Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters
Código 8516 (Harmonized System 2012 by 4 digits)
2023: US$3.3B, Total Trade Exchange
2023: US$2.22B, International Sales
2023: US$1.08B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters was US$3.3B.
In 2023, the states with the most international sales in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Tamaulipas (US$637M), Ciudad de México (US$520M), Coahuila de Zaragoza (US$162M), Sonora (US$158M), and Chihuahua (US$153M).
The states with the most international purchases in 2023 were Ciudad de México (US$346M), Estado de México (US$149M), Tamaulipas (US$142M), Nuevo León (US$103M), and Sonora (US$71.7M).
In 2023, the main commercial destinations of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$2B), Canada (US$152M), Honduras (US$9.08M), Saudi Arabia (US$7.06M), and Costa Rica (US$6.52M).
The main commercial origins of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in 2023 were China (US$520M), United States (US$317M), Malaysia (US$24.1M), France (US$22.7M), and Germany (US$21.4M).
In the global context, the main exporting countries of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in 2022 were China (US$31.5B), Germany (US$5.1B), and Italy (US$2.94B). In the same year, the main importing countries of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$12.7B), Germany (US$6.44B), and France (US$3.28B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.3B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in Mexico (including international purchases and sales) was US$3.3B.
The visualizations show the net balance of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters 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$115M, International Purchases
- US$240M, International Sales
In July 2024, international sales of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were US$240M, while international purchases reached US$115M. The above results in a trade balance of US$126M.
Market Concentration
#permalink to section2024-Q3: US$240M, International Sales
The visualization shows the quarterly concentration of international sales of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters at state level.
In the third quarter of 2024, international sales were US$240M, being the states with the most sales Tamaulipas (US$78.9M), Ciudad de México (US$55.3M), and Baja California (US$30.5M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionTamaulipas: US$637M, State with the Most International Sales (2023)
United States: US$2B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Tamaulipas (US$637M), Ciudad de México (US$520M), Coahuila de Zaragoza (US$162M), Sonora (US$158M), and Chihuahua (US$153M).
In 2023, the countries with the most international purchases from Mexico were United States (US$2B), Canada (US$152M), Honduras (US$9.08M), Saudi Arabia (US$7.06M), and Costa Rica (US$6.52M).
International Purchases
#permalink to sectionCiudad de México: US$346M, State with the Most International Purchases (2023)
China: US$520M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Ciudad de México (US$346M), Estado de México (US$149M), Tamaulipas (US$142M), Nuevo León (US$103M), and Sonora (US$71.7M).
The countries with the most international sales to Mexico in 2023 were China (US$520M), United States (US$317M), Malaysia (US$24.1M), France (US$22.7M), and Germany (US$21.4M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters. 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- 2.92%, Mexican share in global exports - 2022
- 1.49%, Mexican share in global imports - 2022
The visualizations show the global market for Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters. 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 Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were China (US$31.5B), Germany (US$5.1B), and Italy (US$2.94B). In the same year, the main importing countries for Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$12.7B), Germany (US$6.44B), and France (US$3.28B).