Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles
Código 850511 (Harmonized System 2012 by 6 digits)
2023: US$326M, Total Trade Exchange
2023: US$16.7M, International Sales
2023: US$309M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles was US$326M.
In 2023, the states with the most international sales in Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were Baja California (US$8.87M), Sonora (US$1.6M), Estado de México (US$1.49M), Chihuahua (US$1.21M), and Tamaulipas (US$1.07M).
The states with the most international purchases in 2023 were Chihuahua (US$91.4M), Baja California (US$35M), Tamaulipas (US$26.9M), Querétaro (US$25.5M), and Nuevo León (US$25M).
In 2023, the main commercial destinations of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were United States (US$14.7M), Poland (US$1.18M), China (US$239k), Italy (US$55.1k), and Peru (US$51.5k).
The main commercial origins of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles in 2023 were China (US$248M), United States (US$25.1M), Thailand (US$8.36M), Germany (US$5.84M), and South Korea (US$5.61M).
In the global context, the main exporting countries of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles in 2022 were China (US$4.33B), Japan (US$631M), and Philippines (US$603M). In the same year, the main importing countries of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were Germany (US$899M), Japan (US$844M), and United States (US$677M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$326M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles in Mexico (including international purchases and sales) was US$326M.
The visualizations show the net balance of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles 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$27.5M, International Purchases
- US$1.17M, International Sales
In November 2024, international sales of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were US$1.17M, while international purchases reached US$27.5M. The above results in a trade balance of -US$26.3M.
Market Concentration
#permalink to section2024-Q4: US$1.8M, International Sales
The visualization shows the quarterly concentration of international sales of Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles at state level.
In the fourth quarter of 2024, international sales were US$1.8M, being the states with the most sales Sonora (US$541k), Baja California (US$460k), and Nuevo León (US$285k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$8.87M, State with the Most International Sales (2023)
United States: US$14.7M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were Baja California (US$8.87M), Sonora (US$1.6M), Estado de México (US$1.49M), Chihuahua (US$1.21M), and Tamaulipas (US$1.07M).
In 2023, the countries with the most international purchases from Mexico were United States (US$14.7M), Poland (US$1.18M), China (US$239k), Italy (US$55.1k), and Peru (US$51.5k).
International Purchases
#permalink to sectionChihuahua: US$91.4M, State with the Most International Purchases (2023)
China: US$248M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were Chihuahua (US$91.4M), Baja California (US$35M), Tamaulipas (US$26.9M), Querétaro (US$25.5M), and Nuevo León (US$25M).
The countries with the most international sales to Mexico in 2023 were China (US$248M), United States (US$25.1M), Thailand (US$8.36M), Germany (US$5.84M), and South Korea (US$5.61M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles. 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- 0.17%, Mexican share in global exports - 2022
- 4.34%, Mexican share in global imports - 2022
The visualizations show the global market for Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles. 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 Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were China (US$4.33B), Japan (US$631M), and Philippines (US$603M). In the same year, the main importing countries for Permanent Magnets and Intended to become Permanent Magnets, of Metal Articles were Germany (US$899M), Japan (US$844M), and United States (US$677M).