ProceduresGovernment

Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual)

Código 843049 (Harmonized System 2012 by 6 digits)

 2023: US$303M, Total Trade Exchange

2023: US$9.64M, International Sales

  2023: US$293M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) was US$303M.

In 2022, the states with the most international sales in Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Coahuila de Zaragoza (US$1.03M) and Tamaulipas (US$48.2k).

The states with the most international purchases in 2023 were Ciudad de México (US$266M), Estado de México (US$8.23M), Tamaulipas (US$3.01M), Jalisco (US$2.83M), and Nuevo León (US$2.46M).

In 2022, the main commercial destinations of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Italy (US$791k), Canada (US$178k), Ecuador (US$64.7k), and United States (US$48.2k).

The main commercial origins of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) in 2023 were United States (US$279M), South Korea (US$5.27M), Sweden (US$1.86M), China (US$1.85M), and Canada (US$1.17M).

In the global context, the main exporting countries of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) in 2022 were United States (US$351M), China (US$345M), and United Arab Emirates (US$143M). In the same year, the main importing countries of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Saudi Arabia (US$204M), United Arab Emirates (US$125M), and United States (US$121M).

Trade Balance of Mexico

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Net Trade Balance

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US$303M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) in Mexico (including international purchases and sales) was US$303M.

The visualizations show the net balance of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) 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$3.06M, International Purchases
  • US$5.67M, International Sales

In July 2024, international sales of Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were US$5.67M, while international purchases reached US$3.06M. The above results in a trade balance of US$2.61M.

Exchange by Territory

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International Sales

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Coahuila de Zaragoza: US$1.03M, State with the Most International Sales (2022)

Italy: US$791k, Main commercial destination (2022)

In 2022, the states with the highest international sales in Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Coahuila de Zaragoza (US$1.03M) and Tamaulipas (US$48.2k).

In 2022, the countries with the most international purchases from Mexico were Italy (US$791k), Canada (US$178k), Ecuador (US$64.7k), and United States (US$48.2k).

International Purchases

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Ciudad de México: US$266M, State with the Most International Purchases (2023)

United States: US$279M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Ciudad de México (US$266M), Estado de México (US$8.23M), Tamaulipas (US$3.01M), Jalisco (US$2.83M), and Nuevo León (US$2.46M).

The countries with the most international sales to Mexico in 2023 were United States (US$279M), South Korea (US$5.27M), Sweden (US$1.86M), China (US$1.85M), and Canada (US$1.17M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual). 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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  • 0.2%, Mexican share in global exports - 2022
  • 5.12%, Mexican share in global imports - 2022

The visualizations show the global market for Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual). 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 Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were United States (US$351M), China (US$345M), and United Arab Emirates (US$143M). In the same year, the main importing countries for Boring or Drilling, Extracting or Boring Earth or Mineral, not Self-Propelled, not Hydraulic (Excl. Machines for Tunneling and Tools Use Manual) were Saudi Arabia (US$204M), United Arab Emirates (US$125M), and United States (US$121M).