Vehicle Bodies of Headings 8701 to 8705, Including Cabs
Código 8707 (Harmonized System 2012 by 4 digits)
2023: US$522M, Total Trade Exchange
2023: US$320M, International Sales
2023: US$202M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Vehicle Bodies of Headings 8701 to 8705, Including Cabs was US$522M.
In 2023, the states with the most international sales in Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Nuevo León (US$271M), Chihuahua (US$9.75M), Puebla (US$9.46M), Baja California (US$4.73M), and Ciudad de México (US$2.59M).
The states with the most international purchases in 2023 were Hidalgo (US$53.3M), Nuevo León (US$34.7M), Jalisco (US$25.5M), Ciudad de México (US$21.4M), and Baja California (US$12.6M).
In 2023, the main commercial destinations of Vehicle Bodies of Headings 8701 to 8705, Including Cabs were United States (US$227M), Canada (US$20.4M), Chile (US$14.3M), Brazil (US$8.46M), and Argentina (US$6.64M).
The main commercial origins of Vehicle Bodies of Headings 8701 to 8705, Including Cabs in 2023 were China (US$80M), United States (US$33.8M), Brazil (US$27.6M), Japan (US$17.9M), and Canada (US$5.84M).
In the global context, the main exporting countries of Vehicle Bodies of Headings 8701 to 8705, Including Cabs in 2022 were Germany (US$1.25B), Sweden (US$976M), and China (US$953M). In the same year, the main importing countries of Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Netherlands (US$1.43B), Kazakhstan (US$1.04B), and United States (US$814M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$522M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Vehicle Bodies of Headings 8701 to 8705, Including Cabs in Mexico (including international purchases and sales) was US$522M.
The visualizations show the net balance of Vehicle Bodies of Headings 8701 to 8705, Including Cabs 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$19.4M, International Purchases
- US$55.2M, International Sales
In July 2024, international sales of Vehicle Bodies of Headings 8701 to 8705, Including Cabs were US$55.2M, while international purchases reached US$19.4M. The above results in a trade balance of US$35.8M.
Market Concentration
#permalink to section2024-Q3: US$50.8M, International Sales
The visualization shows the quarterly concentration of international sales of Vehicle Bodies of Headings 8701 to 8705, Including Cabs at state level.
In the third quarter of 2024, international sales were US$50.8M, being the states with the most sales Nuevo León (US$48.4M), Chihuahua (US$1.83M), and Baja California (US$452k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$271M, State with the Most International Sales (2023)
United States: US$227M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Nuevo León (US$271M), Chihuahua (US$9.75M), Puebla (US$9.46M), Baja California (US$4.73M), and Ciudad de México (US$2.59M).
In 2023, the countries with the most international purchases from Mexico were United States (US$227M), Canada (US$20.4M), Chile (US$14.3M), Brazil (US$8.46M), and Argentina (US$6.64M).
International Purchases
#permalink to sectionHidalgo: US$53.3M, State with the Most International Purchases (2023)
China: US$80M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Hidalgo (US$53.3M), Nuevo León (US$34.7M), Jalisco (US$25.5M), Ciudad de México (US$21.4M), and Baja California (US$12.6M).
The countries with the most international sales to Mexico in 2023 were China (US$80M), United States (US$33.8M), Brazil (US$27.6M), Japan (US$17.9M), and Canada (US$5.84M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Vehicle Bodies of Headings 8701 to 8705, Including Cabs and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Vehicle Bodies of Headings 8701 to 8705, Including Cabs. 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- 2.78%, Mexican share in global exports - 2022
- 0.92%, Mexican share in global imports - 2022
The visualizations show the global market for Vehicle Bodies of Headings 8701 to 8705, Including Cabs. 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 Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Germany (US$1.25B), Sweden (US$976M), and China (US$953M). In the same year, the main importing countries for Vehicle Bodies of Headings 8701 to 8705, Including Cabs were Netherlands (US$1.43B), Kazakhstan (US$1.04B), and United States (US$814M).