Wheelsets and Unassembled, Wheels and Parts Thereof
Código 860719 (Harmonized System 2012 by 6 digits)
2023: US$613M, Total Trade Exchange
2023: US$43.3M, International Sales
2023: US$569M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wheelsets and Unassembled, Wheels and Parts Thereof was US$613M.
In 2023, the states with the most international sales in Wheelsets and Unassembled, Wheels and Parts Thereof were Hidalgo (US$35.9M), Nuevo León (US$4.58M), Ciudad de México (US$1.52M), San Luis Potosí (US$544k), and Coahuila de Zaragoza (US$360k).
The states with the most international purchases in 2023 were Hidalgo (US$243M), Ciudad de México (US$148M), Coahuila de Zaragoza (US$140M), San Luis Potosí (US$18.1M), and Nuevo León (US$17.6M).
In 2023, the main commercial destinations of Wheelsets and Unassembled, Wheels and Parts Thereof were United States (US$35.8M), China (US$2.59M), Malaysia (US$1.84M), Sweden (US$1.39M), and South Korea (US$823k).
The main commercial origins of Wheelsets and Unassembled, Wheels and Parts Thereof in 2023 were United States (US$420M), China (US$98M), Brazil (US$16.7M), India (US$12.6M), and Indonesia (US$6.56M).
In the global context, the main exporting countries of Wheelsets and Unassembled, Wheels and Parts Thereof in 2022 were United States (US$696M), China (US$468M), and Germany (US$388M). In the same year, the main importing countries of Wheelsets and Unassembled, Wheels and Parts Thereof were Mexico (US$435M), United States (US$330M), and Canada (US$303M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$613M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wheelsets and Unassembled, Wheels and Parts Thereof in Mexico (including international purchases and sales) was US$613M.
The visualizations show the net balance of Wheelsets and Unassembled, Wheels and Parts Thereof 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$47.1M, International Purchases
- US$4.47M, International Sales
In July 2024, international sales of Wheelsets and Unassembled, Wheels and Parts Thereof were US$4.47M, while international purchases reached US$47.1M. The above results in a trade balance of -US$42.6M.
Market Concentration
#permalink to section2024-Q3: US$392k, International Sales
The visualization shows the quarterly concentration of international sales of Wheelsets and Unassembled, Wheels and Parts Thereof at state level.
In the third quarter of 2024, international sales were US$392k, being the states with the most sales Ciudad de México (US$392k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionHidalgo: US$35.9M, State with the Most International Sales (2023)
United States: US$35.8M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wheelsets and Unassembled, Wheels and Parts Thereof were Hidalgo (US$35.9M), Nuevo León (US$4.58M), Ciudad de México (US$1.52M), San Luis Potosí (US$544k), and Coahuila de Zaragoza (US$360k).
In 2023, the countries with the most international purchases from Mexico were United States (US$35.8M), China (US$2.59M), Malaysia (US$1.84M), Sweden (US$1.39M), and South Korea (US$823k).
International Purchases
#permalink to sectionHidalgo: US$243M, State with the Most International Purchases (2023)
United States: US$420M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wheelsets and Unassembled, Wheels and Parts Thereof were Hidalgo (US$243M), Ciudad de México (US$148M), Coahuila de Zaragoza (US$140M), San Luis Potosí (US$18.1M), and Nuevo León (US$17.6M).
The countries with the most international sales to Mexico in 2023 were United States (US$420M), China (US$98M), Brazil (US$16.7M), India (US$12.6M), and Indonesia (US$6.56M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wheelsets and Unassembled, Wheels and Parts Thereof and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wheelsets and Unassembled, Wheels and Parts Thereof. 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- 1.25%, Mexican share in global exports - 2022
- 12.8%, Mexican share in global imports - 2022
The visualizations show the global market for Wheelsets and Unassembled, Wheels and Parts Thereof. 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 Wheelsets and Unassembled, Wheels and Parts Thereof were United States (US$696M), China (US$468M), and Germany (US$388M). In the same year, the main importing countries for Wheelsets and Unassembled, Wheels and Parts Thereof were Mexico (US$435M), United States (US$330M), and Canada (US$303M).