ProceduresGovernment

Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet)

Código 850990 (Harmonized System 2012 by 6 digits)

 2023: US$59.8M, Total Trade Exchange

2023: US$16.2M, International Sales

  2023: US$43.6M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) was US$59.8M.

In 2023, the states with the most international sales in Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were Ciudad de México (US$324k), Baja California (US$284k), Jalisco (US$155k), Tamaulipas (US$111k), and Estado de México (US$16.1k).

The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$25.8M), Ciudad de México (US$12M), Jalisco (US$3.02M), Querétaro (US$910k), and Estado de México (US$787k).

In 2023, the main commercial destinations of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were United States (US$498k), Guatemala (US$105k), Costa Rica (US$68k), El Salvador (US$60.2k), and Dominican Republic (US$58.4k).

The main commercial origins of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) in 2023 were China (US$27.9M), United States (US$15.3M), South Korea (US$262k), Italy (US$42.9k), and Hong Kong (US$29.3k).

In the global context, the main exporting countries of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) in 2022 were China (US$725M), Germany (US$167M), and Czech Republic (US$82.5M). In the same year, the main importing countries of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were United States (US$318M), Germany (US$168M), and Poland (US$94.2M).

Trade Balance of Mexico

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Net Trade Balance

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US$59.8M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) in Mexico (including international purchases and sales) was US$59.8M.

The visualizations show the net balance of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) 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

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July, 2024

  • US$3.26M, International Purchases
  • US$1.74M, International Sales

In July 2024, international sales of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were US$1.74M, while international purchases reached US$3.26M. The above results in a trade balance of -US$1.52M.

Market Concentration

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2024-Q3: US$47.2k, International Sales

The visualization shows the quarterly concentration of international sales of Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) at state level.

In the third quarter of 2024, international sales were US$47.2k, being the states with the most sales Jalisco (US$19k), Ciudad de México (US$16k), and Baja California (US$12.1k).

Exchange by Territory

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International Sales

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Ciudad de México: US$324k, State with the Most International Sales (2023)

United States: US$498k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were Ciudad de México (US$324k), Baja California (US$284k), Jalisco (US$155k), Tamaulipas (US$111k), and Estado de México (US$16.1k).

In 2023, the countries with the most international purchases from Mexico were United States (US$498k), Guatemala (US$105k), Costa Rica (US$68k), El Salvador (US$60.2k), and Dominican Republic (US$58.4k).

International Purchases

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Coahuila de Zaragoza: US$25.8M, State with the Most International Purchases (2023)

China: US$27.9M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were Coahuila de Zaragoza (US$25.8M), Ciudad de México (US$12M), Jalisco (US$3.02M), Querétaro (US$910k), and Estado de México (US$787k).

The countries with the most international sales to Mexico in 2023 were China (US$27.9M), United States (US$15.3M), South Korea (US$262k), Italy (US$42.9k), and Hong Kong (US$29.3k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet). 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

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  • 1.82%, Mexican share in global exports - 2022
  • 4.1%, Mexican share in global imports - 2022

The visualizations show the global market for Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet). 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 Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were China (US$725M), Germany (US$167M), and Czech Republic (US$82.5M). In the same year, the main importing countries for Electromechanical Parts with Electric Motor Incorporated, for Domestic Use, N.E.C. (Exc. Vacuums Materials Dry and Wet) were United States (US$318M), Germany (US$168M), and Poland (US$94.2M).