Machines
Code 16 (Harmonized System 2012 by Sector)
2023: US$412B, Total Trade Exchange
2023: US$196B, International Sales
2023: US$216B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machines was US$412B.
In 2023, the states with the most international sales in Machines were Chihuahua (US$46.1B), Nuevo León (US$31.1B), Baja California (US$24.7B), Tamaulipas (US$17.8B), and Ciudad de México (US$17.5B).
The states with the most international purchases in 2023 were Ciudad de México (US$45.4B), Chihuahua (US$42.3B), Jalisco (US$23.6B), Nuevo León (US$22.9B), and Baja California (US$20.8B).
In 2023, the main commercial destinations of Machines were United States (US$173B), Canada (US$4.98B), China (US$1.62B), Netherlands (US$1.41B), and South Korea (US$1.21B).
The main commercial origins of Machines in 2023 were China (US$61.4B), United States (US$59.6B), Taiwan (Republic of China) (US$11.1B), South Korea (US$10.7B), and Malaysia (US$10.1B).
In the global context, the main exporting countries of Machines in 2022 were China (US$1.8T), United States (US$421B), and Germany (US$412B). In the same year, the main importing countries of Machines were United States (US$932B), China (US$634B), and Hong Kong (US$419B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$412B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machines in Mexico (including international purchases and sales) was US$412B.
The visualizations show the net balance of Machines 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$19.8B, International Sales
- US$21.2B, International Purchases
In July 2024, international sales of Machines were US$19.8B and a total of US$21.2B in international purchases. For this month the net trade balance of Machines it was of -US$1.42B.
Market Concentration
#permalink to section2024-Q3: US$19.8B, International Sales
The visualization shows the quarterly concentration of international sales of Machines at state level.
In the third quarter of 2024, international sales were US$19.8B, being the states with the most sales Chihuahua (US$5.7B), Nuevo León (US$3.01B), and Jalisco (US$2.05B).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$46.1B, State with the Most International Sales (2023)
United States: US$173B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Machines were Chihuahua (US$46.1B), Nuevo León (US$31.1B), Baja California (US$24.7B), Tamaulipas (US$17.8B), and Ciudad de México (US$17.5B).
In 2023, the countries with the most international purchases from Mexico were United States (US$173B), Canada (US$4.98B), China (US$1.62B), Netherlands (US$1.41B), and South Korea (US$1.21B).
International Purchases
#permalink to sectionCiudad de México: US$45.4B, State with the Most International Purchases (2023)
China: US$61.4B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machines were Ciudad de México (US$45.4B), Chihuahua (US$42.3B), Jalisco (US$23.6B), Nuevo León (US$22.9B), and Baja California (US$20.8B).
The countries with the most international sales to Mexico in 2023 were China (US$61.4B), United States (US$59.6B), Taiwan (Republic of China) (US$11.1B), South Korea (US$10.7B), and Malaysia (US$10.1B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machines and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machines. 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- 3.3%, Mexican share in global exports - 2022
- 3.18%, Mexican share in global imports - 2022
The visualizations show the global market for Machines. 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 Machines were China (US$1.8T), United States (US$421B), and Germany (US$412B). In the same year, the main importing countries for Machines were United States (US$932B), China (US$634B), and Hong Kong (US$419B).