Machinery Parts
Código 8529 (Harmonized System 2012 by 4 digits)
2023: US$3.84B, Total Trade Exchange
2023: US$542M, International Sales
2023: US$3.3B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machinery Parts was US$3.84B.
In 2023, the states with the most international sales in Machinery Parts were Chihuahua (US$175M), Jalisco (US$137M), Baja California (US$107M), Tamaulipas (US$54M), and Querétaro (US$29.9M).
The states with the most international purchases in 2023 were Baja California (US$1.67B), Chihuahua (US$682M), Tamaulipas (US$365M), Jalisco (US$139M), and San Luis Potosí (US$105M).
In 2023, the main commercial destinations of Machinery Parts were United States (US$421M), China (US$29.2M), Germany (US$29M), Brazil (US$22.7M), and Panama (US$5.9M).
The main commercial origins of Machinery Parts in 2023 were China (US$2.01B), South Korea (US$260M), Vietnam (US$209M), Taiwan (Republic of China) (US$199M), and United States (US$176M).
In the global context, the main exporting countries of Machinery Parts in 2022 were China (US$21.9B), South Korea (US$8.44B), and Vietnam (US$5.46B). In the same year, the main importing countries of Machinery Parts were China (US$10.5B), Hong Kong (US$5.54B), and Vietnam (US$5.02B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.84B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machinery Parts in Mexico (including international purchases and sales) was US$3.84B.
The visualizations show the net balance of Machinery Parts 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$333M, International Purchases
- US$38.7M, International Sales
In July 2024, international sales of Machinery Parts were US$38.7M, while international purchases reached US$333M. The above results in a trade balance of -US$295M.
Market Concentration
#permalink to section2024-Q3: US$38.3M, International Sales
The visualization shows the quarterly concentration of international sales of Machinery Parts at state level.
In the third quarter of 2024, international sales were US$38.3M, being the states with the most sales Chihuahua (US$11.1M), Jalisco (US$9.8M), and Baja California (US$7.48M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$175M, State with the Most International Sales (2023)
United States: US$421M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Machinery Parts were Chihuahua (US$175M), Jalisco (US$137M), Baja California (US$107M), Tamaulipas (US$54M), and Querétaro (US$29.9M).
In 2023, the countries with the most international purchases from Mexico were United States (US$421M), China (US$29.2M), Germany (US$29M), Brazil (US$22.7M), and Panama (US$5.9M).
International Purchases
#permalink to sectionBaja California: US$1.67B, State with the Most International Purchases (2023)
China: US$2.01B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machinery Parts were Baja California (US$1.67B), Chihuahua (US$682M), Tamaulipas (US$365M), Jalisco (US$139M), and San Luis Potosí (US$105M).
The countries with the most international sales to Mexico in 2023 were China (US$2.01B), South Korea (US$260M), Vietnam (US$209M), Taiwan (Republic of China) (US$199M), and United States (US$176M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machinery Parts and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machinery Parts. 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- 1.25%, Mexican share in global exports - 2022
- 6.88%, Mexican share in global imports - 2022
The visualizations show the global market for Machinery Parts. 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 Parts were China (US$21.9B), South Korea (US$8.44B), and Vietnam (US$5.46B). In the same year, the main importing countries for Machinery Parts were China (US$10.5B), Hong Kong (US$5.54B), and Vietnam (US$5.02B).