Electric Motors of an Output not Exceeding 37.5W
Código 850110 (Harmonized System 2012 by 6 digits)
2023: US$1.53B, Total Trade Exchange
2023: US$732M, International Sales
2023: US$800M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Electric Motors of an Output not Exceeding 37.5W was US$1.53B.
In 2023, the states with the most international sales in Electric Motors of an Output not Exceeding 37.5W were Estado de México (US$184M), Tamaulipas (US$152M), Chihuahua (US$109M), Nuevo León (US$101M), and Baja California (US$27.5M).
The states with the most international purchases in 2023 were Nuevo León (US$142M), Chihuahua (US$135M), Baja California (US$97.1M), Querétaro (US$74.7M), and Tamaulipas (US$58.7M).
In 2023, the main commercial destinations of Electric Motors of an Output not Exceeding 37.5W were United States (US$616M), Canada (US$26.5M), Brazil (US$19.3M), China (US$5.97M), and Germany (US$5.26M).
The main commercial origins of Electric Motors of an Output not Exceeding 37.5W in 2023 were China (US$330M), United States (US$131M), Vietnam (US$57.6M), Germany (US$43.9M), and Japan (US$35.2M).
In the global context, the main exporting countries of Electric Motors of an Output not Exceeding 37.5W in 2022 were China (US$5.3B), Germany (US$1.27B), and Switzerland (US$1.26B). In the same year, the main importing countries of Electric Motors of an Output not Exceeding 37.5W were United States (US$2.33B), South Korea (US$2.26B), and Germany (US$1.41B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.53B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Electric Motors of an Output not Exceeding 37.5W in Mexico (including international purchases and sales) was US$1.53B.
The visualizations show the net balance of Electric Motors of an Output not Exceeding 37.5W 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 sectionNovember, 2024
- US$77.7M, International Purchases
- US$52.2M, International Sales
In November 2024, international sales of Electric Motors of an Output not Exceeding 37.5W were US$52.2M, while international purchases reached US$77.7M. The above results in a trade balance of -US$25.6M.
Market Concentration
#permalink to section2024-Q4: US$105M, International Sales
The visualization shows the quarterly concentration of international sales of Electric Motors of an Output not Exceeding 37.5W at state level.
In the fourth quarter of 2024, international sales were US$105M, being the states with the most sales Estado de México (US$26.4M), Tamaulipas (US$19.9M), and Nuevo León (US$18M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$184M, State with the Most International Sales (2023)
United States: US$616M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electric Motors of an Output not Exceeding 37.5W were Estado de México (US$184M), Tamaulipas (US$152M), Chihuahua (US$109M), Nuevo León (US$101M), and Baja California (US$27.5M).
In 2023, the countries with the most international purchases from Mexico were United States (US$616M), Canada (US$26.5M), Brazil (US$19.3M), China (US$5.97M), and Germany (US$5.26M).
International Purchases
#permalink to sectionNuevo León: US$142M, State with the Most International Purchases (2023)
China: US$330M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electric Motors of an Output not Exceeding 37.5W were Nuevo León (US$142M), Chihuahua (US$135M), Baja California (US$97.1M), Querétaro (US$74.7M), and Tamaulipas (US$58.7M).
The countries with the most international sales to Mexico in 2023 were China (US$330M), United States (US$131M), Vietnam (US$57.6M), Germany (US$43.9M), and Japan (US$35.2M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electric Motors of an Output not Exceeding 37.5W and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electric Motors of an Output not Exceeding 37.5W. 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- 4.33%, Mexican share in global exports - 2022
- 4.12%, Mexican share in global imports - 2022
The visualizations show the global market for Electric Motors of an Output not Exceeding 37.5W. 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 Motors of an Output not Exceeding 37.5W were China (US$5.3B), Germany (US$1.27B), and Switzerland (US$1.26B). In the same year, the main importing countries for Electric Motors of an Output not Exceeding 37.5W were United States (US$2.33B), South Korea (US$2.26B), and Germany (US$1.41B).