ProceduresGovernment

Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C

Código 842390 (Harmonized System 2012 by 6 digits)

 2023: US$27M, Total Trade Exchange

2023: US$3.52M, International Sales

  2023: US$23.5M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C was US$27M.

In 2023, the states with the most international sales in Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were Chihuahua (US$1.47M), Jalisco (US$1.11M), Baja California (US$188k), Querétaro (US$156k), and Sonora (US$132k).

The states with the most international purchases in 2023 were Jalisco (US$5.46M), Ciudad de México (US$5.17M), Nuevo León (US$3.6M), Chihuahua (US$3.43M), and Baja California (US$1.57M).

In 2023, the main commercial destinations of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were United States (US$2.82M), Sri Lanka (US$249k), Colombia (US$39.6k), Venezuela (US$32k), and El Salvador (US$28.8k).

The main commercial origins of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C in 2023 were United States (US$7.46M), China (US$6.04M), Sri Lanka (US$3.08M), Japan (US$2.38M), and Germany (US$1.39M).

In the global context, the main exporting countries of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C in 2022 were China (US$283M), Germany (US$132M), and Japan (US$68M). In the same year, the main importing countries of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were United States (US$135M), Germany (US$73.1M), and Netherlands (US$65.4M).

Trade Balance of Mexico

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Net Trade Balance

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US$27M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C in Mexico (including international purchases and sales) was US$27M.

The visualizations show the net balance of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C 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$2.48M, International Purchases
  • US$471k, International Sales

In July 2024, international sales of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were US$471k, while international purchases reached US$2.48M. The above results in a trade balance of -US$2.01M.

Market Concentration

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2024-Q3: US$107k, International Sales

The visualization shows the quarterly concentration of international sales of Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C at state level.

In the third quarter of 2024, international sales were US$107k, being the states with the most sales Chihuahua (US$107k).

Exchange by Territory

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International Sales

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Chihuahua: US$1.47M, State with the Most International Sales (2023)

United States: US$2.82M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were Chihuahua (US$1.47M), Jalisco (US$1.11M), Baja California (US$188k), Querétaro (US$156k), and Sonora (US$132k).

In 2023, the countries with the most international purchases from Mexico were United States (US$2.82M), Sri Lanka (US$249k), Colombia (US$39.6k), Venezuela (US$32k), and El Salvador (US$28.8k).

International Purchases

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Jalisco: US$5.46M, State with the Most International Purchases (2023)

United States: US$7.46M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were Jalisco (US$5.46M), Ciudad de México (US$5.17M), Nuevo León (US$3.6M), Chihuahua (US$3.43M), and Baja California (US$1.57M).

The countries with the most international sales to Mexico in 2023 were United States (US$7.46M), China (US$6.04M), Sri Lanka (US$3.08M), Japan (US$2.38M), and Germany (US$1.39M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C. 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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  • 0.82%, Mexican share in global exports - 2022
  • 2.35%, Mexican share in global imports - 2022

The visualizations show the global market for Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C. 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 Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were China (US$283M), Germany (US$132M), and Japan (US$68M). In the same year, the main importing countries for Weights for all Kinds of Scales or Balances; Parts of Instruments and Apparatus of Regret, N.E.C were United States (US$135M), Germany (US$73.1M), and Netherlands (US$65.4M).