Machine Needles
Código 845230 (Harmonized System 2012 by 6 digits)
2023: US$8.74M, Total Trade Exchange
2023: US$83.3k, International Sales
2023: US$8.66M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machine Needles was US$8.74M.
In 2023, the states with the most international sales in Machine Needles were Ciudad de México (US$15.8k), Jalisco (US$4.51k), Coahuila de Zaragoza (US$536), and Nuevo León (US$32).
The states with the most international purchases in 2023 were Ciudad de México (US$6.24M), Nuevo León (US$650k), Coahuila de Zaragoza (US$386k), Chihuahua (US$333k), and Baja California (US$255k).
In 2023, the main commercial destinations of Machine Needles were Costa Rica (US$8.21k), Dominican Republic (US$4.97k), United States (US$3.78k), Cuba (US$2.18k), and Germany (US$860).
The main commercial origins of Machine Needles in 2023 were India (US$3.82M), Czech Republic (US$1.71M), Vietnam (US$1.53M), Taiwan (Republic of China) (US$382k), and China (US$263k).
In the global context, the main exporting countries of Machine Needles in 2022 were Vietnam (US$54.5M), Singapore (US$53.6M), and India (US$36.1M). In the same year, the main importing countries of Machine Needles were Germany (US$39.4M), Singapore (US$26.3M), and Vietnam (US$25.6M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$8.74M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machine Needles in Mexico (including international purchases and sales) was US$8.74M.
The visualizations show the net balance of Machine Needles 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 sectionNovember, 2024
- US$506k, International Purchases
- US$2.17k, International Sales
In November 2024, international sales of Machine Needles were US$2.17k, while international purchases reached US$506k. The above results in a trade balance of -US$504k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$15.8k, State with the Most International Sales (2023)
Costa Rica: US$8.21k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Machine Needles were Ciudad de México (US$15.8k), Jalisco (US$4.51k), Coahuila de Zaragoza (US$536), and Nuevo León (US$32).
In 2023, the countries with the most international purchases from Mexico were Costa Rica (US$8.21k), Dominican Republic (US$4.97k), United States (US$3.78k), Cuba (US$2.18k), and Germany (US$860).
International Purchases
#permalink to sectionCiudad de México: US$6.24M, State with the Most International Purchases (2023)
India: US$3.82M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machine Needles were Ciudad de México (US$6.24M), Nuevo León (US$650k), Coahuila de Zaragoza (US$386k), Chihuahua (US$333k), and Baja California (US$255k).
The countries with the most international sales to Mexico in 2023 were India (US$3.82M), Czech Republic (US$1.71M), Vietnam (US$1.53M), Taiwan (Republic of China) (US$382k), and China (US$263k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machine Needles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machine Needles. 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- 0.0055%, Mexican share in global exports - 2022
- 2.39%, Mexican share in global imports - 2022
The visualizations show the global market for Machine Needles. 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 Machine Needles were Vietnam (US$54.5M), Singapore (US$53.6M), and India (US$36.1M). In the same year, the main importing countries for Machine Needles were Germany (US$39.4M), Singapore (US$26.3M), and Vietnam (US$25.6M).