Compasses, Including Compasses; other Instruments and Navigation Devices
Código 9014 (Harmonized System 2012 by 4 digits)
2023: US$357M, Total Trade Exchange
2023: US$232M, International Sales
2023: US$125M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Compasses, Including Compasses; other Instruments and Navigation Devices was US$357M.
In 2023, the states with the most international sales in Compasses, Including Compasses; other Instruments and Navigation Devices were Baja California (US$190M), Tamaulipas (US$13.9M), Chihuahua (US$12.2M), Ciudad de México (US$4.94M), and Jalisco (US$372k).
The states with the most international purchases in 2023 were Baja California (US$99.3M), Ciudad de México (US$7.45M), Tamaulipas (US$7.22M), Nuevo León (US$3.91M), and Querétaro (US$2.29M).
In 2023, the main commercial destinations of Compasses, Including Compasses; other Instruments and Navigation Devices were United States (US$215M), Spain (US$2.6M), Netherlands (US$1.91M), China (US$670k), and France (US$639k).
The main commercial origins of Compasses, Including Compasses; other Instruments and Navigation Devices in 2023 were United States (US$66.3M), Taiwan (Republic of China) (US$46.1M), China (US$3.28M), New Zealand (US$1.63M), and Canada (US$1.61M).
In the global context, the main exporting countries of Compasses, Including Compasses; other Instruments and Navigation Devices in 2022 were United States (US$1.72B), France (US$986M), and United Kingdom (US$902M). In the same year, the main importing countries of Compasses, Including Compasses; other Instruments and Navigation Devices were United States (US$1.34B), United Kingdom (US$589M), and France (US$467M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$357M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Compasses, Including Compasses; other Instruments and Navigation Devices in Mexico (including international purchases and sales) was US$357M.
The visualizations show the net balance of Compasses, Including Compasses; other Instruments and Navigation Devices 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$8.53M, International Purchases
- US$17.3M, International Sales
In July 2024, international sales of Compasses, Including Compasses; other Instruments and Navigation Devices were US$17.3M, while international purchases reached US$8.53M. The above results in a trade balance of US$8.77M.
Market Concentration
#permalink to section2024-Q3: US$16.2M, International Sales
The visualization shows the quarterly concentration of international sales of Compasses, Including Compasses; other Instruments and Navigation Devices at state level.
In the third quarter of 2024, international sales were US$16.2M, being the states with the most sales Baja California (US$13.5M), Tamaulipas (US$2.27M), and Sonora (US$250k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$190M, State with the Most International Sales (2023)
United States: US$215M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Compasses, Including Compasses; other Instruments and Navigation Devices were Baja California (US$190M), Tamaulipas (US$13.9M), Chihuahua (US$12.2M), Ciudad de México (US$4.94M), and Jalisco (US$372k).
In 2023, the countries with the most international purchases from Mexico were United States (US$215M), Spain (US$2.6M), Netherlands (US$1.91M), China (US$670k), and France (US$639k).
International Purchases
#permalink to sectionBaja California: US$99.3M, State with the Most International Purchases (2023)
United States: US$66.3M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Compasses, Including Compasses; other Instruments and Navigation Devices were Baja California (US$99.3M), Ciudad de México (US$7.45M), Tamaulipas (US$7.22M), Nuevo León (US$3.91M), and Querétaro (US$2.29M).
The countries with the most international sales to Mexico in 2023 were United States (US$66.3M), Taiwan (Republic of China) (US$46.1M), China (US$3.28M), New Zealand (US$1.63M), and Canada (US$1.61M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Compasses, Including Compasses; other Instruments and Navigation Devices and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Compasses, Including Compasses; other Instruments and Navigation Devices. 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- 2.95%, Mexican share in global exports - 2022
- 1.55%, Mexican share in global imports - 2022
The visualizations show the global market for Compasses, Including Compasses; other Instruments and Navigation Devices. 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 Compasses, Including Compasses; other Instruments and Navigation Devices were United States (US$1.72B), France (US$986M), and United Kingdom (US$902M). In the same year, the main importing countries for Compasses, Including Compasses; other Instruments and Navigation Devices were United States (US$1.34B), United Kingdom (US$589M), and France (US$467M).