Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not
Código 9025 (Harmonized System 2012 by 4 digits)
2023: US$580M, Total Trade Exchange
2023: US$355M, International Sales
2023: US$225M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not was US$580M.
In 2023, the states with the most international sales in Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were Chihuahua (US$155M), Querétaro (US$57.8M), Baja California (US$38.3M), Nuevo León (US$30.9M), and Tamaulipas (US$23.6M).
The states with the most international purchases in 2023 were Ciudad de México (US$42.7M), Chihuahua (US$33.7M), Nuevo León (US$27.5M), Baja California (US$20.9M), and Coahuila de Zaragoza (US$20.3M).
In 2023, the main commercial destinations of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were United States (US$316M), Germany (US$8.44M), United Kingdom (US$8.09M), China (US$5.05M), and Spain (US$2.95M).
The main commercial origins of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not in 2023 were United States (US$95.6M), China (US$41.3M), Germany (US$14M), Japan (US$10.1M), and Thailand (US$7.15M).
In the global context, the main exporting countries of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not in 2022 were China (US$1.8B), Germany (US$971M), and United States (US$937M). In the same year, the main importing countries of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were United States (US$1.21B), Germany (US$781M), and China (US$758M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$580M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not in Mexico (including international purchases and sales) was US$580M.
The visualizations show the net balance of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not 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$21.6M, International Purchases
- US$31.5M, International Sales
In July 2024, international sales of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were US$31.5M, while international purchases reached US$21.6M. The above results in a trade balance of US$9.82M.
Market Concentration
#permalink to section2024-Q3: US$30.6M, International Sales
The visualization shows the quarterly concentration of international sales of Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not at state level.
In the third quarter of 2024, international sales were US$30.6M, being the states with the most sales Chihuahua (US$15.1M), Querétaro (US$4.24M), and Baja California (US$4.01M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$155M, State with the Most International Sales (2023)
United States: US$316M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were Chihuahua (US$155M), Querétaro (US$57.8M), Baja California (US$38.3M), Nuevo León (US$30.9M), and Tamaulipas (US$23.6M).
In 2023, the countries with the most international purchases from Mexico were United States (US$316M), Germany (US$8.44M), United Kingdom (US$8.09M), China (US$5.05M), and Spain (US$2.95M).
International Purchases
#permalink to sectionCiudad de México: US$42.7M, State with the Most International Purchases (2023)
United States: US$95.6M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were Ciudad de México (US$42.7M), Chihuahua (US$33.7M), Nuevo León (US$27.5M), Baja California (US$20.9M), and Coahuila de Zaragoza (US$20.3M).
The countries with the most international sales to Mexico in 2023 were United States (US$95.6M), China (US$41.3M), Germany (US$14M), Japan (US$10.1M), and Thailand (US$7.15M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not. 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- 4.62%, Mexican share in global exports - 2022
- 2.64%, Mexican share in global imports - 2022
The visualizations show the global market for Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not. 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 Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were China (US$1.8B), Germany (US$971M), and United States (US$937M). In the same year, the main importing countries for Hydrometers and Similar Floating Instruments, Thermometers, Barometers, Recording or Not were United States (US$1.21B), Germany (US$781M), and China (US$758M).