ProceduresGovernment

Others Musical String (For Example, Guitars, Violins, Harps) Instruments

Código 9202 (Harmonized System 2012 by 4 digits)

 2023: US$61.6M, Total Trade Exchange

2023: US$48.3M, International Sales

  2023: US$13.3M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Others Musical String (For Example, Guitars, Violins, Harps) Instruments was US$61.6M.

In 2023, the states with the most international sales in Others Musical String (For Example, Guitars, Violins, Harps) Instruments were Baja California (US$28.8M) and Ciudad de México (US$9.17k).

The states with the most international purchases in 2023 were Ciudad de México (US$5.55M), Baja California (US$2.74M), Jalisco (US$2.41M), Nuevo León (US$434k), and Estado de México (US$242k).

In 2023, the main commercial destinations of Others Musical String (For Example, Guitars, Violins, Harps) Instruments were United States (US$28.8M), Cuba (US$230), Uganda (US$172), and Venezuela (US$100).

The main commercial origins of Others Musical String (For Example, Guitars, Violins, Harps) Instruments in 2023 were China (US$7.25M), Indonesia (US$3.04M), United States (US$987k), Canada (US$134k), and Japan (US$56.6k).

In the global context, the main exporting countries of Others Musical String (For Example, Guitars, Violins, Harps) Instruments in 2022 were China (US$505M), United States (US$142M), and Indonesia (US$116M). In the same year, the main importing countries of Others Musical String (For Example, Guitars, Violins, Harps) Instruments were United States (US$267M), Germany (US$87.4M), and Japan (US$59.6M).

Trade Balance of Mexico

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Net Trade Balance

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US$61.6M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Others Musical String (For Example, Guitars, Violins, Harps) Instruments in Mexico (including international purchases and sales) was US$61.6M.

The visualizations show the net balance of Others Musical String (For Example, Guitars, Violins, Harps) Instruments 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$1.19M, International Purchases
  • US$3.15M, International Sales

In July 2024, international sales of Others Musical String (For Example, Guitars, Violins, Harps) Instruments were US$3.15M, while international purchases reached US$1.19M. The above results in a trade balance of US$1.96M.

Market Concentration

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2024-Q3: US$2.05M, International Sales

The visualization shows the quarterly concentration of international sales of Others Musical String (For Example, Guitars, Violins, Harps) Instruments at state level.

In the third quarter of 2024, international sales were US$2.05M, being the states with the most sales Baja California (US$2.05M).

Exchange by Territory

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International Sales

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Baja California: US$28.8M, State with the Most International Sales (2023)

United States: US$28.8M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Others Musical String (For Example, Guitars, Violins, Harps) Instruments were Baja California (US$28.8M) and Ciudad de México (US$9.17k).

In 2023, the countries with the most international purchases from Mexico were United States (US$28.8M), Cuba (US$230), Uganda (US$172), and Venezuela (US$100).

International Purchases

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Ciudad de México: US$5.55M, State with the Most International Purchases (2023)

China: US$7.25M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Others Musical String (For Example, Guitars, Violins, Harps) Instruments were Ciudad de México (US$5.55M), Baja California (US$2.74M), Jalisco (US$2.41M), Nuevo León (US$434k), and Estado de México (US$242k).

The countries with the most international sales to Mexico in 2023 were China (US$7.25M), Indonesia (US$3.04M), United States (US$987k), Canada (US$134k), and Japan (US$56.6k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Others Musical String (For Example, Guitars, Violins, Harps) Instruments  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Others Musical String (For Example, Guitars, Violins, Harps) Instruments. 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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  • 8.46%, Mexican share in global exports - 2022
  • 0.81%, Mexican share in global imports - 2022

The visualizations show the global market for Others Musical String (For Example, Guitars, Violins, Harps) Instruments. 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 Others Musical String (For Example, Guitars, Violins, Harps) Instruments were China (US$505M), United States (US$142M), and Indonesia (US$116M). In the same year, the main importing countries for Others Musical String (For Example, Guitars, Violins, Harps) Instruments were United States (US$267M), Germany (US$87.4M), and Japan (US$59.6M).