ProceduresGovernment

Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating)

Código 841919 (Harmonized System 2012 by 6 digits)

 2023: US$508M, Total Trade Exchange

2023: US$495M, International Sales

  2023: US$12.6M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) was US$508M.

In 2023, the states with the most international sales in Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were Tamaulipas (US$413M), Coahuila de Zaragoza (US$22.3M), Jalisco (US$884k), and Ciudad de México (US$304k).

The states with the most international purchases in 2023 were Tamaulipas (US$5.86M), Jalisco (US$1.59M), Ciudad de México (US$1.14M), Estado de México (US$921k), and Guanajuato (US$796k).

In 2023, the main commercial destinations of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were United States (US$434M), Peru (US$661k), Colombia (US$612k), Chile (US$423k), and Egypt (US$201k).

The main commercial origins of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) in 2023 were United States (US$7.96M), China (US$2.94M), Brazil (US$167k), Japan (US$126k), and South Korea (US$99.6k).

In the global context, the main exporting countries of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) in 2022 were Mexico (US$520M), Germany (US$307M), and China (US$246M). In the same year, the main importing countries of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were United States (US$567M), Germany (US$420M), and Canada (US$186M).

Trade Balance of Mexico

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Net Trade Balance

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US$508M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) in Mexico (including international purchases and sales) was US$508M.

The visualizations show the net balance of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) 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$1.13M, International Purchases
  • US$49.6M, International Sales

In July 2024, international sales of Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were US$49.6M, while international purchases reached US$1.13M. The above results in a trade balance of US$48.4M.

Exchange by Territory

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International Sales

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Tamaulipas: US$413M, State with the Most International Sales (2023)

United States: US$434M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were Tamaulipas (US$413M), Coahuila de Zaragoza (US$22.3M), Jalisco (US$884k), and Ciudad de México (US$304k).

In 2023, the countries with the most international purchases from Mexico were United States (US$434M), Peru (US$661k), Colombia (US$612k), Chile (US$423k), and Egypt (US$201k).

International Purchases

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Tamaulipas: US$5.86M, State with the Most International Purchases (2023)

United States: US$7.96M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were Tamaulipas (US$5.86M), Jalisco (US$1.59M), Ciudad de México (US$1.14M), Estado de México (US$921k), and Guanajuato (US$796k).

The countries with the most international sales to Mexico in 2023 were United States (US$7.96M), China (US$2.94M), Brazil (US$167k), Japan (US$126k), and South Korea (US$99.6k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating). 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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  • 19.5%, Mexican share in global exports - 2022
  • 2.3%, Mexican share in global imports - 2022

The visualizations show the global market for Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating). 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 Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were Mexico (US$520M), Germany (US$307M), and China (US$246M). In the same year, the main importing countries for Warm Water Heaters Instantaneous or Storage, Non-Electric (Exc. Instant Heating Gas, and Boilers for Central Heating) were United States (US$567M), Germany (US$420M), and Canada (US$186M).