Lathes (Including Turning Centers) for Removing Metal
Código 8458 (Harmonized System 2012 by 4 digits)
2023: US$259M, Total Trade Exchange
2023: US$6.56M, International Sales
2023: US$253M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Lathes (Including Turning Centers) for Removing Metal was US$259M.
In 2023, the states with the most international sales in Lathes (Including Turning Centers) for Removing Metal were Nuevo León (US$2.28M), Querétaro (US$877k), Tamaulipas (US$852k), Sonora (US$560k), and Guanajuato (US$355k).
The states with the most international purchases in 2023 were Nuevo León (US$57.9M), Estado de México (US$27.8M), Guanajuato (US$25.1M), Querétaro (US$24.8M), and Coahuila de Zaragoza (US$24M).
In 2023, the main commercial destinations of Lathes (Including Turning Centers) for Removing Metal were United States (US$4.42M), Luxembourg (US$397k), Japan (US$364k), Brazil (US$234k), and Chile (US$172k).
The main commercial origins of Lathes (Including Turning Centers) for Removing Metal in 2023 were Japan (US$73.1M), South Korea (US$39M), China (US$35.3M), United States (US$32.9M), and Taiwan (Republic of China) (US$21.5M).
In the global context, the main exporting countries of Lathes (Including Turning Centers) for Removing Metal in 2022 were Japan (US$1.78B), South Korea (US$965M), and Taiwan (Republic of China) (US$809M). In the same year, the main importing countries of Lathes (Including Turning Centers) for Removing Metal were United States (US$1.18B), China (US$612M), and Germany (US$602M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$259M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Lathes (Including Turning Centers) for Removing Metal in Mexico (including international purchases and sales) was US$259M.
The visualizations show the net balance of Lathes (Including Turning Centers) for Removing Metal 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$21.9M, International Purchases
- US$1.19M, International Sales
In July 2024, international sales of Lathes (Including Turning Centers) for Removing Metal were US$1.19M, while international purchases reached US$21.9M. The above results in a trade balance of -US$20.7M.
Market Concentration
#permalink to section2024-Q3: US$598k, International Sales
The visualization shows the quarterly concentration of international sales of Lathes (Including Turning Centers) for Removing Metal at state level.
In the third quarter of 2024, international sales were US$598k, being the states with the most sales Chihuahua (US$598k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.28M, State with the Most International Sales (2023)
United States: US$4.42M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Lathes (Including Turning Centers) for Removing Metal were Nuevo León (US$2.28M), Querétaro (US$877k), Tamaulipas (US$852k), Sonora (US$560k), and Guanajuato (US$355k).
In 2023, the countries with the most international purchases from Mexico were United States (US$4.42M), Luxembourg (US$397k), Japan (US$364k), Brazil (US$234k), and Chile (US$172k).
International Purchases
#permalink to sectionNuevo León: US$57.9M, State with the Most International Purchases (2023)
Japan: US$73.1M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Lathes (Including Turning Centers) for Removing Metal were Nuevo León (US$57.9M), Estado de México (US$27.8M), Guanajuato (US$25.1M), Querétaro (US$24.8M), and Coahuila de Zaragoza (US$24M).
The countries with the most international sales to Mexico in 2023 were Japan (US$73.1M), South Korea (US$39M), China (US$35.3M), United States (US$32.9M), and Taiwan (Republic of China) (US$21.5M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Lathes (Including Turning Centers) for Removing Metal and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Lathes (Including Turning Centers) for Removing Metal. 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- 0.062%, Mexican share in global exports - 2022
- 3.36%, Mexican share in global imports - 2022
The visualizations show the global market for Lathes (Including Turning Centers) for Removing Metal. 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 Lathes (Including Turning Centers) for Removing Metal were Japan (US$1.78B), South Korea (US$965M), and Taiwan (Republic of China) (US$809M). In the same year, the main importing countries for Lathes (Including Turning Centers) for Removing Metal were United States (US$1.18B), China (US$612M), and Germany (US$602M).