Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles
Código 8505 (Harmonized System 2012 by 4 digits)
In 2023, the states with the most international sales in Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were Baja California (US$42.7M), Chihuahua (US$19.2M), Coahuila de Zaragoza (US$7.15M), Tamaulipas (US$7.04M), and Sonora (US$5.07M).
The states with the most international purchases in 2023 were Chihuahua (US$160M), Baja California (US$72.7M), Nuevo León (US$49M), Tamaulipas (US$46.6M), and Querétaro (US$44.1M).
In 2023, the main commercial destinations of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were United States (US$86.9M), Poland (US$1.21M), China (US$1.09M), Guatemala (US$231k), and Peru (US$164k).
The main commercial origins of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles in 2023 were China (US$336M), United States (US$115M), Germany (US$37.8M), South Korea (US$14M), and Japan (US$12.9M).
In the global context, the main exporting countries of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles in 2022 were N/A. In the same year, the main importing countries of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were N/A.
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles 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$53.8M, International Purchases
- US$9.02M, International Sales
In July 2024, international sales of Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were US$9.02M, while international purchases reached US$53.8M. The above results in a trade balance of -US$44.8M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$42.7M, State with the Most International Sales (2023)
United States: US$86.9M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were Baja California (US$42.7M), Chihuahua (US$19.2M), Coahuila de Zaragoza (US$7.15M), Tamaulipas (US$7.04M), and Sonora (US$5.07M).
In 2023, the countries with the most international purchases from Mexico were United States (US$86.9M), Poland (US$1.21M), China (US$1.09M), Guatemala (US$231k), and Peru (US$164k).
International Purchases
#permalink to sectionChihuahua: US$160M, State with the Most International Purchases (2023)
China: US$336M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were Chihuahua (US$160M), Baja California (US$72.7M), Nuevo León (US$49M), Tamaulipas (US$46.6M), and Querétaro (US$44.1M).
The countries with the most international sales to Mexico in 2023 were China (US$336M), United States (US$115M), Germany (US$37.8M), South Korea (US$14M), and Japan (US$12.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles. 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- 1.03%, Mexican share in global exports - 2022
- N/A%, Mexican share in global imports - 2022
The visualizations show the global market for Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles. 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 Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were N/A. In the same year, the main importing countries for Electromagnets; Permanent Magnets and Intended to become Permanent Magnets Articles were N/A.