Coated Electrodes for Arc Welding, of Base Metal
Código 831110 (Harmonized System 2012 by 6 digits)
2023: US$60M, Total Trade Exchange
2023: US$41.9M, International Sales
2023: US$18.1M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Coated Electrodes for Arc Welding, of Base Metal was US$60M.
In 2023, the states with the most international sales in Coated Electrodes for Arc Welding, of Base Metal were Ciudad de México (US$23M), Estado de México (US$14.7M), Nuevo León (US$3.81M), Chihuahua (US$96.1k), and Jalisco (US$91.3k).
The states with the most international purchases in 2023 were Estado de México (US$6.18M), Nuevo León (US$2.76M), Ciudad de México (US$2.54M), Baja California (US$1.62M), and Aguascalientes (US$891k).
In 2023, the main commercial destinations of Coated Electrodes for Arc Welding, of Base Metal were United States (US$15.1M), Nicaragua (US$5.04M), Guatemala (US$4.19M), Costa Rica (US$3.39M), and Peru (US$2.44M).
The main commercial origins of Coated Electrodes for Arc Welding, of Base Metal in 2023 were United States (US$9.43M), China (US$4.86M), Austria (US$481k), Germany (US$446k), and India (US$361k).
In the global context, the main exporting countries of Coated Electrodes for Arc Welding, of Base Metal in 2022 were China (US$345M), United States (US$85.2M), and Sweden (US$83.6M). In the same year, the main importing countries of Coated Electrodes for Arc Welding, of Base Metal were China (US$75.7M), Indonesia (US$53.8M), and United Arab Emirates (US$53.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$60M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Coated Electrodes for Arc Welding, of Base Metal in Mexico (including international purchases and sales) was US$60M.
The visualizations show the net balance of Coated Electrodes for Arc Welding, of Base Metal 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$1.78M, International Purchases
- US$3.64M, International Sales
In July 2024, international sales of Coated Electrodes for Arc Welding, of Base Metal were US$3.64M, while international purchases reached US$1.78M. The above results in a trade balance of US$1.86M.
Market Concentration
#permalink to section2024-Q3: US$3.4M, International Sales
The visualization shows the quarterly concentration of international sales of Coated Electrodes for Arc Welding, of Base Metal at state level.
In the third quarter of 2024, international sales were US$3.4M, being the states with the most sales Ciudad de México (US$2.17M) and Estado de México (US$1.23M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$23M, State with the Most International Sales (2023)
United States: US$15.1M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Coated Electrodes for Arc Welding, of Base Metal were Ciudad de México (US$23M), Estado de México (US$14.7M), Nuevo León (US$3.81M), Chihuahua (US$96.1k), and Jalisco (US$91.3k).
In 2023, the countries with the most international purchases from Mexico were United States (US$15.1M), Nicaragua (US$5.04M), Guatemala (US$4.19M), Costa Rica (US$3.39M), and Peru (US$2.44M).
International Purchases
#permalink to sectionEstado de México: US$6.18M, State with the Most International Purchases (2023)
United States: US$9.43M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Coated Electrodes for Arc Welding, of Base Metal were Estado de México (US$6.18M), Nuevo León (US$2.76M), Ciudad de México (US$2.54M), Baja California (US$1.62M), and Aguascalientes (US$891k).
The countries with the most international sales to Mexico in 2023 were United States (US$9.43M), China (US$4.86M), Austria (US$481k), Germany (US$446k), and India (US$361k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Coated Electrodes for Arc Welding, of Base Metal and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Coated Electrodes for Arc Welding, of Base Metal. 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- 2.67%, Mexican share in global exports - 2022
- 0.94%, Mexican share in global imports - 2022
The visualizations show the global market for Coated Electrodes for Arc Welding, of Base Metal. 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 Coated Electrodes for Arc Welding, of Base Metal were China (US$345M), United States (US$85.2M), and Sweden (US$83.6M). In the same year, the main importing countries for Coated Electrodes for Arc Welding, of Base Metal were China (US$75.7M), Indonesia (US$53.8M), and United Arab Emirates (US$53.8M).