ProceduresGovernment

Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background)

Código 910121 (Harmonized System 2012 by 6 digits)

 2023: US$85.7M, Total Trade Exchange

2023: US$2.98M, International Sales

  2023: US$82.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) was US$85.7M.

In 2023, the states with the most international sales in Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Ciudad de México (US$1.98M).

The states with the most international purchases in 2023 were Ciudad de México (US$74.3M), Estado de México (US$2.79M), and Jalisco (US$158k).

In 2023, the main commercial destinations of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Switzerland (US$1.24M), Singapore (US$260k), Hong Kong (US$211k), Spain (US$135k), and Ireland (US$91.2k).

The main commercial origins of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) in 2023 were Switzerland (US$77.1M), United Kingdom (US$109k), Japan (US$47.5k), France (US$22.7k), and Germany (US$21.5k).

In the global context, the main exporting countries of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) in 2022 were Switzerland (US$7.37B), Singapore (US$519M), and Hong Kong (US$404M). In the same year, the main importing countries of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Hong Kong (US$1.98B), United States (US$1.4B), and Singapore (US$755M).

Trade Balance of Mexico

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Net Trade Balance

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US$85.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) in Mexico (including international purchases and sales) was US$85.7M.

The visualizations show the net balance of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) 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$8.63M, International Purchases
  • US$270k, International Sales

In July 2024, international sales of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were US$270k, while international purchases reached US$8.63M. The above results in a trade balance of -US$8.36M.

Market Concentration

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2024-Q3: US$270k, International Sales

The visualization shows the quarterly concentration of international sales of Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) at state level.

In the third quarter of 2024, international sales were US$270k, being the states with the most sales Ciudad de México (US$270k).

Exchange by Territory

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International Sales

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Ciudad de México: US$1.98M, State with the Most International Sales (2023)

Switzerland: US$1.24M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Ciudad de México (US$1.98M).

In 2023, the countries with the most international purchases from Mexico were Switzerland (US$1.24M), Singapore (US$260k), Hong Kong (US$211k), Spain (US$135k), and Ireland (US$91.2k).

International Purchases

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Ciudad de México: US$74.3M, State with the Most International Purchases (2023)

Switzerland: US$77.1M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Ciudad de México (US$74.3M), Estado de México (US$2.79M), and Jalisco (US$158k).

The countries with the most international sales to Mexico in 2023 were Switzerland (US$77.1M), United Kingdom (US$109k), Japan (US$47.5k), France (US$22.7k), and Germany (US$21.5k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background). 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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  • 0.068%, Mexican share in global exports - 2022
  • 0.55%, Mexican share in global imports - 2022

The visualizations show the global market for Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background). 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 Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Switzerland (US$7.37B), Singapore (US$519M), and Hong Kong (US$404M). In the same year, the main importing countries for Watches of Precious Metal or Clad with Precious Metal "Plaqué" Automatic (Exc. with Steel Background) were Hong Kong (US$1.98B), United States (US$1.4B), and Singapore (US$755M).