Wire "Stuffing" for Arc Welding, of Base Metal
Código 831120 (Harmonized System 2012 by 6 digits)
2023: US$125M, Total Trade Exchange
2023: US$3.34M, International Sales
2023: US$122M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wire "Stuffing" for Arc Welding, of Base Metal was US$125M.
In 2023, the states with the most international sales in Wire "Stuffing" for Arc Welding, of Base Metal were Guanajuato (US$1.56M), Estado de México (US$797k), Nuevo León (US$412k), Jalisco (US$371k), and Baja California (US$99.5k).
The states with the most international purchases in 2023 were Ciudad de México (US$28.6M), Nuevo León (US$25.1M), Estado de México (US$12M), Baja California (US$10.9M), and Puebla (US$7.81M).
In 2023, the main commercial destinations of Wire "Stuffing" for Arc Welding, of Base Metal were Chile (US$851k), Guatemala (US$541k), Colombia (US$404k), China (US$363k), and United States (US$330k).
The main commercial origins of Wire "Stuffing" for Arc Welding, of Base Metal in 2023 were United States (US$68.1M), South Korea (US$16.7M), China (US$12.3M), Vietnam (US$8.2M), and Canada (US$3.64M).
In the global context, the main exporting countries of Wire "Stuffing" for Arc Welding, of Base Metal in 2022 were China (US$268M), United States (US$204M), and South Korea (US$157M). In the same year, the main importing countries of Wire "Stuffing" for Arc Welding, of Base Metal were Mexico (US$97.8M), Canada (US$92.6M), and United States (US$91.1M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$125M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wire "Stuffing" for Arc Welding, of Base Metal in Mexico (including international purchases and sales) was US$125M.
The visualizations show the net balance of Wire "Stuffing" for Arc Welding, of Base Metal 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$9.35M, International Purchases
- US$526k, International Sales
In July 2024, international sales of Wire "Stuffing" for Arc Welding, of Base Metal were US$526k, while international purchases reached US$9.35M. The above results in a trade balance of -US$8.82M.
Market Concentration
#permalink to section2024-Q3: US$298k, International Sales
The visualization shows the quarterly concentration of international sales of Wire "Stuffing" for Arc Welding, of Base Metal at state level.
In the third quarter of 2024, international sales were US$298k, being the states with the most sales Ciudad de México (US$298k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionGuanajuato: US$1.56M, State with the Most International Sales (2023)
Chile: US$851k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wire "Stuffing" for Arc Welding, of Base Metal were Guanajuato (US$1.56M), Estado de México (US$797k), Nuevo León (US$412k), Jalisco (US$371k), and Baja California (US$99.5k).
In 2023, the countries with the most international purchases from Mexico were Chile (US$851k), Guatemala (US$541k), Colombia (US$404k), China (US$363k), and United States (US$330k).
International Purchases
#permalink to sectionCiudad de México: US$28.6M, State with the Most International Purchases (2023)
United States: US$68.1M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wire "Stuffing" for Arc Welding, of Base Metal were Ciudad de México (US$28.6M), Nuevo León (US$25.1M), Estado de México (US$12M), Baja California (US$10.9M), and Puebla (US$7.81M).
The countries with the most international sales to Mexico in 2023 were United States (US$68.1M), South Korea (US$16.7M), China (US$12.3M), Vietnam (US$8.2M), and Canada (US$3.64M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wire "Stuffing" for Arc Welding, of Base Metal and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wire "Stuffing" for Arc Welding, of Base Metal. 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- 0.18%, Mexican share in global exports - 2022
- 7.65%, Mexican share in global imports - 2022
The visualizations show the global market for Wire "Stuffing" for Arc Welding, of Base Metal. 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 "Stuffing" for Arc Welding, of Base Metal were China (US$268M), United States (US$204M), and South Korea (US$157M). In the same year, the main importing countries for Wire "Stuffing" for Arc Welding, of Base Metal were Mexico (US$97.8M), Canada (US$92.6M), and United States (US$91.1M).