Drive Axles with Differential for Motor Vehicles
Código 870850 (Harmonized System 2012 by 6 digits)
2023: US$6.29B, Total Trade Exchange
2023: US$3.15B, International Sales
2023: US$3.14B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Drive Axles with Differential for Motor Vehicles was US$6.29B.
In 2023, the states with the most international sales in Drive Axles with Differential for Motor Vehicles were Guanajuato (US$1.29B), Querétaro (US$880M), Nuevo León (US$272M), Coahuila de Zaragoza (US$221M), and Ciudad de México (US$191M).
The states with the most international purchases in 2023 were Ciudad de México (US$689M), Guanajuato (US$534M), Estado de México (US$417M), Nuevo León (US$367M), and Querétaro (US$348M).
In 2023, the main commercial destinations of Drive Axles with Differential for Motor Vehicles were United States (US$2.69B), Canada (US$154M), China (US$96.8M), Brazil (US$80.9M), and Germany (US$41.8M).
The main commercial origins of Drive Axles with Differential for Motor Vehicles in 2023 were United States (US$1.85B), China (US$269M), Germany (US$196M), India (US$187M), and Japan (US$182M).
In the global context, the main exporting countries of Drive Axles with Differential for Motor Vehicles in 2022 were Germany (US$4.89B), United States (US$3.15B), and China (US$2.57B). In the same year, the main importing countries of Drive Axles with Differential for Motor Vehicles were United States (US$6.3B), Mexico (US$2.74B), and Germany (US$2.65B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$6.29B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Drive Axles with Differential for Motor Vehicles in Mexico (including international purchases and sales) was US$6.29B.
The visualizations show the net balance of Drive Axles with Differential for Motor Vehicles 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$251M, International Purchases
- US$253M, International Sales
In July 2024, international sales of Drive Axles with Differential for Motor Vehicles were US$253M, while international purchases reached US$251M. The above results in a trade balance of US$1.54M.
Market Concentration
#permalink to section2024-Q3: US$253M, International Sales
The visualization shows the quarterly concentration of international sales of Drive Axles with Differential for Motor Vehicles at state level.
In the third quarter of 2024, international sales were US$253M, being the states with the most sales Guanajuato (US$84.7M), Querétaro (US$79.2M), and Nuevo León (US$29.4M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionGuanajuato: US$1.29B, State with the Most International Sales (2023)
United States: US$2.69B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Drive Axles with Differential for Motor Vehicles were Guanajuato (US$1.29B), Querétaro (US$880M), Nuevo León (US$272M), Coahuila de Zaragoza (US$221M), and Ciudad de México (US$191M).
In 2023, the countries with the most international purchases from Mexico were United States (US$2.69B), Canada (US$154M), China (US$96.8M), Brazil (US$80.9M), and Germany (US$41.8M).
International Purchases
#permalink to sectionCiudad de México: US$689M, State with the Most International Purchases (2023)
United States: US$1.85B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Drive Axles with Differential for Motor Vehicles were Ciudad de México (US$689M), Guanajuato (US$534M), Estado de México (US$417M), Nuevo León (US$367M), and Querétaro (US$348M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.85B), China (US$269M), Germany (US$196M), India (US$187M), and Japan (US$182M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Drive Axles with Differential for Motor Vehicles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Drive Axles with Differential for Motor Vehicles. 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- 8.84%, Mexican share in global exports - 2022
- 9.54%, Mexican share in global imports - 2022
The visualizations show the global market for Drive Axles with Differential for Motor Vehicles. 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 Drive Axles with Differential for Motor Vehicles were Germany (US$4.89B), United States (US$3.15B), and China (US$2.57B). In the same year, the main importing countries for Drive Axles with Differential for Motor Vehicles were United States (US$6.3B), Mexico (US$2.74B), and Germany (US$2.65B).