ProceduresGovernment

Ovens Functioning by Induction or Dielectric Loss

Código 851420 (Harmonized System 2012 by 6 digits)

 2023: US$39.4M, Total Trade Exchange

2023: US$1.45M, International Sales

  2023: US$38M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Ovens Functioning by Induction or Dielectric Loss was US$39.4M.

In 2023, the states with the most international sales in Ovens Functioning by Induction or Dielectric Loss were Querétaro (US$614k), Tamaulipas (US$201k), Chihuahua (US$91.5k), Ciudad de México (US$23.3k), and Baja California (US$18.3k).

The states with the most international purchases in 2023 were Jalisco (US$12.5M), Tamaulipas (US$4.01M), Estado de México (US$3.6M), San Luis Potosí (US$3.4M), and Querétaro (US$2.75M).

In 2023, the main commercial destinations of Ovens Functioning by Induction or Dielectric Loss were United States (US$902k), Colombia (US$39.7k), Nicaragua (US$4.95k), and Italy (US$555).

The main commercial origins of Ovens Functioning by Induction or Dielectric Loss in 2023 were Hungary (US$10.6M), United States (US$9.54M), Italy (US$4.9M), China (US$3.83M), and South Korea (US$2.35M).

In the global context, the main exporting countries of Ovens Functioning by Induction or Dielectric Loss in 2022 were China (US$131M), Germany (US$110M), and India (US$61M). In the same year, the main importing countries of Ovens Functioning by Induction or Dielectric Loss were China (US$59M), United States (US$56M), and Mexico (US$48.1M).

Trade Balance of Mexico

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Net Trade Balance

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US$39.4M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Ovens Functioning by Induction or Dielectric Loss in Mexico (including international purchases and sales) was US$39.4M.

The visualizations show the net balance of Ovens Functioning by Induction or Dielectric Loss 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$2.26M, International Purchases
  • US$124k, International Sales

In July 2024, international sales of Ovens Functioning by Induction or Dielectric Loss were US$124k, while international purchases reached US$2.26M. The above results in a trade balance of -US$2.13M.

Exchange by Territory

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International Sales

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Querétaro: US$614k, State with the Most International Sales (2023)

United States: US$902k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Ovens Functioning by Induction or Dielectric Loss were Querétaro (US$614k), Tamaulipas (US$201k), Chihuahua (US$91.5k), Ciudad de México (US$23.3k), and Baja California (US$18.3k).

In 2023, the countries with the most international purchases from Mexico were United States (US$902k), Colombia (US$39.7k), Nicaragua (US$4.95k), and Italy (US$555).

International Purchases

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Jalisco: US$12.5M, State with the Most International Purchases (2023)

Hungary: US$10.6M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Ovens Functioning by Induction or Dielectric Loss were Jalisco (US$12.5M), Tamaulipas (US$4.01M), Estado de México (US$3.6M), San Luis Potosí (US$3.4M), and Querétaro (US$2.75M).

The countries with the most international sales to Mexico in 2023 were Hungary (US$10.6M), United States (US$9.54M), Italy (US$4.9M), China (US$3.83M), and South Korea (US$2.35M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Ovens Functioning by Induction or Dielectric Loss  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Ovens Functioning by Induction or Dielectric Loss. 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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  • 0.063%, Mexican share in global exports - 2022
  • 7.24%, Mexican share in global imports - 2022

The visualizations show the global market for Ovens Functioning by Induction or Dielectric Loss. 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 Ovens Functioning by Induction or Dielectric Loss were China (US$131M), Germany (US$110M), and India (US$61M). In the same year, the main importing countries for Ovens Functioning by Induction or Dielectric Loss were China (US$59M), United States (US$56M), and Mexico (US$48.1M).