Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries
Código 8454 (Harmonized System 2012 by 4 digits)
2023: US$186M, Total Trade Exchange
2023: US$4.05M, International Sales
2023: US$182M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries was US$186M.
In 2023, the states with the most international sales in Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were Nuevo León (US$2.36M), Coahuila de Zaragoza (US$792k), Querétaro (US$185k), Guanajuato (US$150k), and Chihuahua (US$107k).
The states with the most international purchases in 2023 were Nuevo León (US$75.5M), Guanajuato (US$26.1M), Coahuila de Zaragoza (US$15.4M), San Luis Potosí (US$12.6M), and Baja California (US$11.9M).
In 2023, the main commercial destinations of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were United States (US$3.22M), Canada (US$138k), Germany (US$108k), Panama (US$67.3k), and United Arab Emirates (US$55.1k).
The main commercial origins of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries in 2023 were Italy (US$45.9M), China (US$44.9M), United States (US$21.9M), South Korea (US$20.1M), and Germany (US$10.4M).
In the global context, the main exporting countries of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries in 2022 were China (US$809M), Italy (US$356M), and Germany (US$263M). In the same year, the main importing countries of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were United States (US$354M), India (US$248M), and China (US$234M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$186M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries in Mexico (including international purchases and sales) was US$186M.
The visualizations show the net balance of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries 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$9.57M, International Purchases
- US$120k, International Sales
In July 2024, international sales of Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were US$120k, while international purchases reached US$9.57M. The above results in a trade balance of -US$9.45M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.36M, State with the Most International Sales (2023)
United States: US$3.22M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were Nuevo León (US$2.36M), Coahuila de Zaragoza (US$792k), Querétaro (US$185k), Guanajuato (US$150k), and Chihuahua (US$107k).
In 2023, the countries with the most international purchases from Mexico were United States (US$3.22M), Canada (US$138k), Germany (US$108k), Panama (US$67.3k), and United Arab Emirates (US$55.1k).
International Purchases
#permalink to sectionNuevo León: US$75.5M, State with the Most International Purchases (2023)
Italy: US$45.9M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were Nuevo León (US$75.5M), Guanajuato (US$26.1M), Coahuila de Zaragoza (US$15.4M), San Luis Potosí (US$12.6M), and Baja California (US$11.9M).
The countries with the most international sales to Mexico in 2023 were Italy (US$45.9M), China (US$44.9M), United States (US$21.9M), South Korea (US$20.1M), and Germany (US$10.4M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries. 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- 0.12%, Mexican share in global exports - 2022
- 4.16%, Mexican share in global imports - 2022
The visualizations show the global market for Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries. 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 Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were China (US$809M), Italy (US$356M), and Germany (US$263M). In the same year, the main importing countries for Converters, Ladles, Ingot Casting Machines (Molding) to Metallurgy or Foundries were United States (US$354M), India (US$248M), and China (US$234M).