Tools for Turning, Interchangeable
Código 820780 (Harmonized System 2012 by 6 digits)
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja 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
#permalink to sectionNuevo 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
#permalink to sectionSpecialization by State
#permalink to sectionThe 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 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).