Machines for Balancing Mechanical Parts
Código 903110 (Harmonized System 2012 by 6 digits)
2023: US$18.9M, Total Trade Exchange
2023: US$870k, International Sales
2023: US$18M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Machines for Balancing Mechanical Parts was US$18.9M.
In 2022, the states with the most international sales in Machines for Balancing Mechanical Parts were Estado de México (US$337k) and Chihuahua (US$4.92k).
The states with the most international purchases in 2023 were Querétaro (US$4.07M), Coahuila de Zaragoza (US$3.85M), Puebla (US$1.94M), Nuevo León (US$1.33M), and Tamaulipas (US$1.28M).
In 2022, the main commercial destinations of Machines for Balancing Mechanical Parts were United States (US$128k), Canada (US$71.3k), Venezuela (US$23.3k), Vietnam (US$21.4k), and Philippines (US$20.1k).
The main commercial origins of Machines for Balancing Mechanical Parts in 2023 were Italy (US$4.72M), United States (US$4.07M), Germany (US$3.87M), United Kingdom (US$1.25M), and Japan (US$888k).
In the global context, the main exporting countries of Machines for Balancing Mechanical Parts in 2022 were United States (US$106M), Italy (US$87.7M), and China (US$73.6M). In the same year, the main importing countries of Machines for Balancing Mechanical Parts were China (US$55.9M), United States (US$35.9M), and Germany (US$32.1M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$18.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Machines for Balancing Mechanical Parts in Mexico (including international purchases and sales) was US$18.9M.
The visualizations show the net balance of Machines for Balancing Mechanical 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$605k, International Purchases
- US$129k, International Sales
In July 2024, international sales of Machines for Balancing Mechanical Parts were US$129k, while international purchases reached US$605k. The above results in a trade balance of -US$476k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$337k, State with the Most International Sales (2022)
United States: US$128k, Main commercial destination (2022)
In 2022, the states with the highest international sales in Machines for Balancing Mechanical Parts were Estado de México (US$337k) and Chihuahua (US$4.92k).
In 2022, the countries with the most international purchases from Mexico were United States (US$128k), Canada (US$71.3k), Venezuela (US$23.3k), Vietnam (US$21.4k), and Philippines (US$20.1k).
International Purchases
#permalink to sectionQuerétaro: US$4.07M, State with the Most International Purchases (2023)
Italy: US$4.72M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Machines for Balancing Mechanical Parts were Querétaro (US$4.07M), Coahuila de Zaragoza (US$3.85M), Puebla (US$1.94M), Nuevo León (US$1.33M), and Tamaulipas (US$1.28M).
The countries with the most international sales to Mexico in 2023 were Italy (US$4.72M), United States (US$4.07M), Germany (US$3.87M), United Kingdom (US$1.25M), and Japan (US$888k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Machines for Balancing Mechanical Parts and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Machines for Balancing Mechanical 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- 0.12%, Mexican share in global exports - 2022
- 2.93%, Mexican share in global imports - 2022
The visualizations show the global market for Machines for Balancing Mechanical 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 Machines for Balancing Mechanical Parts were United States (US$106M), Italy (US$87.7M), and China (US$73.6M). In the same year, the main importing countries for Machines for Balancing Mechanical Parts were China (US$55.9M), United States (US$35.9M), and Germany (US$32.1M).