Parts and Accessories of Vehicles of Headings 8711 to 8713
Código 8714 (Harmonized System 2012 by 4 digits)
2023: US$761M, Total Trade Exchange
2023: US$106M, International Sales
2023: US$654M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Parts and Accessories of Vehicles of Headings 8711 to 8713 was US$761M.
In 2023, the states with the most international sales in Parts and Accessories of Vehicles of Headings 8711 to 8713 were Baja California (US$42.3M), Tamaulipas (US$12.3M), Yucatán (US$10.9M), Guanajuato (US$9.55M), and Querétaro (US$8.63M).
The states with the most international purchases in 2023 were Ciudad de México (US$415M), Jalisco (US$103M), Estado de México (US$20.2M), Baja California (US$19.8M), and Chihuahua (US$16.7M).
In 2023, the main commercial destinations of Parts and Accessories of Vehicles of Headings 8711 to 8713 were United States (US$99.1M), Brazil (US$4.52M), Netherlands (US$1.07M), Canada (US$875k), and Thailand (US$467k).
The main commercial origins of Parts and Accessories of Vehicles of Headings 8711 to 8713 in 2023 were China (US$521M), India (US$67.6M), United States (US$25.4M), Taiwan (Republic of China) (US$11.4M), and Canada (US$6.15M).
In the global context, the main exporting countries of Parts and Accessories of Vehicles of Headings 8711 to 8713 in 2022 were China (US$11.4B), Taiwan (Republic of China) (US$6.2B), and Japan (US$2.36B). In the same year, the main importing countries of Parts and Accessories of Vehicles of Headings 8711 to 8713 were Germany (US$4.57B), United States (US$2.45B), and Taiwan (Republic of China) (US$1.57B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$761M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Parts and Accessories of Vehicles of Headings 8711 to 8713 in Mexico (including international purchases and sales) was US$761M.
The visualizations show the net balance of Parts and Accessories of Vehicles of Headings 8711 to 8713 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$97.9M, International Purchases
- US$7.08M, International Sales
In July 2024, international sales of Parts and Accessories of Vehicles of Headings 8711 to 8713 were US$7.08M, while international purchases reached US$97.9M. The above results in a trade balance of -US$90.8M.
Market Concentration
#permalink to section2024-Q3: US$5.46M, International Sales
The visualization shows the quarterly concentration of international sales of Parts and Accessories of Vehicles of Headings 8711 to 8713 at state level.
In the third quarter of 2024, international sales were US$5.46M, being the states with the most sales Baja California (US$3.3M), Tamaulipas (US$928k), and Ciudad de México (US$535k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$42.3M, State with the Most International Sales (2023)
United States: US$99.1M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Parts and Accessories of Vehicles of Headings 8711 to 8713 were Baja California (US$42.3M), Tamaulipas (US$12.3M), Yucatán (US$10.9M), Guanajuato (US$9.55M), and Querétaro (US$8.63M).
In 2023, the countries with the most international purchases from Mexico were United States (US$99.1M), Brazil (US$4.52M), Netherlands (US$1.07M), Canada (US$875k), and Thailand (US$467k).
International Purchases
#permalink to sectionCiudad de México: US$415M, State with the Most International Purchases (2023)
China: US$521M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Parts and Accessories of Vehicles of Headings 8711 to 8713 were Ciudad de México (US$415M), Jalisco (US$103M), Estado de México (US$20.2M), Baja California (US$19.8M), and Chihuahua (US$16.7M).
The countries with the most international sales to Mexico in 2023 were China (US$521M), India (US$67.6M), United States (US$25.4M), Taiwan (Republic of China) (US$11.4M), and Canada (US$6.15M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Parts and Accessories of Vehicles of Headings 8711 to 8713 and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Parts and Accessories of Vehicles of Headings 8711 to 8713. 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- 0.31%, Mexican share in global exports - 2022
- 1.9%, Mexican share in global imports - 2022
The visualizations show the global market for Parts and Accessories of Vehicles of Headings 8711 to 8713. 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 Parts and Accessories of Vehicles of Headings 8711 to 8713 were China (US$11.4B), Taiwan (Republic of China) (US$6.2B), and Japan (US$2.36B). In the same year, the main importing countries for Parts and Accessories of Vehicles of Headings 8711 to 8713 were Germany (US$4.57B), United States (US$2.45B), and Taiwan (Republic of China) (US$1.57B).