ProceduresGovernment

Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders")

Código 841229 (Harmonized System 2012 by 6 digits)

 2023: US$94.8M, Total Trade Exchange

2023: US$24.7M, International Sales

  2023: US$70.1M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") was US$94.8M.

In 2023, the states with the most international sales in Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were Querétaro (US$13.7M), Nuevo León (US$3.68M), Tabasco (US$2.53M), Chihuahua (US$1.91M), and Ciudad de México (US$897k).

The states with the most international purchases in 2023 were Nuevo León (US$16.5M), Guanajuato (US$11.5M), Ciudad de México (US$8.57M), Jalisco (US$5.77M), and Tabasco (US$4.98M).

In 2023, the main commercial destinations of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were United States (US$23.6M), Germany (US$382k), Colombia (US$144k), Canada (US$83.7k), and China (US$65.7k).

The main commercial origins of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") in 2023 were United States (US$29.9M), China (US$11M), Germany (US$6.51M), United Kingdom (US$5.84M), and Italy (US$2.24M).

In the global context, the main exporting countries of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") in 2022 were Germany (US$718M), United States (US$588M), and Japan (US$442M). In the same year, the main importing countries of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were United States (US$817M), Germany (US$479M), and China (US$387M).

Trade Balance of Mexico

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Net Trade Balance

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US$94.8M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") in Mexico (including international purchases and sales) was US$94.8M.

The visualizations show the net balance of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") 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$6.46M, International Purchases
  • US$6.5M, International Sales

In July 2024, international sales of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were US$6.5M, while international purchases reached US$6.46M. The above results in a trade balance of US$43.8k.

Market Concentration

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2024-Q3: US$3.2M, International Sales

The visualization shows the quarterly concentration of international sales of Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") at state level.

In the third quarter of 2024, international sales were US$3.2M, being the states with the most sales Querétaro (US$1.56M), Nuevo León (US$1.31M), and Ciudad de México (US$271k).

Exchange by Territory

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International Sales

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Querétaro: US$13.7M, State with the Most International Sales (2023)

United States: US$23.6M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were Querétaro (US$13.7M), Nuevo León (US$3.68M), Tabasco (US$2.53M), Chihuahua (US$1.91M), and Ciudad de México (US$897k).

In 2023, the countries with the most international purchases from Mexico were United States (US$23.6M), Germany (US$382k), Colombia (US$144k), Canada (US$83.7k), and China (US$65.7k).

International Purchases

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Nuevo León: US$16.5M, State with the Most International Purchases (2023)

United States: US$29.9M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were Nuevo León (US$16.5M), Guanajuato (US$11.5M), Ciudad de México (US$8.57M), Jalisco (US$5.77M), and Tabasco (US$4.98M).

The countries with the most international sales to Mexico in 2023 were United States (US$29.9M), China (US$11M), Germany (US$6.51M), United Kingdom (US$5.84M), and Italy (US$2.24M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders")  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders"). 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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  • 0.38%, Mexican share in global exports - 2022
  • 0.84%, Mexican share in global imports - 2022

The visualizations show the global market for Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders"). 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 Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were Germany (US$718M), United States (US$588M), and Japan (US$442M). In the same year, the main importing countries for Hydraulic Motors (Excl. Hydraulic Turbines and Water Wheels of Heading 8410, Steam Turbines of Heading 8410, Steam Turbines and Hydraulic Motors, Linear Acting "Cylinders") were United States (US$817M), Germany (US$479M), and China (US$387M).