Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C
Código 843680 (Harmonized System 2012 by 6 digits)
2023: US$72.9M, Total Trade Exchange
2023: US$9.91M, International Sales
2023: US$63M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C was US$72.9M.
In 2023, the states with the most international sales in Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were Nuevo León (US$5.2M), Chihuahua (US$1.2M), Sonora (US$440k), and Veracruz de Ignacio de la Llave (US$57.6k).
The states with the most international purchases in 2023 were Querétaro (US$15.8M), Jalisco (US$14.7M), Sinaloa (US$10.4M), Ciudad de México (US$4.91M), and Nuevo León (US$2.81M).
In 2023, the main commercial destinations of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were United States (US$6.79M), Guatemala (US$65.8k), Israel (US$20.4k), Honduras (US$8.81k), and El Salvador (US$6.04k).
The main commercial origins of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C in 2023 were United States (US$34.7M), China (US$5.25M), Netherlands (US$3.92M), Poland (US$3.18M), and Canada (US$3.16M).
In the global context, the main exporting countries of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C in 2022 were Canada (US$470M), Finland (US$468M), and United States (US$420M). In the same year, the main importing countries of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were United States (US$714M), Germany (US$346M), and Canada (US$225M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$72.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C in Mexico (including international purchases and sales) was US$72.9M.
The visualizations show the net balance of Machinery for Agriculture, Horticulture, Forestry or Bee, 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 sectionNovember, 2024
- US$4.09M, International Purchases
- US$361k, International Sales
In November 2024, international sales of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were US$361k, while international purchases reached US$4.09M. The above results in a trade balance of -US$3.72M.
Market Concentration
#permalink to section2024-Q4: US$208k, International Sales
The visualization shows the quarterly concentration of international sales of Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C at state level.
In the fourth quarter of 2024, international sales were US$208k, being the states with the most sales Chihuahua (US$208k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$5.2M, State with the Most International Sales (2023)
United States: US$6.79M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were Nuevo León (US$5.2M), Chihuahua (US$1.2M), Sonora (US$440k), and Veracruz de Ignacio de la Llave (US$57.6k).
In 2023, the countries with the most international purchases from Mexico were United States (US$6.79M), Guatemala (US$65.8k), Israel (US$20.4k), Honduras (US$8.81k), and El Salvador (US$6.04k).
International Purchases
#permalink to sectionQuerétaro: US$15.8M, State with the Most International Purchases (2023)
United States: US$34.7M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were Querétaro (US$15.8M), Jalisco (US$14.7M), Sinaloa (US$10.4M), Ciudad de México (US$4.91M), and Nuevo León (US$2.81M).
The countries with the most international sales to Mexico in 2023 were United States (US$34.7M), China (US$5.25M), Netherlands (US$3.92M), Poland (US$3.18M), and Canada (US$3.16M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machinery for Agriculture, Horticulture, Forestry or Bee, 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- 0.22%, Mexican share in global exports - 2022
- 1.38%, Mexican share in global imports - 2022
The visualizations show the global market for Machinery for Agriculture, Horticulture, Forestry or Bee, 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 Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were Canada (US$470M), Finland (US$468M), and United States (US$420M). In the same year, the main importing countries for Machinery for Agriculture, Horticulture, Forestry or Bee, N.E.C were United States (US$714M), Germany (US$346M), and Canada (US$225M).