ProceduresGovernment

Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle)

Código 871680 (Harmonized System 2012 by 6 digits)

 2023: US$317M, Total Trade Exchange

2023: US$160M, International Sales

  2023: US$157M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) was US$317M.

In 2023, the states with the most international sales in Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were Estado de México (US$68.5M), Nuevo León (US$35.3M), Baja California (US$30.4M), Chihuahua (US$13.2M), and Jalisco (US$2.53M).

The states with the most international purchases in 2023 were Ciudad de México (US$40.7M), Nuevo León (US$35.5M), Baja California (US$33.2M), Chihuahua (US$9M), and Estado de México (US$8.41M).

In 2023, the main commercial destinations of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were United States (US$137M), Peru (US$5.61M), Guatemala (US$4.04M), Honduras (US$3.12M), and El Salvador (US$1.36M).

The main commercial origins of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) in 2023 were United States (US$104M), China (US$26M), Germany (US$6.4M), Japan (US$4.23M), and Spain (US$3.27M).

In the global context, the main exporting countries of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) in 2022 were China (US$2.13B), United States (US$346M), and Germany (US$343M). In the same year, the main importing countries of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were United States (US$1.06B), Canada (US$259M), and Germany (US$246M).

Trade Balance of Mexico

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Net Trade Balance

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US$317M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) in Mexico (including international purchases and sales) was US$317M.

The visualizations show the net balance of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) 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$17.4M, International Purchases
  • US$16.5M, International Sales

In July 2024, international sales of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were US$16.5M, while international purchases reached US$17.4M. The above results in a trade balance of -US$870k.

Market Concentration

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2024-Q3: US$15.5M, International Sales

The visualization shows the quarterly concentration of international sales of Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) at state level.

In the third quarter of 2024, international sales were US$15.5M, being the states with the most sales Estado de México (US$5.93M), Baja California (US$4.5M), and Nuevo León (US$3.16M).

Exchange by Territory

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International Sales

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Estado de México: US$68.5M, State with the Most International Sales (2023)

United States: US$137M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were Estado de México (US$68.5M), Nuevo León (US$35.3M), Baja California (US$30.4M), Chihuahua (US$13.2M), and Jalisco (US$2.53M).

In 2023, the countries with the most international purchases from Mexico were United States (US$137M), Peru (US$5.61M), Guatemala (US$4.04M), Honduras (US$3.12M), and El Salvador (US$1.36M).

International Purchases

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Ciudad de México: US$40.7M, State with the Most International Purchases (2023)

United States: US$104M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were Ciudad de México (US$40.7M), Nuevo León (US$35.5M), Baja California (US$33.2M), Chihuahua (US$9M), and Estado de México (US$8.41M).

The countries with the most international sales to Mexico in 2023 were United States (US$104M), China (US$26M), Germany (US$6.4M), Japan (US$4.23M), and Spain (US$3.27M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle). 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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  • 2.58%, Mexican share in global exports - 2022
  • 2.69%, Mexican share in global imports - 2022

The visualizations show the global market for Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle). 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 Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were China (US$2.13B), United States (US$346M), and Germany (US$343M). In the same year, the main importing countries for Hand Vehicles and other Vehicles not Mechanically Propelled (Excl. Trailers for any Vehicle) were United States (US$1.06B), Canada (US$259M), and Germany (US$246M).