Ignition or Starting Equipment and Circuit Breakers Used with these Engines
Código 8511 (Harmonized System 2012 by 4 digits)
2023: US$3.52B, Total Trade Exchange
2023: US$1.81B, International Sales
2023: US$1.7B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Ignition or Starting Equipment and Circuit Breakers Used with these Engines was US$3.52B.
In 2023, the states with the most international sales in Ignition or Starting Equipment and Circuit Breakers Used with these Engines were Baja California (US$543M), Tamaulipas (US$354M), Estado de México (US$177M), Querétaro (US$134M), and Ciudad de México (US$100M).
The states with the most international purchases in 2023 were Baja California (US$401M), Ciudad de México (US$307M), Estado de México (US$252M), Tamaulipas (US$198M), and Nuevo León (US$125M).
In 2023, the main commercial destinations of Ignition or Starting Equipment and Circuit Breakers Used with these Engines were United States (US$1.37B), Canada (US$47.8M), China (US$8.86M), Guatemala (US$7.83M), and Singapore (US$6.67M).
The main commercial origins of Ignition or Starting Equipment and Circuit Breakers Used with these Engines in 2023 were United States (US$662M), China (US$398M), Japan (US$219M), Thailand (US$58M), and South Korea (US$56.2M).
In the global context, the main exporting countries of Ignition or Starting Equipment and Circuit Breakers Used with these Engines in 2022 were Japan (US$3.86B), China (US$3.33B), and United States (US$1.98B). In the same year, the main importing countries of Ignition or Starting Equipment and Circuit Breakers Used with these Engines were United States (US$4.57B), Germany (US$2.07B), and Mexico (US$1.76B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.52B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Ignition or Starting Equipment and Circuit Breakers Used with these Engines in Mexico (including international purchases and sales) was US$3.52B.
The visualizations show the net balance of Ignition or Starting Equipment and Circuit Breakers Used with these Engines 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$155M, International Purchases
- US$167M, International Sales
In July 2024, international sales of Ignition or Starting Equipment and Circuit Breakers Used with these Engines were US$167M, while international purchases reached US$155M. The above results in a trade balance of US$12.4M.
Market Concentration
#permalink to section2024-Q3: US$167M, International Sales
The visualization shows the quarterly concentration of international sales of Ignition or Starting Equipment and Circuit Breakers Used with these Engines at state level.
In the third quarter of 2024, international sales were US$167M, being the states with the most sales Baja California (US$55.3M), Tamaulipas (US$34.9M), and San Luis Potosí (US$28.1M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$543M, State with the Most International Sales (2023)
United States: US$1.37B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Ignition or Starting Equipment and Circuit Breakers Used with these Engines were Baja California (US$543M), Tamaulipas (US$354M), Estado de México (US$177M), Querétaro (US$134M), and Ciudad de México (US$100M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.37B), Canada (US$47.8M), China (US$8.86M), Guatemala (US$7.83M), and Singapore (US$6.67M).
International Purchases
#permalink to sectionBaja California: US$401M, State with the Most International Purchases (2023)
United States: US$662M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Ignition or Starting Equipment and Circuit Breakers Used with these Engines were Baja California (US$401M), Ciudad de México (US$307M), Estado de México (US$252M), Tamaulipas (US$198M), and Nuevo León (US$125M).
The countries with the most international sales to Mexico in 2023 were United States (US$662M), China (US$398M), Japan (US$219M), Thailand (US$58M), and South Korea (US$56.2M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ignition or Starting Equipment and Circuit Breakers Used with these Engines and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ignition or Starting Equipment and Circuit Breakers Used with these Engines. 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- 7.85%, Mexican share in global exports - 2022
- 8.05%, Mexican share in global imports - 2022
The visualizations show the global market for Ignition or Starting Equipment and Circuit Breakers Used with these Engines. 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 Ignition or Starting Equipment and Circuit Breakers Used with these Engines were Japan (US$3.86B), China (US$3.33B), and United States (US$1.98B). In the same year, the main importing countries for Ignition or Starting Equipment and Circuit Breakers Used with these Engines were United States (US$4.57B), Germany (US$2.07B), and Mexico (US$1.76B).