Germany (US$232M), and Japan (US$172M). In the same year, the main importing countries of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were Germany (US$200M), Italy (US$136M), and China (US$132M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$92.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) in Mexico (including international purchases and sales) was US$92.9M.
The visualizations show the net balance of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) 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$7.86M, International Purchases
- US$534k, International Sales
In July 2024, international sales of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were US$534k, while international purchases reached US$7.86M. The above results in a trade balance of -US$7.33M.
Market Concentration
#permalink to section2024-Q3: US$514k, International Sales
The visualization shows the quarterly concentration of international sales of Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) at state level.
In the third quarter of 2024, international sales were US$514k, being the states with the most sales Baja California (US$410k), Nuevo León (US$82.7k), and Sonora (US$10.6k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$252k, State with the Most International Sales (2023)
United States: US$1.11M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were Nuevo León (US$252k), Baja California (US$246k), Tamaulipas (US$234k), Jalisco (US$186k), and Estado de México (US$87.7k).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.11M), Canada (US$19.5k), United Arab Emirates (US$13.2k), Guatemala (US$10.4k), and Germany (US$7.28k).
International Purchases
#permalink to sectionGuanajuato: US$20.3M, State with the Most International Purchases (2023)
United States: US$46.5M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were Guanajuato (US$20.3M), Puebla (US$14.6M), Estado de México (US$12.5M), Querétaro (US$9.61M), and Nuevo León (US$8.45M).
The countries with the most international sales to Mexico in 2023 were United States (US$46.5M), China (US$15.4M), Bosnia and Herzegovina (US$4.63M), Germany (US$4.31M), and Japan (US$4.02M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326). 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- 0.13%, Mexican share in global exports - 2022
- 5.02%, Mexican share in global imports - 2022
The visualizations show the global market for Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326). 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 Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were China (US$399M), Germany (US$232M), and Japan (US$172M). In the same year, the main importing countries for Balls, Needles and Rollers for Bearings (Excl. Steel Balls of Heading 7326) were Germany (US$200M), Italy (US$136M), and China (US$132M).