ProceduresGovernment

Tools for Turning, Interchangeable

Código 820780 (Harmonized System 2012 by 6 digits)

 2023: US$20.1M, Total Trade Exchange

2023: US$3.3M, International Sales

  2023: US$16.8M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Tools for Turning, Interchangeable was US$20.1M.

In 2023, the states with the most international sales in Tools for Turning, Interchangeable were Baja California (US$2.24M), Querétaro (US$829k), Sonora (US$81.6k), Estado de México (US$42.8k), and Jalisco (US$28.9k).

The states with the most international purchases in 2023 were Nuevo León (US$3.47M), Veracruz de Ignacio de la Llave (US$2.16M), Guanajuato (US$2.04M), Sonora (US$1.98M), and Querétaro (US$1.61M).

In 2023, the main commercial destinations of Tools for Turning, Interchangeable were United States (US$2.39M), Austria (US$708k), Italy (US$68.4k), El Salvador (US$24.2k), and Peru (US$12.9k).

The main commercial origins of Tools for Turning, Interchangeable in 2023 were United States (US$7.08M), Germany (US$2.77M), China (US$1.69M), Japan (US$1.19M), and Israel (US$685k).

In the global context, the main exporting countries of Tools for Turning, Interchangeable in 2022 were Japan (US$131M), Germany (US$73.7M), and China (US$65.2M). In the same year, the main importing countries of Tools for Turning, Interchangeable were China (US$60M), Germany (US$57.7M), and Singapore (US$48.5M).

Trade Balance of Mexico

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Net Trade Balance

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US$20.1M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Tools for Turning, Interchangeable in Mexico (including international purchases and sales) was US$20.1M.

The visualizations show the net balance of Tools for Turning, Interchangeable 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

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July, 2024

  • US$1.24M, International Purchases
  • US$279k, International Sales

In July 2024, international sales of Tools for Turning, Interchangeable were US$279k, while international purchases reached US$1.24M. The above results in a trade balance of -US$964k.

Market Concentration

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2024-Q3: US$177k, International Sales

The visualization shows the quarterly concentration of international sales of Tools for Turning, Interchangeable at state level.

In the third quarter of 2024, international sales were US$177k, being the states with the most sales Baja California (US$177k).

Exchange by Territory

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International Sales

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Baja California: US$2.24M, State with the Most International Sales (2023)

United States: US$2.39M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Tools for Turning, Interchangeable were Baja California (US$2.24M), Querétaro (US$829k), Sonora (US$81.6k), Estado de México (US$42.8k), and Jalisco (US$28.9k).

In 2023, the countries with the most international purchases from Mexico were United States (US$2.39M), Austria (US$708k), Italy (US$68.4k), El Salvador (US$24.2k), and Peru (US$12.9k).

International Purchases

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Nuevo León: US$3.47M, State with the Most International Purchases (2023)

United States: US$7.08M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Tools for Turning, Interchangeable were Nuevo León (US$3.47M), Veracruz de Ignacio de la Llave (US$2.16M), Guanajuato (US$2.04M), Sonora (US$1.98M), and Querétaro (US$1.61M).

The countries with the most international sales to Mexico in 2023 were United States (US$7.08M), Germany (US$2.77M), China (US$1.69M), Japan (US$1.19M), and Israel (US$685k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Tools for Turning, Interchangeable  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Tools for Turning, Interchangeable. 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

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  • 0.69%, Mexican share in global exports - 2022
  • 2.93%, Mexican share in global imports - 2022

The visualizations show the global market for Tools for Turning, Interchangeable. 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 for Turning, Interchangeable were Japan (US$131M), Germany (US$73.7M), and China (US$65.2M). In the same year, the main importing countries for Tools for Turning, Interchangeable were China (US$60M), Germany (US$57.7M), and Singapore (US$48.5M).