Road Wheels and Parts and Accessories Thereof
Código 870870 (Harmonized System 2012 by 6 digits)
2023: US$2.99B, Total Trade Exchange
2023: US$1.78B, International Sales
2023: US$1.21B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Road Wheels and Parts and Accessories Thereof was US$2.99B.
In 2023, the states with the most international sales in Road Wheels and Parts and Accessories Thereof were Chihuahua (US$732M), Baja California (US$555M), Querétaro (US$133M), Nuevo León (US$122M), and San Luis Potosí (US$88.8M).
The states with the most international purchases in 2023 were Ciudad de México (US$358M), Baja California (US$252M), Nuevo León (US$218M), Puebla (US$115M), and Chihuahua (US$53.7M).
In 2023, the main commercial destinations of Road Wheels and Parts and Accessories Thereof were United States (US$1.6B), Canada (US$28.8M), Brazil (US$17.6M), Germany (US$3.58M), and Argentina (US$3.34M).
The main commercial origins of Road Wheels and Parts and Accessories Thereof in 2023 were China (US$593M), United States (US$476M), British Virgin Islands (US$29.9M), Hungary (US$18.3M), and Netherlands (US$12.6M).
In the global context, the main exporting countries of Road Wheels and Parts and Accessories Thereof in 2022 were China (US$6.53B), Germany (US$2.27B), and Mexico (US$1.79B). In the same year, the main importing countries of Road Wheels and Parts and Accessories Thereof were United States (US$5.41B), Germany (US$2.37B), and Japan (US$1.46B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.99B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Road Wheels and Parts and Accessories Thereof in Mexico (including international purchases and sales) was US$2.99B.
The visualizations show the net balance of Road Wheels and Parts and Accessories Thereof 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$96.1M, International Purchases
- US$118M, International Sales
In November 2024, international sales of Road Wheels and Parts and Accessories Thereof were US$118M, while international purchases reached US$96.1M. The above results in a trade balance of US$21.8M.
Market Concentration
#permalink to section2024-Q4: US$253M, International Sales
The visualization shows the quarterly concentration of international sales of Road Wheels and Parts and Accessories Thereof at state level.
In the fourth quarter of 2024, international sales were US$253M, being the states with the most sales Chihuahua (US$117M), Baja California (US$71.6M), and Querétaro (US$24.3M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$732M, State with the Most International Sales (2023)
United States: US$1.6B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Road Wheels and Parts and Accessories Thereof were Chihuahua (US$732M), Baja California (US$555M), Querétaro (US$133M), Nuevo León (US$122M), and San Luis Potosí (US$88.8M).
In 2023, the countries with the most international purchases from Mexico were United States (US$1.6B), Canada (US$28.8M), Brazil (US$17.6M), Germany (US$3.58M), and Argentina (US$3.34M).
International Purchases
#permalink to sectionCiudad de México: US$358M, State with the Most International Purchases (2023)
China: US$593M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Road Wheels and Parts and Accessories Thereof were Ciudad de México (US$358M), Baja California (US$252M), Nuevo León (US$218M), Puebla (US$115M), and Chihuahua (US$53.7M).
The countries with the most international sales to Mexico in 2023 were China (US$593M), United States (US$476M), British Virgin Islands (US$29.9M), Hungary (US$18.3M), and Netherlands (US$12.6M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Road Wheels and Parts and Accessories Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Road Wheels and Parts and Accessories Thereof. 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- 8.22%, Mexican share in global exports - 2022
- 5.02%, Mexican share in global imports - 2022
The visualizations show the global market for Road Wheels and Parts and Accessories Thereof. 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 Road Wheels and Parts and Accessories Thereof were China (US$6.53B), Germany (US$2.27B), and Mexico (US$1.79B). In the same year, the main importing countries for Road Wheels and Parts and Accessories Thereof were United States (US$5.41B), Germany (US$2.37B), and Japan (US$1.46B).