Instruments
Code 18 (Harmonized System 2012 by Sector)
2023: US$44.5B, Total Trade Exchange
2023: US$27.5B, International Sales
2023: US$17B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Instruments was US$44.5B.
In 2023, the states with the most international sales in Instruments were Chihuahua (US$8.84B), Baja California (US$8.08B), Tamaulipas (US$3.22B), Jalisco (US$2.19B), and Sonora (US$1.3B).
The states with the most international purchases in 2023 were Ciudad de México (US$4.17B), Baja California (US$2.8B), Chihuahua (US$2.55B), Tamaulipas (US$1.5B), and Jalisco (US$1.29B).
In 2023, the main commercial destinations of Instruments were United States (US$25.3B), China (US$295M), Netherlands (US$256M), Canada (US$214M), and Germany (US$196M).
The main commercial origins of Instruments in 2023 were United States (US$7.51B), China (US$2.44B), Germany (US$1.02B), Japan (US$802M), and Switzerland (US$474M).
In the global context, the main exporting countries of Instruments in 2022 were United States (US$102B), China (US$96B), and Germany (US$78.3B). In the same year, the main importing countries of Instruments were United States (US$122B), China (US$75.2B), and Germany (US$49.7B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$44.5B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Instruments in Mexico (including international purchases and sales) was US$44.5B.
The visualizations show the net balance of Instruments 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$2.56B, International Sales
- US$1.62B, International Purchases
In July 2024, international sales of Instruments were US$2.56B and a total of US$1.62B in international purchases. For this month the net trade balance of Instruments it was of US$941M.
Market Concentration
#permalink to section2024-Q3: US$2.56B, International Sales
The visualization shows the quarterly concentration of international sales of Instruments at state level.
In the third quarter of 2024, international sales were US$2.56B, being the states with the most sales Baja California (US$815M), Chihuahua (US$791M), and Tamaulipas (US$289M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$8.84B, State with the Most International Sales (2023)
United States: US$25.3B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Instruments were Chihuahua (US$8.84B), Baja California (US$8.08B), Tamaulipas (US$3.22B), Jalisco (US$2.19B), and Sonora (US$1.3B).
In 2023, the countries with the most international purchases from Mexico were United States (US$25.3B), China (US$295M), Netherlands (US$256M), Canada (US$214M), and Germany (US$196M).
International Purchases
#permalink to sectionCiudad de México: US$4.17B, State with the Most International Purchases (2023)
United States: US$7.51B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Instruments were Ciudad de México (US$4.17B), Baja California (US$2.8B), Chihuahua (US$2.55B), Tamaulipas (US$1.5B), and Jalisco (US$1.29B).
The countries with the most international sales to Mexico in 2023 were United States (US$7.51B), China (US$2.44B), Germany (US$1.02B), Japan (US$802M), and Switzerland (US$474M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Instruments and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Instruments. 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- 4.38%, Mexican share in global exports - 2022
- 2.44%, Mexican share in global imports - 2022
The visualizations show the global market for Instruments. 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 Instruments were United States (US$102B), China (US$96B), and Germany (US$78.3B). In the same year, the main importing countries for Instruments were United States (US$122B), China (US$75.2B), and Germany (US$49.7B).