ProceduresGovernment

Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué")

Código 910219 (Harmonized System 2012 by 6 digits)

 2023: US$8.98M, Total Trade Exchange

2023: US$48.3k, International Sales

  2023: US$8.93M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") was US$8.98M.

In 2023, the states with the most international sales in Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were Ciudad de México (US$5.28k).

The states with the most international purchases in 2023 were Ciudad de México (US$5.36M), Quintana Roo (US$3M), Nuevo León (US$211k), Estado de México (US$59.7k), and Tamaulipas (US$44.1k).

In 2023, the main commercial destinations of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were China (US$2k) and Guatemala (US$996).

The main commercial origins of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") in 2023 were Japan (US$6.8M), China (US$1.15M), Thailand (US$522k), Switzerland (US$201k), and Malaysia (US$5.52k).

In the global context, the main exporting countries of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") in 2022 were China (US$404M), Switzerland (US$147M), and Thailand (US$134M). In the same year, the main importing countries of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were Hong Kong (US$134M), United States (US$96.3M), and China (US$88M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$8.98M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") in Mexico (including international purchases and sales) was US$8.98M.

The visualizations show the net balance of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") 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 section

July, 2024

  • US$545k, International Purchases
  • US$27.3k, International Sales

In July 2024, international sales of Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were US$27.3k, while international purchases reached US$545k. The above results in a trade balance of -US$518k.

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Ciudad de México: US$5.28k, State with the Most International Sales (2023)

China: US$2k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were Ciudad de México (US$5.28k).

In 2023, the countries with the most international purchases from Mexico were China (US$2k) and Guatemala (US$996).

International Purchases

#permalink to section

Ciudad de México: US$5.36M, State with the Most International Purchases (2023)

Japan: US$6.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were Ciudad de México (US$5.36M), Quintana Roo (US$3M), Nuevo León (US$211k), Estado de México (US$59.7k), and Tamaulipas (US$44.1k).

The countries with the most international sales to Mexico in 2023 were Japan (US$6.8M), China (US$1.15M), Thailand (US$522k), Switzerland (US$201k), and Malaysia (US$5.52k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué")  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué"). 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

#permalink to section

  • 0.044%, Mexican share in global exports - 2022
  • 1.13%, Mexican share in global imports - 2022

The visualizations show the global market for Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué"). 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 Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were China (US$404M), Switzerland (US$147M), and Thailand (US$134M). In the same year, the main importing countries for Wristwatches, Electric, Incl. with Built-In Timer with Combined Mechanical and Optoelectronic Indicator (Excl. of Precious Metal or Clad with Precious Metal "Plaqué") were Hong Kong (US$134M), United States (US$96.3M), and China (US$88M).