Clocks and Watches and Parts Thereof
Code 91 (Harmonized System 2012 by 2 digits)
2023: US$577M, Total Trade Exchange
2023: US$107M, International Sales
2023: US$470M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Clocks and Watches and Parts Thereof was US$577M.
In 2023, the main commercial destinations of Clocks and Watches and Parts Thereof were United States (US$93.1M), Switzerland (US$8.83M), France (US$1.68M), Ireland (US$391k), and Hong Kong (US$371k).
The main commercial origins of Clocks and Watches and Parts Thereof in 2023 were Switzerland (US$332M), China (US$73.6M), Japan (US$25.8M), Taiwan (Republic of China) (US$11M), and Thailand (US$8.15M).
In the global context, the main exporting countries of Clocks and Watches and Parts Thereof in 2022 were Switzerland (US$28.9B), China (US$7.16B), and Japan (US$2.11B). In the same year, the main importing countries of Clocks and Watches and Parts Thereof were Hong Kong (US$6.98B), United States (US$6.71B), and China (US$3.87B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$577M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Clocks and Watches and Parts Thereof in Mexico (including international purchases and sales) was US$577M.
The visualizations show the net balance of Clocks and Watches and Parts Thereof 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$11.7M, International Sales
- US$49.9M, International Purchases
In July 2024, international sales of Clocks and Watches and Parts Thereof were US$11.7M and a total of US$49.9M in international purchases. For this month the net trade balance of Clocks and Watches and Parts Thereof it was of -US$38.2M.
Market Concentration
#permalink to section2024-Q3: US$11.6M, International Sales
The visualization shows the quarterly concentration of international sales of Clocks and Watches and Parts Thereof at state level.
In the third quarter of 2024, international sales were US$11.6M, being the states with the most sales Baja California (US$5.07M), Chihuahua (US$2.42M), and Tamaulipas (US$2.12M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionUnited States: US$93.1M, Main commercial destination (2023)
In 2023, the countries with the most international purchases from Mexico were United States (US$93.1M), Switzerland (US$8.83M), France (US$1.68M), Ireland (US$391k), and Hong Kong (US$371k).
International Purchases
#permalink to sectionSwitzerland: US$332M, Main Commercial Origin (2023)
The countries with the most international sales to Mexico in 2023 were Switzerland (US$332M), China (US$73.6M), Japan (US$25.8M), Taiwan (Republic of China) (US$11M), and Thailand (US$8.15M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Clocks and Watches and Parts Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Clocks and Watches and Parts Thereof. 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- 0.17%, Mexican share in global exports - 2022
- 0.82%, Mexican share in global imports - 2022
The visualizations show the global market for Clocks and Watches and Parts Thereof. 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 Clocks and Watches and Parts Thereof were Switzerland (US$28.9B), China (US$7.16B), and Japan (US$2.11B). In the same year, the main importing countries for Clocks and Watches and Parts Thereof were Hong Kong (US$6.98B), United States (US$6.71B), and China (US$3.87B).