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Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas)

Código 760529 (Harmonized System 2012 by 6 digits)

 2023: US$21.2M, Total Trade Exchange

2023: US$103k, International Sales

  2023: US$21.1M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) was US$21.2M.

In 2023, the states with the most international sales in Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were Nuevo León (US$24.6k).

The states with the most international purchases in 2023 were Tamaulipas (US$7.64M), Ciudad de México (US$4.3M), Nuevo León (US$2.13M), Guanajuato (US$1.93M), and Estado de México (US$1.9M).

In 2023, the main commercial destinations of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were United States (US$15.6k), Nicaragua (US$6.35k), Puerto Rico (US$1.21k), Argentina (US$1.19k), and Costa Rica (US$133).

The main commercial origins of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) in 2023 were United States (US$12.8M), Canada (US$4.02M), China (US$2.87M), Spain (US$408k), and Bahrain (US$205k).

In the global context, the main exporting countries of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) in 2022 were China (US$106M), Italy (US$46.5M), and United States (US$44.3M). In the same year, the main importing countries of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were Germany (US$33.4M), United States (US$31.4M), and Malaysia (US$24M).

Trade Balance of Mexico

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Net Trade Balance

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US$21.2M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) in Mexico (including international purchases and sales) was US$21.2M.

The visualizations show the net balance of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) 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$1.44M, International Purchases
  • US$186k, International Sales

In July 2024, international sales of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were US$186k, while international purchases reached US$1.44M. The above results in a trade balance of -US$1.26M.

Market Concentration

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2024-Q3: US$186k, International Sales

The visualization shows the quarterly concentration of international sales of Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) at state level.

In the third quarter of 2024, international sales were US$186k, being the states with the most sales Nuevo León (US$186k).

Exchange by Territory

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International Sales

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Nuevo León: US$24.6k, State with the Most International Sales (2023)

United States: US$15.6k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were Nuevo León (US$24.6k).

In 2023, the countries with the most international purchases from Mexico were United States (US$15.6k), Nicaragua (US$6.35k), Puerto Rico (US$1.21k), Argentina (US$1.19k), and Costa Rica (US$133).

International Purchases

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Tamaulipas: US$7.64M, State with the Most International Purchases (2023)

United States: US$12.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were Tamaulipas (US$7.64M), Ciudad de México (US$4.3M), Nuevo León (US$2.13M), Guanajuato (US$1.93M), and Estado de México (US$1.9M).

The countries with the most international sales to Mexico in 2023 were United States (US$12.8M), Canada (US$4.02M), China (US$2.87M), Spain (US$408k), and Bahrain (US$205k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas). 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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  • 0.032%, Mexican share in global exports - 2022
  • 4.25%, Mexican share in global imports - 2022

The visualizations show the global market for Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas). 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 Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were China (US$106M), Italy (US$46.5M), and United States (US$44.3M). In the same year, the main importing countries for Wire Aluminum Alloys, the Largest Dimension of the Cross-Sectional <= 7 Mm (Exc. Cables, Plaits and Similar Articles. of Heading 7614, Electrically Insulated Wires and Strings for Musical Instruments Harmonicas) were Germany (US$33.4M), United States (US$31.4M), and Malaysia (US$24M).