Machines
Code 16 (Harmonized System 2012 by Sector)
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 N/A. In the same year, the main importing countries for Machines were United States (US$932B), China (US$634B), and Hong Kong (US$419B).