Tools, Implements, Cutlery, Etc
Code 82 (Harmonized System 2012 by 2 digits)
2023: US$4.25B, Total Trade Exchange
2023: US$1.26B, International Sales
2023: US$2.98B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Tools, Implements, Cutlery, Etc was US$4.25B.
In 2023, the states with the most international sales in Tools, Implements, Cutlery, Etc were Estado de México (US$698M), Sonora (US$169M), Tamaulipas (US$87.6M), Baja California (US$63.4M), and Puebla (US$53.7M).
The states with the most international purchases in 2023 were Estado de México (US$417M), Nuevo León (US$393M), Ciudad de México (US$366M), Querétaro (US$310M), and Guanajuato (US$207M).
In 2023, the main commercial destinations of Tools, Implements, Cutlery, Etc were United States (US$907M), Colombia (US$49M), Peru (US$34.8M), Chile (US$28.9M), and Guatemala (US$27.1M).
The main commercial origins of Tools, Implements, Cutlery, Etc in 2023 were United States (US$874M), China (US$724M), Japan (US$272M), Germany (US$224M), and South Korea (US$216M).
In the global context, the main exporting countries of Tools, Implements, Cutlery, Etc in 2022 were China (US$22.3B), Germany (US$9.43B), and United States (US$4.79B). In the same year, the main importing countries of Tools, Implements, Cutlery, Etc were United States (US$12.4B), Germany (US$6.5B), and Netherlands (US$2.65B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$4.25B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Tools, Implements, Cutlery, Etc in Mexico (including international purchases and sales) was US$4.25B.
The visualizations show the net balance of Tools, Implements, Cutlery, Etc 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$127M, International Sales
- US$246M, International Purchases
In July 2024, international sales of Tools, Implements, Cutlery, Etc were US$127M and a total of US$246M in international purchases. For this month the net trade balance of Tools, Implements, Cutlery, Etc it was of -US$119M.
Market Concentration
#permalink to section2024-Q3: US$127M, International Sales
The visualization shows the quarterly concentration of international sales of Tools, Implements, Cutlery, Etc at state level.
In the third quarter of 2024, international sales were US$127M, being the states with the most sales Estado de México (US$65.8M), Sonora (US$15.9M), and Coahuila de Zaragoza (US$9.92M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$698M, State with the Most International Sales (2023)
United States: US$907M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Tools, Implements, Cutlery, Etc were Estado de México (US$698M), Sonora (US$169M), Tamaulipas (US$87.6M), Baja California (US$63.4M), and Puebla (US$53.7M).
In 2023, the countries with the most international purchases from Mexico were United States (US$907M), Colombia (US$49M), Peru (US$34.8M), Chile (US$28.9M), and Guatemala (US$27.1M).
International Purchases
#permalink to sectionEstado de México: US$417M, State with the Most International Purchases (2023)
United States: US$874M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Tools, Implements, Cutlery, Etc were Estado de México (US$417M), Nuevo León (US$393M), Ciudad de México (US$366M), Querétaro (US$310M), and Guanajuato (US$207M).
The countries with the most international sales to Mexico in 2023 were United States (US$874M), China (US$724M), Japan (US$272M), Germany (US$224M), and South Korea (US$216M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Tools, Implements, Cutlery, Etc and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Tools, Implements, Cutlery, Etc. 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- 1.53%, Mexican share in global exports - 2022
- 3.32%, Mexican share in global imports - 2022
The visualizations show the global market for Tools, Implements, Cutlery, Etc. 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, Implements, Cutlery, Etc were China (US$22.3B), Germany (US$9.43B), and United States (US$4.79B). In the same year, the main importing countries for Tools, Implements, Cutlery, Etc were United States (US$12.4B), Germany (US$6.5B), and Netherlands (US$2.65B).