ProceduresGovernment

Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools

Código 8207 (Harmonized System 2012 by 4 digits)

 2023: US$1.88B, Total Trade Exchange

2023: US$183M, International Sales

  2023: US$1.69B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools was US$1.88B.

In 2023, the states with the most international sales in Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were Tamaulipas (US$57.5M), Estado de México (US$24.3M), Querétaro (US$17.5M), Baja California (US$17.5M), and Puebla (US$11.3M).

The states with the most international purchases in 2023 were Nuevo León (US$254M), Ciudad de México (US$196M), Querétaro (US$192M), Guanajuato (US$171M), and Coahuila de Zaragoza (US$164M).

In 2023, the main commercial destinations of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were United States (US$142M), Colombia (US$5.02M), Chile (US$4.14M), Peru (US$3.98M), and Japan (US$3.24M).

The main commercial origins of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools in 2023 were United States (US$505M), China (US$368M), Japan (US$200M), South Korea (US$195M), and Germany (US$123M).

In the global context, the main exporting countries of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools in 2022 were China (US$5.03B), Germany (US$3.93B), and United States (US$1.99B). In the same year, the main importing countries of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were United States (US$3.33B), Germany (US$2.43B), and Mexico (US$1.22B).

Trade Balance of Mexico

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Net Trade Balance

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US$1.88B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools in Mexico (including international purchases and sales) was US$1.88B.

The visualizations show the net balance of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools 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$120M, International Purchases
  • US$18.6M, International Sales

In July 2024, international sales of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were US$18.6M, while international purchases reached US$120M. The above results in a trade balance of -US$101M.

Market Concentration

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2024-Q3: US$18.6M, International Sales

The visualization shows the quarterly concentration of international sales of Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools at state level.

In the third quarter of 2024, international sales were US$18.6M, being the states with the most sales Tamaulipas (US$5.17M), Baja California (US$3.45M), and Estado de México (US$2.66M).

Exchange by Territory

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International Sales

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Tamaulipas: US$57.5M, State with the Most International Sales (2023)

United States: US$142M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were Tamaulipas (US$57.5M), Estado de México (US$24.3M), Querétaro (US$17.5M), Baja California (US$17.5M), and Puebla (US$11.3M).

In 2023, the countries with the most international purchases from Mexico were United States (US$142M), Colombia (US$5.02M), Chile (US$4.14M), Peru (US$3.98M), and Japan (US$3.24M).

International Purchases

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Nuevo León: US$254M, State with the Most International Purchases (2023)

United States: US$505M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were Nuevo León (US$254M), Ciudad de México (US$196M), Querétaro (US$192M), Guanajuato (US$171M), and Coahuila de Zaragoza (US$164M).

The countries with the most international sales to Mexico in 2023 were United States (US$505M), China (US$368M), Japan (US$200M), South Korea (US$195M), and Germany (US$123M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools. 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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  • 0.86%, Mexican share in global exports - 2022
  • 5.22%, Mexican share in global imports - 2022

The visualizations show the global market for Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools. 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 Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were China (US$5.03B), Germany (US$3.93B), and United States (US$1.99B). In the same year, the main importing countries for Tools, Interchangeable; for Hand Tools, whether or not Power-Operated, or for Machine Tools were United States (US$3.33B), Germany (US$2.43B), and Mexico (US$1.22B).