Thermostats Regulating or Control
Código 903210 (Harmonized System 2012 by 6 digits)
2023: US$771M, Total Trade Exchange
2023: US$577M, International Sales
2023: US$194M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Thermostats Regulating or Control was US$771M.
In 2023, the states with the most international sales in Thermostats Regulating or Control were Chihuahua (US$236M), Baja California (US$101M), Tamaulipas (US$99.2M), Jalisco (US$83.2M), and Nuevo León (US$32.2M).
The states with the most international purchases in 2023 were Tamaulipas (US$68.1M), Querétaro (US$24.4M), Puebla (US$21.1M), Chihuahua (US$17.5M), and Nuevo León (US$15.4M).
In 2023, the main commercial destinations of Thermostats Regulating or Control were United States (US$565M), Argentina (US$1.72M), Colombia (US$896k), Canada (US$890k), and China (US$765k).
The main commercial origins of Thermostats Regulating or Control in 2023 were United States (US$102M), China (US$25.8M), Czech Republic (US$13.3M), Germany (US$10.9M), and Spain (US$8.98M).
In the global context, the main exporting countries of Thermostats Regulating or Control in 2022 were China (US$1.08B), Germany (US$616M), and Mexico (US$605M). In the same year, the main importing countries of Thermostats Regulating or Control were United States (US$1.22B), Germany (US$510M), and China (US$264M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$771M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Thermostats Regulating or Control in Mexico (including international purchases and sales) was US$771M.
The visualizations show the net balance of Thermostats Regulating or Control 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$18.4M, International Purchases
- US$53.7M, International Sales
In July 2024, international sales of Thermostats Regulating or Control were US$53.7M, while international purchases reached US$18.4M. The above results in a trade balance of US$35.3M.
Market Concentration
#permalink to section2024-Q3: US$53.4M, International Sales
The visualization shows the quarterly concentration of international sales of Thermostats Regulating or Control at state level.
In the third quarter of 2024, international sales were US$53.4M, being the states with the most sales Chihuahua (US$23.8M), Tamaulipas (US$9.22M), and Baja California (US$9.06M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$236M, State with the Most International Sales (2023)
United States: US$565M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Thermostats Regulating or Control were Chihuahua (US$236M), Baja California (US$101M), Tamaulipas (US$99.2M), Jalisco (US$83.2M), and Nuevo León (US$32.2M).
In 2023, the countries with the most international purchases from Mexico were United States (US$565M), Argentina (US$1.72M), Colombia (US$896k), Canada (US$890k), and China (US$765k).
International Purchases
#permalink to sectionTamaulipas: US$68.1M, State with the Most International Purchases (2023)
United States: US$102M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Thermostats Regulating or Control were Tamaulipas (US$68.1M), Querétaro (US$24.4M), Puebla (US$21.1M), Chihuahua (US$17.5M), and Nuevo León (US$15.4M).
The countries with the most international sales to Mexico in 2023 were United States (US$102M), China (US$25.8M), Czech Republic (US$13.3M), Germany (US$10.9M), and Spain (US$8.98M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Thermostats Regulating or Control and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Thermostats Regulating or Control. 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- 11.9%, Mexican share in global exports - 2022
- 3.75%, Mexican share in global imports - 2022
The visualizations show the global market for Thermostats Regulating or Control. 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 Thermostats Regulating or Control were China (US$1.08B), Germany (US$616M), and Mexico (US$605M). In the same year, the main importing countries for Thermostats Regulating or Control were United States (US$1.22B), Germany (US$510M), and China (US$264M).