Other Machinery and Office Machines
Código 8472 (Harmonized System 2012 by 4 digits)
2023: US$295M, Total Trade Exchange
2023: US$77M, International Sales
2023: US$218M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Other Machinery and Office Machines was US$295M.
In 2023, the states with the most international sales in Other Machinery and Office Machines were Chihuahua (US$61.8M), Jalisco (US$8.2M), Ciudad de México (US$4.05M), Estado de México (US$1.57M), and Querétaro (US$1.1M).
The states with the most international purchases in 2023 were Ciudad de México (US$196M), Estado de México (US$8.05M), Jalisco (US$7.4M), Nuevo León (US$2.41M), and Veracruz de Ignacio de la Llave (US$717k).
In 2023, the main commercial destinations of Other Machinery and Office Machines were United States (US$69.7M), Colombia (US$1.92M), Chile (US$838k), Peru (US$803k), and Dominican Republic (US$533k).
The main commercial origins of Other Machinery and Office Machines in 2023 were Germany (US$65.3M), China (US$45.7M), India (US$40.1M), Vietnam (US$26.5M), and South Korea (US$10.5M).
In the global context, the main exporting countries of Other Machinery and Office Machines in 2022 were China (US$1.5B), Germany (US$650M), and South Korea (US$368M). In the same year, the main importing countries of Other Machinery and Office Machines were United States (US$1.1B), Germany (US$225M), and France (US$192M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$295M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Other Machinery and Office Machines in Mexico (including international purchases and sales) was US$295M.
The visualizations show the net balance of Other Machinery and Office Machines 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$21.7M, International Purchases
- US$10.7M, International Sales
In July 2024, international sales of Other Machinery and Office Machines were US$10.7M, while international purchases reached US$21.7M. The above results in a trade balance of -US$11M.
Market Concentration
#permalink to section2024-Q3: US$1.25M, International Sales
The visualization shows the quarterly concentration of international sales of Other Machinery and Office Machines at state level.
In the third quarter of 2024, international sales were US$1.25M, being the states with the most sales Jalisco (US$1.14M), Estado de México (US$61k), and Ciudad de México (US$54.6k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$61.8M, State with the Most International Sales (2023)
United States: US$69.7M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Other Machinery and Office Machines were Chihuahua (US$61.8M), Jalisco (US$8.2M), Ciudad de México (US$4.05M), Estado de México (US$1.57M), and Querétaro (US$1.1M).
In 2023, the countries with the most international purchases from Mexico were United States (US$69.7M), Colombia (US$1.92M), Chile (US$838k), Peru (US$803k), and Dominican Republic (US$533k).
International Purchases
#permalink to sectionCiudad de México: US$196M, State with the Most International Purchases (2023)
Germany: US$65.3M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Other Machinery and Office Machines were Ciudad de México (US$196M), Estado de México (US$8.05M), Jalisco (US$7.4M), Nuevo León (US$2.41M), and Veracruz de Ignacio de la Llave (US$717k).
The countries with the most international sales to Mexico in 2023 were Germany (US$65.3M), China (US$45.7M), India (US$40.1M), Vietnam (US$26.5M), and South Korea (US$10.5M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Other Machinery and Office Machines and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Other Machinery and Office 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- 1.84%, Mexican share in global exports - 2022
- 3.14%, Mexican share in global imports - 2022
The visualizations show the global market for Other Machinery and Office 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 Other Machinery and Office Machines were China (US$1.5B), Germany (US$650M), and South Korea (US$368M). In the same year, the main importing countries for Other Machinery and Office Machines were United States (US$1.1B), Germany (US$225M), and France (US$192M).