Mechanical Machinery
Código 847989 (Harmonized System 2012 by 6 digits)
2023: US$4.12B, Total Trade Exchange
2023: US$1.45B, International Sales
2023: US$2.67B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Mechanical Machinery was US$4.12B.
In 2023, the states with the most international sales in Mechanical Machinery were Sonora (US$470M), Tamaulipas (US$269M), Baja California (US$231M), Coahuila de Zaragoza (US$163M), and Chihuahua (US$77.7M).
The states with the most international purchases in 2023 were Nuevo León (US$558M), Ciudad de México (US$324M), Querétaro (US$220M), Chihuahua (US$208M), and Coahuila de Zaragoza (US$169M).
In 2023, the main commercial destinations of Mechanical Machinery were United States (US$1.33B), Canada (US$38.5M), South Korea (US$12.6M), Kuwait (US$8.44M), and Malaysia (US$4.57M).
The main commercial origins of Mechanical Machinery in 2023 were United States (US$947M), China (US$387M), Germany (US$276M), Japan (US$247M), and South Korea (US$210M).
In the global context, the main exporting countries of Mechanical Machinery in 2022 were Germany (US$8.2B), China (US$7.01B), and Japan (US$5.22B). In the same year, the main importing countries of Mechanical Machinery were China (US$6.84B), United States (US$6.01B), and Germany (US$3.14B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.12B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Mechanical Machinery in Mexico (including international purchases and sales) was US$4.12B.
The visualizations show the net balance of Mechanical Machinery 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 sectionNovember, 2024
- US$274M, International Purchases
- US$123M, International Sales
In November 2024, international sales of Mechanical Machinery were US$123M, while international purchases reached US$274M. The above results in a trade balance of -US$151M.
Market Concentration
#permalink to section2024-Q4: US$249M, International Sales
The visualization shows the quarterly concentration of international sales of Mechanical Machinery at state level.
In the fourth quarter of 2024, international sales were US$249M, being the states with the most sales Sonora (US$95.1M), Tamaulipas (US$47.6M), and Baja California (US$28.6M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionSonora: US$470M, State with the Most International Sales (2023)
United States: US$1.33B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Mechanical Machinery were Sonora (US$470M), Tamaulipas (US$269M), Baja California (US$231M), Coahuila de Zaragoza (US$163M), and Chihuahua (US$77.7M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.33B), Canada (US$38.5M), South Korea (US$12.6M), Kuwait (US$8.44M), and Malaysia (US$4.57M).
International Purchases
#permalink to sectionNuevo León: US$558M, State with the Most International Purchases (2023)
United States: US$947M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Mechanical Machinery were Nuevo León (US$558M), Ciudad de México (US$324M), Querétaro (US$220M), Chihuahua (US$208M), and Coahuila de Zaragoza (US$169M).
The countries with the most international sales to Mexico in 2023 were United States (US$947M), China (US$387M), Germany (US$276M), Japan (US$247M), and South Korea (US$210M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Mechanical Machinery and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Mechanical Machinery. 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- 1.54%, Mexican share in global exports - 2022
- 4.56%, Mexican share in global imports - 2022
The visualizations show the global market for Mechanical Machinery. 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 Mechanical Machinery were Germany (US$8.2B), China (US$7.01B), and Japan (US$5.22B). In the same year, the main importing countries for Mechanical Machinery were China (US$6.84B), United States (US$6.01B), and Germany (US$3.14B).