Steering Wheels, Steering Columns and Steering Boxes
Código 870894 (Harmonized System 2012 by 6 digits)
2023: US$5.54B, Total Trade Exchange
2023: US$3.39B, International Sales
2023: US$2.16B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Steering Wheels, Steering Columns and Steering Boxes was US$5.54B.
In 2023, the states with the most international sales in Steering Wheels, Steering Columns and Steering Boxes were Tamaulipas (US$761M), Querétaro (US$702M), Puebla (US$468M), Coahuila de Zaragoza (US$369M), and Guanajuato (US$267M).
The states with the most international purchases in 2023 were Ciudad de México (US$620M), Querétaro (US$293M), Puebla (US$229M), Estado de México (US$188M), and Tamaulipas (US$160M).
In 2023, the main commercial destinations of Steering Wheels, Steering Columns and Steering Boxes were United States (US$3.04B), Canada (US$140M), Brazil (US$58.1M), South Korea (US$40.4M), and Uzbekistan (US$28.7M).
The main commercial origins of Steering Wheels, Steering Columns and Steering Boxes in 2023 were United States (US$1.05B), China (US$299M), Germany (US$206M), South Korea (US$167M), and Japan (US$68M).
In the global context, the main exporting countries of Steering Wheels, Steering Columns and Steering Boxes in 2022 were Mexico (US$2.94B), Germany (US$2.71B), and China (US$2.41B). In the same year, the main importing countries of Steering Wheels, Steering Columns and Steering Boxes were United States (US$4.57B), Germany (US$1.98B), and Mexico (US$1.94B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$5.54B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Steering Wheels, Steering Columns and Steering Boxes in Mexico (including international purchases and sales) was US$5.54B.
The visualizations show the net balance of Steering Wheels, Steering Columns and Steering Boxes 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$185M, International Purchases
- US$281M, International Sales
In July 2024, international sales of Steering Wheels, Steering Columns and Steering Boxes were US$281M, while international purchases reached US$185M. The above results in a trade balance of US$96.1M.
Market Concentration
#permalink to section2024-Q3: US$280M, International Sales
The visualization shows the quarterly concentration of international sales of Steering Wheels, Steering Columns and Steering Boxes at state level.
In the third quarter of 2024, international sales were US$280M, being the states with the most sales Querétaro (US$54M), Tamaulipas (US$53.7M), and Coahuila de Zaragoza (US$30.7M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionTamaulipas: US$761M, State with the Most International Sales (2023)
United States: US$3.04B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Steering Wheels, Steering Columns and Steering Boxes were Tamaulipas (US$761M), Querétaro (US$702M), Puebla (US$468M), Coahuila de Zaragoza (US$369M), and Guanajuato (US$267M).
In 2023, the countries with the most international purchases from Mexico were United States (US$3.04B), Canada (US$140M), Brazil (US$58.1M), South Korea (US$40.4M), and Uzbekistan (US$28.7M).
International Purchases
#permalink to sectionCiudad de México: US$620M, State with the Most International Purchases (2023)
United States: US$1.05B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Steering Wheels, Steering Columns and Steering Boxes were Ciudad de México (US$620M), Querétaro (US$293M), Puebla (US$229M), Estado de México (US$188M), and Tamaulipas (US$160M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.05B), China (US$299M), Germany (US$206M), South Korea (US$167M), and Japan (US$68M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Steering Wheels, Steering Columns and Steering Boxes and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Steering Wheels, Steering Columns and Steering Boxes. 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- 14%, Mexican share in global exports - 2022
- 9.22%, Mexican share in global imports - 2022
The visualizations show the global market for Steering Wheels, Steering Columns and Steering Boxes. 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 Steering Wheels, Steering Columns and Steering Boxes were Mexico (US$2.94B), Germany (US$2.71B), and China (US$2.41B). In the same year, the main importing countries for Steering Wheels, Steering Columns and Steering Boxes were United States (US$4.57B), Germany (US$1.98B), and Mexico (US$1.94B).