The other Furnishing Articles, other than those of Heading 94.04
Código 6304 (Harmonized System 2012 by 4 digits)
2023: US$85.9M, Total Trade Exchange
2023: US$53.9M, International Sales
2023: US$32.1M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of The other Furnishing Articles, other than those of Heading 94.04 was US$85.9M.
In 2023, the states with the most international sales in The other Furnishing Articles, other than those of Heading 94.04 were Jalisco (US$17.5M), Baja California (US$9.43M), Chihuahua (US$8.88M), Sonora (US$8.45M), and Tamaulipas (US$3.57M).
The states with the most international purchases in 2023 were Ciudad de México (US$6.22M), Tamaulipas (US$5.92M), Estado de México (US$5.9M), Aguascalientes (US$3.51M), and Guanajuato (US$2.8M).
In 2023, the main commercial destinations of The other Furnishing Articles, other than those of Heading 94.04 were United States (US$51.3M), El Salvador (US$180k), Jamaica (US$157k), Aruba (US$98.2k), and Netherlands (US$48.6k).
The main commercial origins of The other Furnishing Articles, other than those of Heading 94.04 in 2023 were China (US$23.7M), United States (US$1.83M), India (US$1.64M), South Korea (US$1.46M), and Portugal (US$1.05M).
In the global context, the main exporting countries of The other Furnishing Articles, other than those of Heading 94.04 in 2022 were China (US$1.95B), India (US$1.04B), and Turkey (US$210M). In the same year, the main importing countries of The other Furnishing Articles, other than those of Heading 94.04 were United States (US$949M), Germany (US$315M), and France (US$205M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$85.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of The other Furnishing Articles, other than those of Heading 94.04 in Mexico (including international purchases and sales) was US$85.9M.
The visualizations show the net balance of The other Furnishing Articles, other than those of Heading 94.04 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$4.37M, International Purchases
- US$2.16M, International Sales
In July 2024, international sales of The other Furnishing Articles, other than those of Heading 94.04 were US$2.16M, while international purchases reached US$4.37M. The above results in a trade balance of -US$2.21M.
Market Concentration
#permalink to section2024-Q3: US$1.77M, International Sales
The visualization shows the quarterly concentration of international sales of The other Furnishing Articles, other than those of Heading 94.04 at state level.
In the third quarter of 2024, international sales were US$1.77M, being the states with the most sales Sonora (US$716k), Baja California (US$614k), and Tamaulipas (US$299k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionJalisco: US$17.5M, State with the Most International Sales (2023)
United States: US$51.3M, Main commercial destination (2023)
In 2023, the states with the highest international sales in The other Furnishing Articles, other than those of Heading 94.04 were Jalisco (US$17.5M), Baja California (US$9.43M), Chihuahua (US$8.88M), Sonora (US$8.45M), and Tamaulipas (US$3.57M).
In 2023, the countries with the most international purchases from Mexico were United States (US$51.3M), El Salvador (US$180k), Jamaica (US$157k), Aruba (US$98.2k), and Netherlands (US$48.6k).
International Purchases
#permalink to sectionCiudad de México: US$6.22M, State with the Most International Purchases (2023)
China: US$23.7M, Main Commercial Origin (2023)
In 2023, the states with the highest international in The other Furnishing Articles, other than those of Heading 94.04 were Ciudad de México (US$6.22M), Tamaulipas (US$5.92M), Estado de México (US$5.9M), Aguascalientes (US$3.51M), and Guanajuato (US$2.8M).
The countries with the most international sales to Mexico in 2023 were China (US$23.7M), United States (US$1.83M), India (US$1.64M), South Korea (US$1.46M), and Portugal (US$1.05M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in The other Furnishing Articles, other than those of Heading 94.04 and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in The other Furnishing Articles, other than those of Heading 94.04. 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- 1.05%, Mexican share in global exports - 2022
- 0.88%, Mexican share in global imports - 2022
The visualizations show the global market for The other Furnishing Articles, other than those of Heading 94.04. 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 The other Furnishing Articles, other than those of Heading 94.04 were China (US$1.95B), India (US$1.04B), and Turkey (US$210M). In the same year, the main importing countries for The other Furnishing Articles, other than those of Heading 94.04 were United States (US$949M), Germany (US$315M), and France (US$205M).