Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481)
Código 903281 (Harmonized System 2012 by 6 digits)
In 2023, the states with the most international sales in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were Estado de México (US$10.5M), Baja California (US$624k), Ciudad de México (US$221k), Nuevo León (US$73.2k), and Jalisco (US$59.2k).
The states with the most international purchases in 2023 were Nuevo León (US$21.4M), Puebla (US$9.67M), Ciudad de México (US$4.15M), Guanajuato (US$1.99M), and Jalisco (US$1.85M).
In 2023, the main commercial destinations of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were United States (US$8.86M), Canada (US$705k), Netherlands (US$482k), Germany (US$308k), and Argentina (US$298k).
The main commercial origins of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) in 2023 were United States (US$24.5M), Germany (US$11.2M), China (US$2.04M), Argentina (US$1.69M), and France (US$955k).
In the global context, the main exporting countries of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) in 2022 were Germany (US$963M), France (US$224M), and China (US$208M). In the same year, the main importing countries of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were China (US$323M), Germany (US$194M), and Italy (US$142M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) 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 Trade Balance by State
Net Trade Balance of Mexico and the World (2023)
Net International Trade
#permalink to sectionNovember, 2024
- US$3.39M, International Purchases
- US$693k, International Sales
In November 2024, international sales of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were US$693k, while international purchases reached US$3.39M. The above results in a trade balance of -US$2.7M.
Net International Trade in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481)
Monthly Flow, according to data from customs tape
Market Concentration
#permalink to section2024-Q4: US$1.68M, International Sales
The visualization shows the quarterly concentration of international sales of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) at state level.
In the fourth quarter of 2024, international sales were US$1.68M, being the states with the most sales Estado de México (US$1.56M), Baja California (US$79.2k), and Nuevo León (US$44.5k).
Evolution of the Quarterly Market Concentration of Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481)
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$10.5M, State with the Most International Sales (2023)
United States: US$8.86M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were Estado de México (US$10.5M), Baja California (US$624k), Ciudad de México (US$221k), Nuevo León (US$73.2k), and Jalisco (US$59.2k).
In 2023, the countries with the most international purchases from Mexico were United States (US$8.86M), Canada (US$705k), Netherlands (US$482k), Germany (US$308k), and Argentina (US$298k).
Internationals Sales by State (2023)
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International Sales by Country (2023)
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International Purchases
#permalink to sectionNuevo León: US$21.4M, State with the Most International Purchases (2023)
United States: US$24.5M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were Nuevo León (US$21.4M), Puebla (US$9.67M), Ciudad de México (US$4.15M), Guanajuato (US$1.99M), and Jalisco (US$1.85M).
The countries with the most international sales to Mexico in 2023 were United States (US$24.5M), Germany (US$11.2M), China (US$2.04M), Argentina (US$1.69M), and France (US$955k).
International Purchases by State (2023)
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International Purchases by Country (2023)
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Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481). 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.
Specialization and Complexity in Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481)
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.8%, Mexican share in global exports - 2022
- 1.52%, Mexican share in global imports - 2022
The visualizations show the global market for Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481). 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 and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were Germany (US$963M), France (US$224M), and China (US$208M). In the same year, the main importing countries for Instruments and Apparatus for Regulating or Controlling, Hydraulic or Pneumatic (Exc. Manostats and Organs of Heading 8481) were China (US$323M), Germany (US$194M), and Italy (US$142M).