Parts of Electric Motors and Generators
Código 8503 (Harmonized System 2012 by 4 digits)
2023: US$2.6B, Total Trade Exchange
2023: US$1.22B, International Sales
2023: US$1.38B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Parts of Electric Motors and Generators was US$2.6B.
In 2023, the states with the most international sales in Parts of Electric Motors and Generators were Querétaro (US$226M), Tamaulipas (US$105M), Nuevo León (US$103M), Estado de México (US$40.5M), and Baja California (US$37.9M).
The states with the most international purchases in 2023 were Chihuahua (US$244M), Estado de México (US$216M), Nuevo León (US$201M), Tamaulipas (US$164M), and Querétaro (US$129M).
In 2023, the main commercial destinations of Parts of Electric Motors and Generators were United States (US$552M), Germany (US$19.7M), Brazil (US$6.41M), South Korea (US$3.18M), and Vietnam (US$2.15M).
The main commercial origins of Parts of Electric Motors and Generators in 2023 were China (US$454M), United States (US$367M), South Korea (US$126M), Japan (US$61.7M), and India (US$54.3M).
In the global context, the main exporting countries of Parts of Electric Motors and Generators in 2022 were China (US$6.41B), Germany (US$2.41B), and Japan (US$1.66B). In the same year, the main importing countries of Parts of Electric Motors and Generators were Germany (US$3.29B), United States (US$3.25B), and Mexico (US$1.42B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.6B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Parts of Electric Motors and Generators in Mexico (including international purchases and sales) was US$2.6B.
The visualizations show the net balance of Parts of Electric Motors and Generators 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 sectionNovember, 2024
- US$61.6M, International Purchases
- US$117M, International Sales
In November 2024, international sales of Parts of Electric Motors and Generators were US$117M, while international purchases reached US$61.6M. The above results in a trade balance of US$55.1M.
Market Concentration
#permalink to section2024-Q4: US$240M, International Sales
The visualization shows the quarterly concentration of international sales of Parts of Electric Motors and Generators at state level.
In the fourth quarter of 2024, international sales were US$240M, being the states with the most sales Chihuahua (US$134M), Querétaro (US$39.2M), and Nuevo León (US$18M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionQuerétaro: US$226M, State with the Most International Sales (2023)
United States: US$552M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Parts of Electric Motors and Generators were Querétaro (US$226M), Tamaulipas (US$105M), Nuevo León (US$103M), Estado de México (US$40.5M), and Baja California (US$37.9M).
In 2023, the countries with the most international purchases from Mexico were United States (US$552M), Germany (US$19.7M), Brazil (US$6.41M), South Korea (US$3.18M), and Vietnam (US$2.15M).
International Purchases
#permalink to sectionChihuahua: US$244M, State with the Most International Purchases (2023)
China: US$454M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Parts of Electric Motors and Generators were Chihuahua (US$244M), Estado de México (US$216M), Nuevo León (US$201M), Tamaulipas (US$164M), and Querétaro (US$129M).
The countries with the most international sales to Mexico in 2023 were China (US$454M), United States (US$367M), South Korea (US$126M), Japan (US$61.7M), and India (US$54.3M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Parts of Electric Motors and Generators and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Parts of Electric Motors and Generators. 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- 2.83%, Mexican share in global exports - 2022
- 5.94%, Mexican share in global imports - 2022
The visualizations show the global market for Parts of Electric Motors and Generators. 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 of Electric Motors and Generators were China (US$6.41B), Germany (US$2.41B), and Japan (US$1.66B). In the same year, the main importing countries for Parts of Electric Motors and Generators were Germany (US$3.29B), United States (US$3.25B), and Mexico (US$1.42B).