ProceduresGovernment

Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461

Código 8460 (Harmonized System 2012 by 4 digits)

 2023: US$134M, Total Trade Exchange

2023: US$7.11M, International Sales

  2023: US$126M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 was US$134M.

In 2023, the states with the most international sales in Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were Guanajuato (US$1.86M), Tamaulipas (US$1.47M), Estado de México (US$798k), Chihuahua (US$709k), and Baja California (US$603k).

The states with the most international purchases in 2023 were Nuevo León (US$24.6M), Querétaro (US$22.5M), Ciudad de México (US$11.3M), Puebla (US$10.9M), and Coahuila de Zaragoza (US$10.2M).

In 2023, the main commercial destinations of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were United States (US$4.39M), Germany (US$829k), China (US$284k), India (US$264k), and Japan (US$207k).

The main commercial origins of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 in 2023 were United States (US$31.3M), Japan (US$29.2M), China (US$13.7M), Germany (US$13.5M), and Taiwan (Republic of China) (US$8.73M).

In the global context, the main exporting countries of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 in 2022 were Germany (US$762M), Switzerland (US$588M), and Japan (US$529M). In the same year, the main importing countries of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were China (US$835M), United States (US$541M), and Germany (US$296M).

Trade Balance of Mexico

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Net Trade Balance

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US$134M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 in Mexico (including international purchases and sales) was US$134M.

The visualizations show the net balance of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 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$10.8M, International Purchases
  • US$1.64M, International Sales

In July 2024, international sales of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were US$1.64M, while international purchases reached US$10.8M. The above results in a trade balance of -US$9.15M.

Market Concentration

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2024-Q3: US$787k, International Sales

The visualization shows the quarterly concentration of international sales of Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 at state level.

In the third quarter of 2024, international sales were US$787k, being the states with the most sales Chihuahua (US$708k), Estado de México (US$78.2k), and Ciudad de México (US$36).

Exchange by Territory

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International Sales

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Guanajuato: US$1.86M, State with the Most International Sales (2023)

United States: US$4.39M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were Guanajuato (US$1.86M), Tamaulipas (US$1.47M), Estado de México (US$798k), Chihuahua (US$709k), and Baja California (US$603k).

In 2023, the countries with the most international purchases from Mexico were United States (US$4.39M), Germany (US$829k), China (US$284k), India (US$264k), and Japan (US$207k).

International Purchases

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Nuevo León: US$24.6M, State with the Most International Purchases (2023)

United States: US$31.3M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were Nuevo León (US$24.6M), Querétaro (US$22.5M), Ciudad de México (US$11.3M), Puebla (US$10.9M), and Coahuila de Zaragoza (US$10.2M).

The countries with the most international sales to Mexico in 2023 were United States (US$31.3M), Japan (US$29.2M), China (US$13.7M), Germany (US$13.5M), and Taiwan (Republic of China) (US$8.73M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461. 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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  • 0.091%, Mexican share in global exports - 2022
  • 3.31%, Mexican share in global imports - 2022

The visualizations show the global market for Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461. 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 Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were Germany (US$762M), Switzerland (US$588M), and Japan (US$529M). In the same year, the main importing countries for Machine Tools for Deburring, Sharpening, Grinding, Honing (Honing), Polishing or otherwise Finishing Metal or Cermet, Abrasives or Polishing Products, other than Machines Grinding or Gear Finishing Machines of Heading 8461 were China (US$835M), United States (US$541M), and Germany (US$296M).