Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills)
Código 846729 (Harmonized System 2012 by 6 digits)
2023: US$1.09B, Total Trade Exchange
2023: US$883M, International Sales
2023: US$209M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) was US$1.09B.
In 2023, the states with the most international sales in Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were Tamaulipas (US$311M), Nuevo León (US$234M), Ciudad de México (US$166M), Baja California (US$89.4M), and Sonora (US$68.8M).
The states with the most international purchases in 2023 were Estado de México (US$100M), Ciudad de México (US$59.8M), Nuevo León (US$14M), Chihuahua (US$6.96M), and Jalisco (US$4.99M).
In 2023, the main commercial destinations of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were United States (US$792M), Canada (US$45.9M), Belgium (US$11.7M), Netherlands (US$9.98M), and Australia (US$4.2M).
The main commercial origins of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) in 2023 were China (US$97.5M), United States (US$24.8M), Sweden (US$19.7M), Vietnam (US$16.5M), and Japan (US$8.25M).
In the global context, the main exporting countries of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) in 2022 were China (US$7.01B), Germany (US$1.5B), and Vietnam (US$1.25B). In the same year, the main importing countries of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were United States (US$4.41B), Germany (US$1.57B), and France (US$765M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.09B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) in Mexico (including international purchases and sales) was US$1.09B.
The visualizations show the net balance of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) 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 sectionNovember, 2024
- US$20.3M, International Purchases
- US$107M, International Sales
In November 2024, international sales of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were US$107M, while international purchases reached US$20.3M. The above results in a trade balance of US$86.4M.
Market Concentration
#permalink to section2024-Q4: US$236M, International Sales
The visualization shows the quarterly concentration of international sales of Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) at state level.
In the fourth quarter of 2024, international sales were US$236M, being the states with the most sales Tamaulipas (US$96.2M), Ciudad de México (US$54.8M), and Nuevo León (US$53.3M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionTamaulipas: US$311M, State with the Most International Sales (2023)
United States: US$792M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were Tamaulipas (US$311M), Nuevo León (US$234M), Ciudad de México (US$166M), Baja California (US$89.4M), and Sonora (US$68.8M).
In 2023, the countries with the most international purchases from Mexico were United States (US$792M), Canada (US$45.9M), Belgium (US$11.7M), Netherlands (US$9.98M), and Australia (US$4.2M).
International Purchases
#permalink to sectionEstado de México: US$100M, State with the Most International Purchases (2023)
China: US$97.5M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were Estado de México (US$100M), Ciudad de México (US$59.8M), Nuevo León (US$14M), Chihuahua (US$6.96M), and Jalisco (US$4.99M).
The countries with the most international sales to Mexico in 2023 were China (US$97.5M), United States (US$24.8M), Sweden (US$19.7M), Vietnam (US$16.5M), and Japan (US$8.25M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills). 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- 6.61%, Mexican share in global exports - 2022
- 1.22%, Mexican share in global imports - 2022
The visualizations show the global market for Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills). 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 with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were China (US$7.01B), Germany (US$1.5B), and Vietnam (US$1.25B). In the same year, the main importing countries for Tools with Built-In Electric Motor, Manual Use (Exc. Drills, Incl. Rotary Drills) were United States (US$4.41B), Germany (US$1.57B), and France (US$765M).