Machinery Parts

Código 8529 (Harmonized System 2012 by 4 digits)

 2020: US$4.37B, Total Trade Exchange

2020: US$459M, International Sales

  2020: US$3.91B, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Machinery Parts was N/A.

In 2020, the states with the most international sales in Machinery Parts were Baja California (US$129M), Jalisco (US$96.4M), Tamaulipas (US$63.5M), Nuevo León (US$11.4M), and Sonora (US$9.24M).

In the same year, the states with the most international purchases were Baja California (US$2.25B), Chihuahua (US$598M), Tamaulipas (US$560M), Jalisco (US$151M), and Ciudad de México (US$88.4M).

In 2020, the main commercial destinations of Machinery Parts were United States (US$252M), Hong Kong (US$12.3M), China (US$7.44M), Brazil (US$6.91M), and Germany (US$5.86M).

In the same year, the main commercial origins of Machinery Parts were China (US$2.64B), Vietnam (US$245M), Taiwan (US$227M), South Korea (US$207M), and United States (US$182M).

In the global context, the main exporting countries of Machinery Parts in 2019 were China (US$23.6B), South Korea (US$8.82B), and Vietnam (US$6.34B). In the same year, the main importing countries of Machinery Parts were China (US$9.56B), Hong Kong (US$6.11B), and South Korea (US$4.69B).

Trade Balance of Mexico

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Net Trade Balance

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N/A, Total Trade Exchange (2020)

In 2020, the total trade exchange of Machinery Parts in Mexico (including international purchases and sales) was N/A.

The visualizations show the net balance of Machinery Parts 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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February, 2021: US$260M, International Purchases

 February, 2021: US$37.3M, International Sales

In February 2021, international sales of Machinery Parts were US$37.3M, while international purchases reached US$260M. The above results in a trade balance of $ -222M.

Market Concentration

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2020-Q4: US$102M, International Sales

The visualization shows the quarterly concentration of international sales of Machinery Parts at state level.

In the fourth quarter of 2020, international sales were US$102M, being the states with the most sales Chihuahua (US$31.6M), Jalisco (US$29.8M), and Tamaulipas (US$13.5M).

Exchange by Territory

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International Sales

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Baja California: US$129M, State with the Most International Sales (2020)

United States: US$252M, Main commercial destination (2020)

In 2020, the states with the highest international sales in Machinery Parts were Baja California (US$129M), Jalisco (US$96.4M), Tamaulipas (US$63.5M), Nuevo León (US$11.4M), and Sonora (US$9.24M).

In 2020, the countries with the most international purchases from Mexico were United States (US$252M), Hong Kong (US$12.3M), China (US$7.44M), Brazil (US$6.91M), and Germany (US$5.86M).

International Purchases

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Baja California: US$2.25B, State with the Most International Purchases (2020)

China: US$2.64B, Main Commercial Origin (2020)

In 2020, the states with the highest international in Machinery Parts were Baja California (US$2.25B), Chihuahua (US$598M), Tamaulipas (US$560M), Jalisco (US$151M), and Ciudad de México (US$88.4M).

The countries with the most international sales to Mexico were China (US$2.64B), Vietnam (US$245M), Taiwan (US$227M), South Korea (US$207M), and United States (US$182M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Machinery Parts  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Machinery Parts. 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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  • 0.96%, Mexican share in global exports - 2019
  • 6.05%, Mexican share in global imports - 2019

The visualizations show the global market for Machinery Parts. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2019, the main exporting countries of Machinery Parts were China (US$23.6B), South Korea (US$8.82B), and Vietnam (US$6.34B). In the same year, the main importing countries for Machinery Parts were China (US$9.56B), Hong Kong (US$6.11B), and South Korea (US$4.69B).