ProceduresGovernment

Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe

Código 8903 (Harmonized System 2012 by 4 digits)

 2023: US$1.4B, Total Trade Exchange

2023: US$1.37B, International Sales

  2023: US$24.5M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe was US$1.4B.

In 2023, the states with the most international sales in Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were Baja California (US$26.8M), Ciudad de México (US$1.14M), and Yucatán (US$47k).

The states with the most international purchases in 2023 were Quintana Roo (US$9.92M), Nuevo León (US$5.06M), Ciudad de México (US$2.25M), Yucatán (US$1.86M), and Baja California (US$1.17M).

In 2023, the main commercial destinations of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were United States (US$26.9M), Turkey (US$753k), Netherlands (US$130k), Puerto Rico (US$57.3k), and Australia (US$40.5k).

The main commercial origins of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe in 2023 were United States (US$7.91M), Canada (US$4.18M), Italy (US$3.91M), Netherlands (US$3.3M), and China (US$1.34M).

In the global context, the main exporting countries of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe in 2022 were Italy (US$3B), United States (US$1.73B), and France (US$1.32B). In the same year, the main importing countries of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were United States (US$2.84B), Malta (US$1.39B), and Canada (US$1.1B).

Trade Balance of Mexico

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Net Trade Balance

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US$1.4B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe in Mexico (including international purchases and sales) was US$1.4B.

The visualizations show the net balance of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe 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$1.66M, International Purchases
  • US$104M, International Sales

In July 2024, international sales of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were US$104M, while international purchases reached US$1.66M. The above results in a trade balance of US$102M.

Market Concentration

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2024-Q3: US$2.17M, International Sales

The visualization shows the quarterly concentration of international sales of Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe at state level.

In the third quarter of 2024, international sales were US$2.17M, being the states with the most sales Baja California (US$2.17M).

Exchange by Territory

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International Sales

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Baja California: US$26.8M, State with the Most International Sales (2023)

United States: US$26.9M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were Baja California (US$26.8M), Ciudad de México (US$1.14M), and Yucatán (US$47k).

In 2023, the countries with the most international purchases from Mexico were United States (US$26.9M), Turkey (US$753k), Netherlands (US$130k), Puerto Rico (US$57.3k), and Australia (US$40.5k).

International Purchases

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Quintana Roo: US$9.92M, State with the Most International Purchases (2023)

United States: US$7.91M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were Quintana Roo (US$9.92M), Nuevo León (US$5.06M), Ciudad de México (US$2.25M), Yucatán (US$1.86M), and Baja California (US$1.17M).

The countries with the most international sales to Mexico in 2023 were United States (US$7.91M), Canada (US$4.18M), Italy (US$3.91M), Netherlands (US$3.3M), and China (US$1.34M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe. 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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  • 4.09%, Mexican share in global exports - 2022
  • 0.77%, Mexican share in global imports - 2022

The visualizations show the global market for Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe. 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 Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were Italy (US$3B), United States (US$1.73B), and France (US$1.32B). In the same year, the main importing countries for Yachts and other Vessels for Pleasure or Sports; Boats (Boats) Rowing and Canoe were United States (US$2.84B), Malta (US$1.39B), and Canada (US$1.1B).