ProceduresGovernment

Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood

Código 4417 (Harmonized System 2012 by 4 digits)

 2023: US$12.5M, Total Trade Exchange

2023: US$5.35M, International Sales

  2023: US$7.15M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood was US$12.5M.

In 2023, the states with the most international sales in Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were Estado de México (US$3.66M), Nuevo León (US$1.34M), Guanajuato (US$44.4k), Jalisco (US$21.6k), and Ciudad de México (US$17k).

The states with the most international purchases in 2023 were Estado de México (US$3.56M), Nuevo León (US$1.46M), Jalisco (US$589k), Puebla (US$459k), and Veracruz de Ignacio de la Llave (US$279k).

In 2023, the main commercial destinations of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were United States (US$4.7M), Dominican Republic (US$85.5k), Costa Rica (US$59.2k), Guatemala (US$41.7k), and Panama (US$35.9k).

The main commercial origins of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood in 2023 were United States (US$4.58M), China (US$1.09M), Sri Lanka (US$260k), Vietnam (US$216k), and Argentina (US$205k).

In the global context, the main exporting countries of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood in 2022 were China (US$136M), Italy (US$37.1M), and Brazil (US$31.7M). In the same year, the main importing countries of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were United States (US$57.9M), Germany (US$49.9M), and France (US$30.5M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$12.5M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood in Mexico (including international purchases and sales) was US$12.5M.

The visualizations show the net balance of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood 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 section

July, 2024

  • US$508k, International Purchases
  • US$395k, International Sales

In July 2024, international sales of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were US$395k, while international purchases reached US$508k. The above results in a trade balance of -US$113k.

Market Concentration

#permalink to section

2024-Q3: US$51.8k, International Sales

The visualization shows the quarterly concentration of international sales of Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood at state level.

In the third quarter of 2024, international sales were US$51.8k, being the states with the most sales Nuevo León (US$51.8k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Estado de México: US$3.66M, State with the Most International Sales (2023)

United States: US$4.7M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were Estado de México (US$3.66M), Nuevo León (US$1.34M), Guanajuato (US$44.4k), Jalisco (US$21.6k), and Ciudad de México (US$17k).

In 2023, the countries with the most international purchases from Mexico were United States (US$4.7M), Dominican Republic (US$85.5k), Costa Rica (US$59.2k), Guatemala (US$41.7k), and Panama (US$35.9k).

International Purchases

#permalink to section

Estado de México: US$3.56M, State with the Most International Purchases (2023)

United States: US$4.58M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were Estado de México (US$3.56M), Nuevo León (US$1.46M), Jalisco (US$589k), Puebla (US$459k), and Veracruz de Ignacio de la Llave (US$279k).

The countries with the most international sales to Mexico in 2023 were United States (US$4.58M), China (US$1.09M), Sri Lanka (US$260k), Vietnam (US$216k), and Argentina (US$205k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood. 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.

Origins and Trade Destinations

#permalink to section

  • 1.03%, Mexican share in global exports - 2022
  • 4.97%, Mexican share in global imports - 2022

The visualizations show the global market for Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood. 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 Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were China (US$136M), Italy (US$37.1M), and Brazil (US$31.7M). In the same year, the main importing countries for Tools and Tool Handles Saddles, Saddles and Handles or Brush Brooms, Wood; Hormas, Stretchers and Tensioners for Footwear, Wood were United States (US$57.9M), Germany (US$49.9M), and France (US$30.5M).