ProceduresGovernment

Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions)

Código 9207 (Harmonized System 2012 by 4 digits)

 2023: US$83.6M, Total Trade Exchange

2023: US$48.9M, International Sales

  2023: US$34.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) was US$83.6M.

In 2023, the states with the most international sales in Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were Ciudad de México (US$19.2k).

The states with the most international purchases in 2023 were Ciudad de México (US$23.4M), Baja California (US$5.45M), Nuevo León (US$644k), Jalisco (US$624k), and San Luis Potosí (US$582k).

In 2023, the main commercial destinations of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were United States (US$14.5k), China (US$4.17k), Dominican Republic (US$354), and Cuba (US$150).

The main commercial origins of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) in 2023 were China (US$18.8M), Indonesia (US$5.69M), United States (US$3M), India (US$1.3M), and Malaysia (US$1.19M).

In the global context, the main exporting countries of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) in 2022 were China (US$1.12B), Indonesia (US$756M), and Germany (US$295M). In the same year, the main importing countries of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were United States (US$801M), Germany (US$407M), and Japan (US$211M).

Trade Balance of Mexico

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Net Trade Balance

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US$83.6M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) in Mexico (including international purchases and sales) was US$83.6M.

The visualizations show the net balance of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) 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

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July, 2024: US$3.94M, International Purchases

In July 2024, international sales of Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were US$0, while international purchases reached US$3.94M. The above results in a trade balance of -US$3.94M.

Exchange by Territory

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International Sales

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Ciudad de México: US$19.2k, State with the Most International Sales (2023)

United States: US$14.5k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were Ciudad de México (US$19.2k).

In 2023, the countries with the most international purchases from Mexico were United States (US$14.5k), China (US$4.17k), Dominican Republic (US$354), and Cuba (US$150).

International Purchases

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Ciudad de México: US$23.4M, State with the Most International Purchases (2023)

China: US$18.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were Ciudad de México (US$23.4M), Baja California (US$5.45M), Nuevo León (US$644k), Jalisco (US$624k), and San Luis Potosí (US$582k).

The countries with the most international sales to Mexico in 2023 were China (US$18.8M), Indonesia (US$5.69M), United States (US$3M), India (US$1.3M), and Malaysia (US$1.19M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions). 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.

Origins and Trade Destinations

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  • 3.87%, Mexican share in global exports - 2022
  • 0.93%, Mexican share in global imports - 2022

The visualizations show the global market for Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions). 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 Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were China (US$1.12B), Indonesia (US$756M), and Germany (US$295M). In the same year, the main importing countries for Musical Instruments, the Sound is Produced, or must be Amplified, Electrically (For Example, Organs, Guitars, Accordions) were United States (US$801M), Germany (US$407M), and Japan (US$211M).