Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons
Código 8703 (Harmonized System 2012 by 4 digits)
2023: US$77.1B, Total Trade Exchange
2023: US$58.5B, International Sales
2023: US$18.6B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons was US$77.1B.
In 2023, the states with the most international sales in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$18.9B), Puebla (US$12.5B), Estado de México (US$8.5B), Nuevo León (US$3.79B), and Jalisco (US$3.15B).
The states with the most international purchases in 2023 were Ciudad de México (US$11.8B), Puebla (US$2.37B), Estado de México (US$1.34B), Nuevo León (US$1.33B), and Jalisco (US$927M).
In 2023, the main commercial destinations of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$35.8B), Germany (US$4.77B), Canada (US$3.65B), Brazil (US$677M), and Puerto Rico (US$270M).
The main commercial origins of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in 2023 were China (US$4.6B), United States (US$4.26B), Japan (US$1.95B), Brazil (US$1.36B), and India (US$1.13B).
In the global context, the main exporting countries of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in 2022 were Germany (US$150B), Japan (US$92.9B), and United States (US$60.2B). In the same year, the main importing countries of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$164B), Germany (US$67.5B), and China (US$47.8B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$77.1B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons in Mexico (including international purchases and sales) was US$77.1B.
The visualizations show the net balance of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons 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$1.76B, International Purchases
- US$5.65B, International Sales
In July 2024, international sales of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were US$5.65B, while international purchases reached US$1.76B. The above results in a trade balance of US$3.9B.
Market Concentration
#permalink to section2024-Q3: US$2.94B, International Sales
The visualization shows the quarterly concentration of international sales of Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons at state level.
In the third quarter of 2024, international sales were US$2.94B, being the states with the most sales Ciudad de México (US$1.99B), Jalisco (US$625M), and Nuevo León (US$325M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$18.9B, State with the Most International Sales (2023)
United States: US$35.8B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$18.9B), Puebla (US$12.5B), Estado de México (US$8.5B), Nuevo León (US$3.79B), and Jalisco (US$3.15B).
In 2023, the countries with the most international purchases from Mexico were United States (US$35.8B), Germany (US$4.77B), Canada (US$3.65B), Brazil (US$677M), and Puerto Rico (US$270M).
International Purchases
#permalink to sectionCiudad de México: US$11.8B, State with the Most International Purchases (2023)
China: US$4.6B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Ciudad de México (US$11.8B), Puebla (US$2.37B), Estado de México (US$1.34B), Nuevo León (US$1.33B), and Jalisco (US$927M).
The countries with the most international sales to Mexico in 2023 were China (US$4.6B), United States (US$4.26B), Japan (US$1.95B), Brazil (US$1.36B), and India (US$1.13B).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons. 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- 6.4%, Mexican share in global exports - 2022
- 1.42%, Mexican share in global imports - 2022
The visualizations show the global market for Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons. 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 Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were Germany (US$150B), Japan (US$92.9B), and United States (US$60.2B). In the same year, the main importing countries for Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons were United States (US$164B), Germany (US$67.5B), and China (US$47.8B).