Spades and Shovels, with Working Parts of Base Metal
Código 820110 (Harmonized System 2012 by 6 digits)
2023: US$36.6M, Total Trade Exchange
2023: US$36M, International Sales
2023: US$674k, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Spades and Shovels, with Working Parts of Base Metal was US$36.6M.
In 2023, the states with the most international sales in Spades and Shovels, with Working Parts of Base Metal were Estado de México (US$35.5M), Jalisco (US$186k), Veracruz de Ignacio de la Llave (US$150k), Nuevo León (US$60.5k), and Baja California (US$25.3k).
The states with the most international purchases in 2023 were Ciudad de México (US$271k), Estado de México (US$139k), Nuevo León (US$112k), Guanajuato (US$28k), and Baja California (US$18.2k).
In 2023, the main commercial destinations of Spades and Shovels, with Working Parts of Base Metal were United States (US$26.8M), Peru (US$2.13M), Honduras (US$907k), Guatemala (US$883k), and Dominican Republic (US$829k).
The main commercial origins of Spades and Shovels, with Working Parts of Base Metal in 2023 were China (US$383k), United States (US$112k), Brazil (US$50.4k), India (US$46.8k), and South Korea (US$7.27k).
In the global context, the main exporting countries of Spades and Shovels, with Working Parts of Base Metal in 2022 were China (US$415M), Mexico (US$42.5M), and Brazil (US$20.2M). In the same year, the main importing countries of Spades and Shovels, with Working Parts of Base Metal were United States (US$127M), Germany (US$30.9M), and Netherlands (US$23.8M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$36.6M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Spades and Shovels, with Working Parts of Base Metal in Mexico (including international purchases and sales) was US$36.6M.
The visualizations show the net balance of Spades and Shovels, with Working Parts of Base Metal 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 sectionJuly, 2024
- US$68k, International Purchases
- US$3.39M, International Sales
In July 2024, international sales of Spades and Shovels, with Working Parts of Base Metal were US$3.39M, while international purchases reached US$68k. The above results in a trade balance of US$3.33M.
Market Concentration
#permalink to section2024-Q3: US$1.98k, International Sales
The visualization shows the quarterly concentration of international sales of Spades and Shovels, with Working Parts of Base Metal at state level.
In the third quarter of 2024, international sales were US$1.98k, being the states with the most sales Baja California (US$1.98k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$35.5M, State with the Most International Sales (2023)
United States: US$26.8M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Spades and Shovels, with Working Parts of Base Metal were Estado de México (US$35.5M), Jalisco (US$186k), Veracruz de Ignacio de la Llave (US$150k), Nuevo León (US$60.5k), and Baja California (US$25.3k).
In 2023, the countries with the most international purchases from Mexico were United States (US$26.8M), Peru (US$2.13M), Honduras (US$907k), Guatemala (US$883k), and Dominican Republic (US$829k).
International Purchases
#permalink to sectionCiudad de México: US$271k, State with the Most International Purchases (2023)
China: US$383k, Main Commercial Origin (2023)
In 2023, the states with the highest international in Spades and Shovels, with Working Parts of Base Metal were Ciudad de México (US$271k), Estado de México (US$139k), Nuevo León (US$112k), Guanajuato (US$28k), and Baja California (US$18.2k).
The countries with the most international sales to Mexico in 2023 were China (US$383k), United States (US$112k), Brazil (US$50.4k), India (US$46.8k), and South Korea (US$7.27k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Spades and Shovels, with Working Parts of Base Metal and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Spades and Shovels, with Working Parts of Base Metal. 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- 6.95%, Mexican share in global exports - 2022
- 0.39%, Mexican share in global imports - 2022
The visualizations show the global market for Spades and Shovels, with Working Parts of Base Metal. 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 Spades and Shovels, with Working Parts of Base Metal were China (US$415M), Mexico (US$42.5M), and Brazil (US$20.2M). In the same year, the main importing countries for Spades and Shovels, with Working Parts of Base Metal were United States (US$127M), Germany (US$30.9M), and Netherlands (US$23.8M).