Engine Parts and Motors, N.E.C
Código 841290 (Harmonized System 2012 by 6 digits)
2023: US$169M, Total Trade Exchange
2023: US$35.1M, International Sales
2023: US$134M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Engine Parts and Motors, N.E.C was US$169M.
In 2023, the states with the most international sales in Engine Parts and Motors, N.E.C were Querétaro (US$17.5M), Estado de México (US$7.01M), Nuevo León (US$4.51M), Coahuila de Zaragoza (US$1.37M), and Baja California (US$901k).
The states with the most international purchases in 2023 were Nuevo León (US$46.5M), Coahuila de Zaragoza (US$33.5M), Ciudad de México (US$9.71M), Chihuahua (US$8.04M), and Baja California (US$6.46M).
In 2023, the main commercial destinations of Engine Parts and Motors, N.E.C were United States (US$32M), Brazil (US$777k), Canada (US$445k), United Kingdom (US$388k), and China (US$258k).
The main commercial origins of Engine Parts and Motors, N.E.C in 2023 were United States (US$63.2M), China (US$32.3M), Germany (US$6.27M), Vietnam (US$5.25M), and Italy (US$3.66M).
In the global context, the main exporting countries of Engine Parts and Motors, N.E.C in 2022 were China (US$2.73B), India (US$880M), and United States (US$761M). In the same year, the main importing countries of Engine Parts and Motors, N.E.C were United States (US$2.08B), Germany (US$1.06B), and Finland (US$576M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$169M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Engine Parts and Motors, N.E.C in Mexico (including international purchases and sales) was US$169M.
The visualizations show the net balance of Engine Parts and Motors, N.E.C 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$14.9M, International Purchases
- US$3.09M, International Sales
In July 2024, international sales of Engine Parts and Motors, N.E.C were US$3.09M, while international purchases reached US$14.9M. The above results in a trade balance of -US$11.8M.
Market Concentration
#permalink to section2024-Q3: US$2.93M, International Sales
The visualization shows the quarterly concentration of international sales of Engine Parts and Motors, N.E.C at state level.
In the third quarter of 2024, international sales were US$2.93M, being the states with the most sales Querétaro (US$1.52M), Nuevo León (US$776k), and Estado de México (US$442k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionQuerétaro: US$17.5M, State with the Most International Sales (2023)
United States: US$32M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Engine Parts and Motors, N.E.C were Querétaro (US$17.5M), Estado de México (US$7.01M), Nuevo León (US$4.51M), Coahuila de Zaragoza (US$1.37M), and Baja California (US$901k).
In 2023, the countries with the most international purchases from Mexico were United States (US$32M), Brazil (US$777k), Canada (US$445k), United Kingdom (US$388k), and China (US$258k).
International Purchases
#permalink to sectionNuevo León: US$46.5M, State with the Most International Purchases (2023)
United States: US$63.2M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Engine Parts and Motors, N.E.C were Nuevo León (US$46.5M), Coahuila de Zaragoza (US$33.5M), Ciudad de México (US$9.71M), Chihuahua (US$8.04M), and Baja California (US$6.46M).
The countries with the most international sales to Mexico in 2023 were United States (US$63.2M), China (US$32.3M), Germany (US$6.27M), Vietnam (US$5.25M), and Italy (US$3.66M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Engine Parts and Motors, N.E.C and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Engine Parts and Motors, N.E.C. 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- 1.26%, Mexican share in global exports - 2022
- 1.39%, Mexican share in global imports - 2022
The visualizations show the global market for Engine Parts and Motors, N.E.C. 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 Engine Parts and Motors, N.E.C were China (US$2.73B), India (US$880M), and United States (US$761M). In the same year, the main importing countries for Engine Parts and Motors, N.E.C were United States (US$2.08B), Germany (US$1.06B), and Finland (US$576M).