Welders and Welding Guns
Código 851511 (Harmonized System 2012 by 6 digits)
2023: US$40.7M, Total Trade Exchange
2023: US$29.6M, International Sales
2023: US$11M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Welders and Welding Guns was US$40.7M.
In 2023, the states with the most international sales in Welders and Welding Guns were Estado de México (US$948k), Ciudad de México (US$136k), Baja California (US$78.7k), Chihuahua (US$70.3k), and Nuevo León (US$64.3k).
The states with the most international purchases in 2023 were Estado de México (US$2.81M), Jalisco (US$2.15M), Nuevo León (US$2.08M), Ciudad de México (US$852k), and Coahuila de Zaragoza (US$828k).
In 2023, the main commercial destinations of Welders and Welding Guns were Colombia (US$261k), United States (US$246k), Guatemala (US$156k), Costa Rica (US$126k), and Ecuador (US$122k).
The main commercial origins of Welders and Welding Guns in 2023 were China (US$4.28M), United States (US$1.83M), Austria (US$1.32M), Spain (US$959k), and Germany (US$841k).
In the global context, the main exporting countries of Welders and Welding Guns in 2022 were China (US$126M), Mexico (US$30.2M), and Spain (US$17.5M). In the same year, the main importing countries of Welders and Welding Guns were United States (US$34.2M), Germany (US$23.7M), and Netherlands (US$15.5M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$40.7M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Welders and Welding Guns in Mexico (including international purchases and sales) was US$40.7M.
The visualizations show the net balance of Welders and Welding Guns 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$495k, International Purchases
- US$1.61M, International Sales
In July 2024, international sales of Welders and Welding Guns were US$1.61M, while international purchases reached US$495k. The above results in a trade balance of US$1.12M.
Market Concentration
#permalink to section2024-Q3: US$5.16k, International Sales
The visualization shows the quarterly concentration of international sales of Welders and Welding Guns at state level.
In the third quarter of 2024, international sales were US$5.16k, being the states with the most sales Ciudad de México (US$5.16k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionEstado de México: US$948k, State with the Most International Sales (2023)
Colombia: US$261k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Welders and Welding Guns were Estado de México (US$948k), Ciudad de México (US$136k), Baja California (US$78.7k), Chihuahua (US$70.3k), and Nuevo León (US$64.3k).
In 2023, the countries with the most international purchases from Mexico were Colombia (US$261k), United States (US$246k), Guatemala (US$156k), Costa Rica (US$126k), and Ecuador (US$122k).
International Purchases
#permalink to sectionEstado de México: US$2.81M, State with the Most International Purchases (2023)
China: US$4.28M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Welders and Welding Guns were Estado de México (US$2.81M), Jalisco (US$2.15M), Nuevo León (US$2.08M), Ciudad de México (US$852k), and Coahuila de Zaragoza (US$828k).
The countries with the most international sales to Mexico in 2023 were China (US$4.28M), United States (US$1.83M), Austria (US$1.32M), Spain (US$959k), and Germany (US$841k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Welders and Welding Guns and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Welders and Welding Guns. 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- 11.4%, Mexican share in global exports - 2022
- 3.23%, Mexican share in global imports - 2022
The visualizations show the global market for Welders and Welding Guns. 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 Welders and Welding Guns were China (US$126M), Mexico (US$30.2M), and Spain (US$17.5M). In the same year, the main importing countries for Welders and Welding Guns were United States (US$34.2M), Germany (US$23.7M), and Netherlands (US$15.5M).