Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C
Código 820551 (Harmonized System 2012 by 6 digits)
2023: US$33.4M, Total Trade Exchange
2023: US$10.4M, International Sales
2023: US$22.9M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C was US$33.4M.
In 2023, the states with the most international sales in Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were Querétaro (US$5.17M), Tamaulipas (US$2.39M), Estado de México (US$657k), Baja California (US$649k), and Jalisco (US$276k).
The states with the most international purchases in 2023 were Ciudad de México (US$7.9M), Jalisco (US$4.17M), Estado de México (US$3.5M), Querétaro (US$1.81M), and Nuevo León (US$1.26M).
In 2023, the main commercial destinations of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were United States (US$6.16M), Germany (US$2.47M), El Salvador (US$152k), Guatemala (US$147k), and Costa Rica (US$102k).
The main commercial origins of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C in 2023 were China (US$17M), United States (US$2.1M), Taiwan (Republic of China) (US$1.14M), Switzerland (US$443k), and Slovakia (US$286k).
In the global context, the main exporting countries of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C in 2022 were China (US$1.04B), Germany (US$98.3M), and United States (US$51.6M). In the same year, the main importing countries of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were United States (US$257M), Germany (US$149M), and France (US$61.4M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$33.4M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C in Mexico (including international purchases and sales) was US$33.4M.
The visualizations show the net balance of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, 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$2.42M, International Purchases
- US$1M, International Sales
In July 2024, international sales of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were US$1M, while international purchases reached US$2.42M. The above results in a trade balance of -US$1.42M.
Market Concentration
#permalink to section2024-Q3: US$949k, International Sales
The visualization shows the quarterly concentration of international sales of Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C at state level.
In the third quarter of 2024, international sales were US$949k, being the states with the most sales Querétaro (US$594k), Tamaulipas (US$185k), and Estado de México (US$99.2k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionQuerétaro: US$5.17M, State with the Most International Sales (2023)
United States: US$6.16M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were Querétaro (US$5.17M), Tamaulipas (US$2.39M), Estado de México (US$657k), Baja California (US$649k), and Jalisco (US$276k).
In 2023, the countries with the most international purchases from Mexico were United States (US$6.16M), Germany (US$2.47M), El Salvador (US$152k), Guatemala (US$147k), and Costa Rica (US$102k).
International Purchases
#permalink to sectionCiudad de México: US$7.9M, State with the Most International Purchases (2023)
China: US$17M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were Ciudad de México (US$7.9M), Jalisco (US$4.17M), Estado de México (US$3.5M), Querétaro (US$1.81M), and Nuevo León (US$1.26M).
The countries with the most international sales to Mexico in 2023 were China (US$17M), United States (US$2.1M), Taiwan (Republic of China) (US$1.14M), Switzerland (US$443k), and Slovakia (US$286k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, 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- 0.57%, Mexican share in global exports - 2022
- 1.77%, Mexican share in global imports - 2022
The visualizations show the global market for Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, 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 Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were China (US$1.04B), Germany (US$98.3M), and United States (US$51.6M). In the same year, the main importing countries for Hand Tools, for Domestic Use, Non-Mechanical, with Working Parts of Base Metal, N.E.C were United States (US$257M), Germany (US$149M), and France (US$61.4M).