Machinery, Plant and Laboratory Equipment
Código 841989 (Harmonized System 2012 by 6 digits)
2023: US$680M, Total Trade Exchange
2023: US$276M, International Sales
2023: US$404M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machinery, Plant and Laboratory Equipment was US$680M.
In 2023, the states with the most international sales in Machinery, Plant and Laboratory Equipment were Jalisco (US$111M), Tamaulipas (US$89M), Coahuila de Zaragoza (US$42M), Nuevo León (US$11.1M), and Baja California (US$5.21M).
The states with the most international purchases in 2023 were Ciudad de México (US$161M), Jalisco (US$42.9M), Nuevo León (US$39.8M), Estado de México (US$23.8M), and Baja California (US$22.7M).
In 2023, the main commercial destinations of Machinery, Plant and Laboratory Equipment were United States (US$250M), Belgium (US$10.7M), Malaysia (US$2.69M), Taiwan (Republic of China) (US$2.08M), and Guatemala (US$1.68M).
The main commercial origins of Machinery, Plant and Laboratory Equipment in 2023 were United States (US$158M), Italy (US$62M), Germany (US$41.3M), China (US$29.9M), and France (US$15.1M).
In the global context, the main exporting countries of Machinery, Plant and Laboratory Equipment in 2022 were China (US$1.93B), Germany (US$1.74B), and United States (US$896M). In the same year, the main importing countries of Machinery, Plant and Laboratory Equipment were United States (US$1.17B), China (US$966M), and Germany (US$548M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$680M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machinery, Plant and Laboratory Equipment in Mexico (including international purchases and sales) was US$680M.
The visualizations show the net balance of Machinery, Plant and Laboratory Equipment 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$90.9M, International Purchases
- US$27.5M, International Sales
In July 2024, international sales of Machinery, Plant and Laboratory Equipment were US$27.5M, while international purchases reached US$90.9M. The above results in a trade balance of -US$63.4M.
Market Concentration
#permalink to section2024-Q3: US$27.3M, International Sales
The visualization shows the quarterly concentration of international sales of Machinery, Plant and Laboratory Equipment at state level.
In the third quarter of 2024, international sales were US$27.3M, being the states with the most sales Jalisco (US$10M), Tamaulipas (US$9.84M), and Coahuila de Zaragoza (US$2.58M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionJalisco: US$111M, State with the Most International Sales (2023)
United States: US$250M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Machinery, Plant and Laboratory Equipment were Jalisco (US$111M), Tamaulipas (US$89M), Coahuila de Zaragoza (US$42M), Nuevo León (US$11.1M), and Baja California (US$5.21M).
In 2023, the countries with the most international purchases from Mexico were United States (US$250M), Belgium (US$10.7M), Malaysia (US$2.69M), Taiwan (Republic of China) (US$2.08M), and Guatemala (US$1.68M).
International Purchases
#permalink to sectionCiudad de México: US$161M, State with the Most International Purchases (2023)
United States: US$158M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machinery, Plant and Laboratory Equipment were Ciudad de México (US$161M), Jalisco (US$42.9M), Nuevo León (US$39.8M), Estado de México (US$23.8M), and Baja California (US$22.7M).
The countries with the most international sales to Mexico in 2023 were United States (US$158M), Italy (US$62M), Germany (US$41.3M), China (US$29.9M), and France (US$15.1M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machinery, Plant and Laboratory Equipment and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machinery, Plant and Laboratory Equipment. 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- 2.35%, Mexican share in global exports - 2022
- 5.08%, Mexican share in global imports - 2022
The visualizations show the global market for Machinery, Plant and Laboratory Equipment. 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, Plant and Laboratory Equipment were China (US$1.93B), Germany (US$1.74B), and United States (US$896M). In the same year, the main importing countries for Machinery, Plant and Laboratory Equipment were United States (US$1.17B), China (US$966M), and Germany (US$548M).