Parts of Furniture, other than Seats, N.E.C
Código 940390 (Harmonized System 2012 by 6 digits)
2022: US$622M, International Sales
2023: US$4.85M, International Purchases
In 2022, the states with the most international sales in Parts of Furniture, other than Seats, N.E.C were Baja California (US$368M), Chihuahua (US$81.5M), Tamaulipas (US$37.6M), Nuevo León (US$33.9M), and Jalisco (US$20.4M).
The states with the most international purchases in 2023 were Ciudad de México (US$51.3k).
In 2022, the main commercial destinations of Parts of Furniture, other than Seats, N.E.C were United States (US$605M), Colombia (US$6M), Canada (US$3.38M), Dominican Republic (US$1.52M), and Guatemala (US$1.23M).
The main commercial origins of Parts of Furniture, other than Seats, N.E.C in 2023 were India (US$35.8k), China (US$10.6k), Germany (US$4.42k), Estonia (US$331), and Spain (US$130).
In the global context, the main exporting countries of Parts of Furniture, other than Seats, N.E.C in 2022 were China (US$4.78B), Italy (US$2.23B), and Germany (US$1.66B). In the same year, the main importing countries of Parts of Furniture, other than Seats, N.E.C were United States (US$4.63B), Germany (US$1.78B), and United Kingdom (US$1.03B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Parts of Furniture, other than Seats, 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
#permalink to sectionJanuary, 2023: US$4.85M, International Purchases
In January 2023, international sales of Parts of Furniture, other than Seats, N.E.C were US$0, while international purchases reached US$4.85M. The above results in a trade balance of -US$4.85M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$368M, State with the Most International Sales (2022)
United States: US$605M, Main commercial destination (2022)
In 2022, the states with the highest international sales in Parts of Furniture, other than Seats, N.E.C were Baja California (US$368M), Chihuahua (US$81.5M), Tamaulipas (US$37.6M), Nuevo León (US$33.9M), and Jalisco (US$20.4M).
In 2022, the countries with the most international purchases from Mexico were United States (US$605M), Colombia (US$6M), Canada (US$3.38M), Dominican Republic (US$1.52M), and Guatemala (US$1.23M).
International Purchases
#permalink to sectionCiudad de México: US$51.3k, State with the Most International Purchases (2023)
India: US$35.8k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Parts of Furniture, other than Seats, N.E.C were Ciudad de México (US$51.3k).
The countries with the most international sales to Mexico in 2023 were India (US$35.8k), China (US$10.6k), Germany (US$4.42k), Estonia (US$331), and Spain (US$130).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Parts of Furniture, other than Seats, 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 of Furniture, other than Seats, 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 2.96%, Mexican share in global exports - 2022
- 1.52%, Mexican share in global imports - 2022
The visualizations show the global market for Parts of Furniture, other than Seats, 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 of Furniture, other than Seats, N.E.C were China (US$4.78B), Italy (US$2.23B), and Germany (US$1.66B). In the same year, the main importing countries for Parts of Furniture, other than Seats, N.E.C were United States (US$4.63B), Germany (US$1.78B), and United Kingdom (US$1.03B).