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Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46

Código 8547 (Harmonized System 2012 by 4 digits)

 2023: US$422M, Total Trade Exchange

2023: US$125M, International Sales

  2023: US$298M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 was US$422M.

In 2023, the states with the most international sales in Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were Estado de México (US$71.1M), Nuevo León (US$13.6M), Querétaro (US$13M), Ciudad de México (US$12.6M), and Baja California (US$5.03M).

The states with the most international purchases in 2023 were Nuevo León (US$47.6M), Baja California (US$40.2M), Ciudad de México (US$33.4M), San Luis Potosí (US$30.2M), and Chihuahua (US$27.8M).

In 2023, the main commercial destinations of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were United States (US$115M), China (US$7.47M), Puerto Rico (US$699k), India (US$460k), and Colombia (US$172k).

The main commercial origins of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 in 2023 were United States (US$150M), China (US$55.1M), Germany (US$21.8M), Japan (US$8.86M), and Hungary (US$8.32M).

In the global context, the main exporting countries of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 in 2022 were Germany (US$1.33B), China (US$1.1B), and Japan (US$787M). In the same year, the main importing countries of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were China (US$802M), Germany (US$641M), and United States (US$463M).

Trade Balance of Mexico

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Net Trade Balance

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US$422M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 in Mexico (including international purchases and sales) was US$422M.

The visualizations show the net balance of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 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$28.8M, International Purchases
  • US$12.3M, International Sales

In July 2024, international sales of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were US$12.3M, while international purchases reached US$28.8M. The above results in a trade balance of -US$16.5M.

Market Concentration

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2024-Q3: US$12.3M, International Sales

The visualization shows the quarterly concentration of international sales of Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 at state level.

In the third quarter of 2024, international sales were US$12.3M, being the states with the most sales Estado de México (US$6.83M), Ciudad de México (US$2.11M), and Nuevo León (US$1.54M).

Exchange by Territory

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International Sales

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Estado de México: US$71.1M, State with the Most International Sales (2023)

United States: US$115M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were Estado de México (US$71.1M), Nuevo León (US$13.6M), Querétaro (US$13M), Ciudad de México (US$12.6M), and Baja California (US$5.03M).

In 2023, the countries with the most international purchases from Mexico were United States (US$115M), China (US$7.47M), Puerto Rico (US$699k), India (US$460k), and Colombia (US$172k).

International Purchases

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Nuevo León: US$47.6M, State with the Most International Purchases (2023)

United States: US$150M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were Nuevo León (US$47.6M), Baja California (US$40.2M), Ciudad de México (US$33.4M), San Luis Potosí (US$30.2M), and Chihuahua (US$27.8M).

The countries with the most international sales to Mexico in 2023 were United States (US$150M), China (US$55.1M), Germany (US$21.8M), Japan (US$8.86M), and Hungary (US$8.32M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46. 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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  • 2.74%, Mexican share in global exports - 2022
  • 5.28%, Mexican share in global imports - 2022

The visualizations show the global market for Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46. 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 Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were Germany (US$1.33B), China (US$1.1B), and Japan (US$787M). In the same year, the main importing countries for Insulating Parts, Metallic Assembly Parts Inlaid in the Dough, for Electrical Machines, Apparatus or Installations, except Insulators of Heading 85.46 were China (US$802M), Germany (US$641M), and United States (US$463M).