Steam Turbines
Código 8406 (Harmonized System 2012 by 4 digits)
2023: US$32.4M, Total Trade Exchange
2023: US$19.1M, International Sales
2023: US$13.2M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Steam Turbines was US$32.4M.
In 2023, the states with the most international sales in Steam Turbines were Nuevo León (US$13.7M), Estado de México (US$794k), Ciudad de México (US$744k), and Michoacán de Ocampo (US$122k).
The states with the most international purchases in 2023 were Ciudad de México (US$5.61M), Veracruz de Ignacio de la Llave (US$3.16M), Nuevo León (US$2.1M), Michoacán de Ocampo (US$907k), and Estado de México (US$806k).
In 2023, the main commercial destinations of Steam Turbines were United States (US$12.7M), Japan (US$1.25M), Poland (US$623k), Colombia (US$319k), and India (US$201k).
The main commercial origins of Steam Turbines in 2023 were United States (US$3.45M), Brazil (US$2.67M), Italy (US$2.31M), Germany (US$1.83M), and Sweden (US$1.14M).
In the global context, the main exporting countries of Steam Turbines in 2022 were Japan (US$700M), Germany (US$519M), and China (US$509M). In the same year, the main importing countries of Steam Turbines were Indonesia (US$283M), Turkey (US$230M), and United States (US$223M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$32.4M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Steam Turbines in Mexico (including international purchases and sales) was US$32.4M.
The visualizations show the net balance of Steam Turbines 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$1.33M, International Purchases
- US$1.96M, International Sales
In November 2024, international sales of Steam Turbines were US$1.96M, while international purchases reached US$1.33M. The above results in a trade balance of US$635k.
Market Concentration
#permalink to section2024-Q4: US$1.1M, International Sales
The visualization shows the quarterly concentration of international sales of Steam Turbines at state level.
In the fourth quarter of 2024, international sales were US$1.1M, being the states with the most sales Nuevo León (US$1.1M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$13.7M, State with the Most International Sales (2023)
United States: US$12.7M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Steam Turbines were Nuevo León (US$13.7M), Estado de México (US$794k), Ciudad de México (US$744k), and Michoacán de Ocampo (US$122k).
In 2023, the countries with the most international purchases from Mexico were United States (US$12.7M), Japan (US$1.25M), Poland (US$623k), Colombia (US$319k), and India (US$201k).
International Purchases
#permalink to sectionCiudad de México: US$5.61M, State with the Most International Purchases (2023)
United States: US$3.45M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Steam Turbines were Ciudad de México (US$5.61M), Veracruz de Ignacio de la Llave (US$3.16M), Nuevo León (US$2.1M), Michoacán de Ocampo (US$907k), and Estado de México (US$806k).
The countries with the most international sales to Mexico in 2023 were United States (US$3.45M), Brazil (US$2.67M), Italy (US$2.31M), Germany (US$1.83M), and Sweden (US$1.14M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Steam Turbines and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Steam Turbines. 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- 0.33%, Mexican share in global exports - 2022
- 1.67%, Mexican share in global imports - 2022
The visualizations show the global market for Steam Turbines. 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 Steam Turbines were Japan (US$700M), Germany (US$519M), and China (US$509M). In the same year, the main importing countries for Steam Turbines were Indonesia (US$283M), Turkey (US$230M), and United States (US$223M).