Electrical Wires and Cables
Código 8544 (Harmonized System 2012 by 4 digits)
2023: US$24.4B, Total Trade Exchange
2023: US$16.9B, International Sales
2023: US$7.41B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Electrical Wires and Cables was US$24.4B.
In 2023, the states with the most international sales in Electrical Wires and Cables were Chihuahua (US$5.46B), Nuevo León (US$3.2B), Sonora (US$1.74B), Coahuila de Zaragoza (US$1.37B), and Tamaulipas (US$911M).
The states with the most international purchases in 2023 were Chihuahua (US$1.25B), Ciudad de México (US$886M), Nuevo León (US$845M), Jalisco (US$759M), and Baja California (US$751M).
In 2023, the main commercial destinations of Electrical Wires and Cables were United States (US$16B), Nicaragua (US$174M), Honduras (US$126M), Guatemala (US$97M), and Germany (US$47.1M).
The main commercial origins of Electrical Wires and Cables in 2023 were United States (US$3.6B), China (US$1.88B), Honduras (US$215M), Vietnam (US$190M), and Philippines (US$185M).
In the global context, the main exporting countries of Electrical Wires and Cables in 2022 were China (US$34.3B), Mexico (US$16.7B), and United States (US$10.5B). In the same year, the main importing countries of Electrical Wires and Cables were United States (US$29.7B), Germany (US$15.2B), and Japan (US$8.38B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$24.4B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Electrical Wires and Cables in Mexico (including international purchases and sales) was US$24.4B.
The visualizations show the net balance of Electrical Wires and Cables 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$609M, International Purchases
- US$1.47B, International Sales
In July 2024, international sales of Electrical Wires and Cables were US$1.47B, while international purchases reached US$609M. The above results in a trade balance of US$863M.
Market Concentration
#permalink to section2024-Q3: US$1.47B, International Sales
The visualization shows the quarterly concentration of international sales of Electrical Wires and Cables at state level.
In the third quarter of 2024, international sales were US$1.47B, being the states with the most sales Chihuahua (US$487M), Nuevo León (US$280M), and Sonora (US$154M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$5.46B, State with the Most International Sales (2023)
United States: US$16B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electrical Wires and Cables were Chihuahua (US$5.46B), Nuevo León (US$3.2B), Sonora (US$1.74B), Coahuila de Zaragoza (US$1.37B), and Tamaulipas (US$911M).
In 2023, the countries with the most international purchases from Mexico were United States (US$16B), Nicaragua (US$174M), Honduras (US$126M), Guatemala (US$97M), and Germany (US$47.1M).
International Purchases
#permalink to sectionChihuahua: US$1.25B, State with the Most International Purchases (2023)
United States: US$3.6B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electrical Wires and Cables were Chihuahua (US$1.25B), Ciudad de México (US$886M), Nuevo León (US$845M), Jalisco (US$759M), and Baja California (US$751M).
The countries with the most international sales to Mexico in 2023 were United States (US$3.6B), China (US$1.88B), Honduras (US$215M), Vietnam (US$190M), and Philippines (US$185M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electrical Wires and Cables and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electrical Wires and Cables. 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- 10.2%, Mexican share in global exports - 2022
- 5.04%, Mexican share in global imports - 2022
The visualizations show the global market for Electrical Wires and Cables. 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 Electrical Wires and Cables were China (US$34.3B), Mexico (US$16.7B), and United States (US$10.5B). In the same year, the main importing countries for Electrical Wires and Cables were United States (US$29.7B), Germany (US$15.2B), and Japan (US$8.38B).