Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C
Código 820790 (Harmonized System 2012 by 6 digits)
2023: US$129M, Total Trade Exchange
2023: US$17.6M, International Sales
2023: US$112M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C was US$129M.
In 2023, the states with the most international sales in Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were Baja California (US$8.31M), Estado de México (US$3.47M), Nuevo León (US$1.23M), Guanajuato (US$1.19M), and Tamaulipas (US$684k).
The states with the most international purchases in 2023 were Nuevo León (US$17.3M), Coahuila de Zaragoza (US$15.3M), Baja California (US$11.9M), Chihuahua (US$11.4M), and Estado de México (US$11.4M).
In 2023, the main commercial destinations of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were United States (US$13M), Peru (US$560k), Colombia (US$529k), Guatemala (US$469k), and El Salvador (US$393k).
The main commercial origins of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C in 2023 were United States (US$50.4M), China (US$19M), Germany (US$12.4M), Japan (US$5.62M), and South Korea (US$3.2M).
In the global context, the main exporting countries of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C in 2022 were China (US$811M), Germany (US$547M), and Taiwan (Republic of China) (US$256M). In the same year, the main importing countries of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were United States (US$461M), Germany (US$338M), and Thailand (US$170M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$129M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C in Mexico (including international purchases and sales) was US$129M.
The visualizations show the net balance of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C 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$9.37M, International Purchases
- US$1.52M, International Sales
In July 2024, international sales of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were US$1.52M, while international purchases reached US$9.37M. The above results in a trade balance of -US$7.85M.
Market Concentration
#permalink to section2024-Q3: US$1.27M, International Sales
The visualization shows the quarterly concentration of international sales of Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C at state level.
In the third quarter of 2024, international sales were US$1.27M, being the states with the most sales Baja California (US$707k), Estado de México (US$290k), and Nuevo León (US$102k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$8.31M, State with the Most International Sales (2023)
United States: US$13M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were Baja California (US$8.31M), Estado de México (US$3.47M), Nuevo León (US$1.23M), Guanajuato (US$1.19M), and Tamaulipas (US$684k).
In 2023, the countries with the most international purchases from Mexico were United States (US$13M), Peru (US$560k), Colombia (US$529k), Guatemala (US$469k), and El Salvador (US$393k).
International Purchases
#permalink to sectionNuevo León: US$17.3M, State with the Most International Purchases (2023)
United States: US$50.4M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were Nuevo León (US$17.3M), Coahuila de Zaragoza (US$15.3M), Baja California (US$11.9M), Chihuahua (US$11.4M), and Estado de México (US$11.4M).
The countries with the most international sales to Mexico in 2023 were United States (US$50.4M), China (US$19M), Germany (US$12.4M), Japan (US$5.62M), and South Korea (US$3.2M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C. 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- 0.27%, Mexican share in global exports - 2022
- 3.14%, Mexican share in global imports - 2022
The visualizations show the global market for Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C. 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 Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were China (US$811M), Germany (US$547M), and Taiwan (Republic of China) (US$256M). In the same year, the main importing countries for Interchangeable, for Hand Tools, Incl. Mechanical, or for Machine Tools, N.E.C were United States (US$461M), Germany (US$338M), and Thailand (US$170M).