ProceduresGovernment

Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks)

Código 910591 (Harmonized System 2012 by 6 digits)

 2023: US$957k, Total Trade Exchange

2023: US$68.6k, International Sales

  2023: US$888k, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) was US$957k.

In 2023, the states with the most international sales in Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were Ciudad de México (US$11.8k).

The states with the most international purchases in 2023 were Ciudad de México (US$418k), Nuevo León (US$182k), Sinaloa (US$140k), Jalisco (US$45.2k), and Coahuila de Zaragoza (US$34.8k).

In 2023, the main commercial destinations of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were Guatemala (US$7.76k), Chile (US$1.04k), Costa Rica (US$869), El Salvador (US$748), and Austria (US$670).

The main commercial origins of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) in 2023 were China (US$512k), Switzerland (US$149k), United States (US$117k), Czech Republic (US$51.2k), and Italy (US$9.8k).

In the global context, the main exporting countries of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) in 2022 were China (US$89.1M), Germany (US$20.3M), and Switzerland (US$11M). In the same year, the main importing countries of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were United States (US$30.8M), Japan (US$16.7M), and Hong Kong (US$9.08M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$957k, Total Trade Exchange (2023)

In 2023, the total trade exchange of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) in Mexico (including international purchases and sales) was US$957k.

The visualizations show the net balance of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) 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 section

July, 2024: US$176k, International Purchases

In July 2024, international sales of Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were US$0, while international purchases reached US$176k. The above results in a trade balance of -US$176k.

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Ciudad de México: US$11.8k, State with the Most International Sales (2023)

Guatemala: US$7.76k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were Ciudad de México (US$11.8k).

In 2023, the countries with the most international purchases from Mexico were Guatemala (US$7.76k), Chile (US$1.04k), Costa Rica (US$869), El Salvador (US$748), and Austria (US$670).

International Purchases

#permalink to section

Ciudad de México: US$418k, State with the Most International Purchases (2023)

China: US$512k, Main Commercial Origin (2023)

In 2023, the states with the highest international in Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were Ciudad de México (US$418k), Nuevo León (US$182k), Sinaloa (US$140k), Jalisco (US$45.2k), and Coahuila de Zaragoza (US$34.8k).

The countries with the most international sales to Mexico in 2023 were China (US$512k), Switzerland (US$149k), United States (US$117k), Czech Republic (US$51.2k), and Italy (US$9.8k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks). 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.

Origins and Trade Destinations

#permalink to section

  • 0.019%, Mexican share in global exports - 2022
  • 0.73%, Mexican share in global imports - 2022

The visualizations show the global market for Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks). 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 Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were China (US$89.1M), Germany (US$20.3M), and Switzerland (US$11M). In the same year, the main importing countries for Electric Clocks (Exc. Wristwatches, Pocket Watches and Simil. of Heading 9101 or 9102, as well as Watches and Clocks Dashboard Simil. of Heading 9104, Alarm Clocks and Wall Clocks) were United States (US$30.8M), Japan (US$16.7M), and Hong Kong (US$9.08M).