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Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C

Código 902590 (Harmonized System 2012 by 6 digits)

 2023: US$133M, Total Trade Exchange

2023: US$47.9M, International Sales

  2023: US$85.3M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C was US$133M.

In 2023, the states with the most international sales in Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were Baja California (US$15.5M), Chihuahua (US$11.6M), Coahuila de Zaragoza (US$11.4M), Nuevo León (US$3.52M), and Sonora (US$3.15M).

The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$17.9M), Nuevo León (US$13.6M), Baja California (US$10.8M), Ciudad de México (US$7.61M), and Chihuahua (US$6.63M).

In 2023, the main commercial destinations of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were United States (US$43.9M), France (US$1.73M), United Kingdom (US$573k), Guatemala (US$135k), and Netherlands (US$122k).

The main commercial origins of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C in 2023 were United States (US$41M), China (US$10.6M), Germany (US$5.25M), Japan (US$5.06M), and Canada (US$2.71M).

In the global context, the main exporting countries of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C in 2022 were China (US$250M), United States (US$177M), and Germany (US$171M). In the same year, the main importing countries of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were China (US$154M), United States (US$136M), and Japan (US$124M).

Trade Balance of Mexico

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Net Trade Balance

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US$133M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C in Mexico (including international purchases and sales) was US$133M.

The visualizations show the net balance of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C 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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November, 2024

  • US$7.54M, International Purchases
  • US$3.77M, International Sales

In November 2024, international sales of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were US$3.77M, while international purchases reached US$7.54M. The above results in a trade balance of -US$3.77M.

Market Concentration

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2024-Q4: US$7.44M, International Sales

The visualization shows the quarterly concentration of international sales of Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C at state level.

In the fourth quarter of 2024, international sales were US$7.44M, being the states with the most sales Baja California (US$2.45M), Coahuila de Zaragoza (US$1.82M), and Chihuahua (US$1.64M).

Exchange by Territory

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International Sales

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Baja California: US$15.5M, State with the Most International Sales (2023)

United States: US$43.9M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were Baja California (US$15.5M), Chihuahua (US$11.6M), Coahuila de Zaragoza (US$11.4M), Nuevo León (US$3.52M), and Sonora (US$3.15M).

In 2023, the countries with the most international purchases from Mexico were United States (US$43.9M), France (US$1.73M), United Kingdom (US$573k), Guatemala (US$135k), and Netherlands (US$122k).

International Purchases

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Coahuila de Zaragoza: US$17.9M, State with the Most International Purchases (2023)

United States: US$41M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were Coahuila de Zaragoza (US$17.9M), Nuevo León (US$13.6M), Baja California (US$10.8M), Ciudad de México (US$7.61M), and Chihuahua (US$6.63M).

The countries with the most international sales to Mexico in 2023 were United States (US$41M), China (US$10.6M), Germany (US$5.25M), Japan (US$5.06M), and Canada (US$2.71M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C. 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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  • 3.15%, Mexican share in global exports - 2022
  • 4.14%, Mexican share in global imports - 2022

The visualizations show the global market for Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C. 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 Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were China (US$250M), United States (US$177M), and Germany (US$171M). In the same year, the main importing countries for Parts and Accessories Hydrometers -Hydrometers and Instruments Flotantes Simil., Thermometers, Pyrometers, Barometers, Hygrometers and Psychrometers, N.E.C were China (US$154M), United States (US$136M), and Japan (US$124M).