Suspension Shock Absorber for Automobile Vehicles
Código 870880 (Harmonized System 2012 by 6 digits)
2023: US$4.54B, Total Trade Exchange
2023: US$2.47B, International Sales
2023: US$2.07B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Suspension Shock Absorber for Automobile Vehicles was US$4.54B.
In 2023, the states with the most international sales in Suspension Shock Absorber for Automobile Vehicles were Jalisco (US$442M), San Luis Potosí (US$427M), Guanajuato (US$296M), Coahuila de Zaragoza (US$261M), and Chihuahua (US$260M).
The states with the most international purchases in 2023 were Ciudad de México (US$484M), Nuevo León (US$246M), Estado de México (US$230M), Chihuahua (US$178M), and Guanajuato (US$176M).
In 2023, the main commercial destinations of Suspension Shock Absorber for Automobile Vehicles were United States (US$2.18B), China (US$78M), Canada (US$58.4M), South Korea (US$26.2M), and Brazil (US$21M).
The main commercial origins of Suspension Shock Absorber for Automobile Vehicles in 2023 were United States (US$851M), China (US$452M), Canada (US$119M), South Korea (US$113M), and Germany (US$101M).
In the global context, the main exporting countries of Suspension Shock Absorber for Automobile Vehicles in 2022 were China (US$4.33B), Germany (US$3.47B), and Mexico (US$2.4B). In the same year, the main importing countries of Suspension Shock Absorber for Automobile Vehicles were United States (US$5.64B), Germany (US$2.35B), and Mexico (US$1.86B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.54B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Suspension Shock Absorber for Automobile Vehicles in Mexico (including international purchases and sales) was US$4.54B.
The visualizations show the net balance of Suspension Shock Absorber for Automobile Vehicles 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$195M, International Purchases
- US$205M, International Sales
In July 2024, international sales of Suspension Shock Absorber for Automobile Vehicles were US$205M, while international purchases reached US$195M. The above results in a trade balance of US$9.66M.
Market Concentration
#permalink to section2024-Q3: US$205M, International Sales
The visualization shows the quarterly concentration of international sales of Suspension Shock Absorber for Automobile Vehicles at state level.
In the third quarter of 2024, international sales were US$205M, being the states with the most sales San Luis Potosí (US$42.4M), Jalisco (US$33.9M), and Estado de México (US$26.7M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionJalisco: US$442M, State with the Most International Sales (2023)
United States: US$2.18B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Suspension Shock Absorber for Automobile Vehicles were Jalisco (US$442M), San Luis Potosí (US$427M), Guanajuato (US$296M), Coahuila de Zaragoza (US$261M), and Chihuahua (US$260M).
In 2023, the countries with the most international purchases from Mexico were United States (US$2.18B), China (US$78M), Canada (US$58.4M), South Korea (US$26.2M), and Brazil (US$21M).
International Purchases
#permalink to sectionCiudad de México: US$484M, State with the Most International Purchases (2023)
United States: US$851M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Suspension Shock Absorber for Automobile Vehicles were Ciudad de México (US$484M), Nuevo León (US$246M), Estado de México (US$230M), Chihuahua (US$178M), and Guanajuato (US$176M).
The countries with the most international sales to Mexico in 2023 were United States (US$851M), China (US$452M), Canada (US$119M), South Korea (US$113M), and Germany (US$101M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Suspension Shock Absorber for Automobile Vehicles and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Suspension Shock Absorber for Automobile Vehicles. 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- 10.2%, Mexican share in global exports - 2022
- 7.88%, Mexican share in global imports - 2022
The visualizations show the global market for Suspension Shock Absorber for Automobile Vehicles. 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 Suspension Shock Absorber for Automobile Vehicles were China (US$4.33B), Germany (US$3.47B), and Mexico (US$2.4B). In the same year, the main importing countries for Suspension Shock Absorber for Automobile Vehicles were United States (US$5.64B), Germany (US$2.35B), and Mexico (US$1.86B).