Musical Instruments; their Parts & Accessories

Code 92 (Harmonized System 2012 by 2 digits)

 2020: US$131M, Total Trade Exchange

2020: US$81M, International Sales

  2020: US$49.5M, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Musical Instruments; their Parts & Accessories was N/A.

In 2020, the states with the most international sales in Musical Instruments; their Parts & Accessories were Ciudad de México (US$219k), Chihuahua (US$181k), Jalisco (US$37.6k), Tamaulipas (US$19.1k), and Puebla (US$16.6k).

In the same year, the states with the most international purchases were Ciudad de México (US$26.8M), Baja California (US$12.4M), Coahuila de Zaragoza (US$3.58M), Jalisco (US$1.8M), and Sonora (US$1.07M).

In 2020, the main commercial destinations of Musical Instruments; their Parts & Accessories were United States (US$379k), Guatemala (US$38.4k), Israel (US$10.9k), Puerto Rico (US$10.7k), and Cuba (US$6.48k).

In the same year, the main commercial origins of Musical Instruments; their Parts & Accessories were China (US$21M), United States (US$9.44M), Indonesia (US$7.8M), Taiwan (US$2.59M), and Japan (US$2.1M).

In the global context, the main exporting countries of Musical Instruments; their Parts & Accessories in 2019 were China (US$2.12B), Indonesia (US$925M), and Germany (US$779M). In the same year, the main importing countries of Musical Instruments; their Parts & Accessories were United States (US$1.53B), Germany (US$757M), and Japan (US$522M).

Trade Balance of Mexico

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Net Trade Balance

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US$131M, Total Trade Exchange (2020)

In 2020, the total trade exchange of Musical Instruments; their Parts & Accessories in Mexico (including international purchases and sales) was US$131M.

The visualizations show the net balance of Musical Instruments; their Parts & Accessories 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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June, 2021

  • US$5.17M, International Purchases
  • US$10.9M, International Sales

In June 2021, international sales of Musical Instruments; their Parts & Accessories were US$10.9M, while international purchases reached US$5.17M. The above results in a trade balance of US$5.71M.

Market Concentration

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2021-Q2: US$27.8M, International Sales

The visualization shows the quarterly concentration of international sales of Musical Instruments; their Parts & Accessories at state level.

In the second quarter of 2021, international sales were US$27.8M, being the states with the most sales Baja California (US$25.3M), Sonora (US$2.37M), and Ciudad de México (US$106k).

Exchange by Territory

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International Sales

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Ciudad de México: US$219k, State with the Most International Sales (2020)

United States: US$379k, Main commercial destination (2020)

In 2020, the states with the highest international sales in Musical Instruments; their Parts & Accessories were Ciudad de México (US$219k), Chihuahua (US$181k), Jalisco (US$37.6k), Tamaulipas (US$19.1k), and Puebla (US$16.6k).

In 2020, the countries with the most international purchases from Mexico were United States (US$379k), Guatemala (US$38.4k), Israel (US$10.9k), Puerto Rico (US$10.7k), and Cuba (US$6.48k).

International Purchases

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Ciudad de México: US$26.8M, State with the Most International Purchases (2020)

China: US$21M, Main Commercial Origin (2020)

In 2020, the states with the highest international in Musical Instruments; their Parts & Accessories were Ciudad de México (US$26.8M), Baja California (US$12.4M), Coahuila de Zaragoza (US$3.58M), Jalisco (US$1.8M), and Sonora (US$1.07M).

The countries with the most international sales to Mexico were China (US$21M), United States (US$9.44M), Indonesia (US$7.8M), Taiwan (US$2.59M), and Japan (US$2.1M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Musical Instruments; their Parts & Accessories  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Musical Instruments; their Parts & Accessories. 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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  • 1.98%, Mexican share in global exports - 2019
  • 0.99%, Mexican share in global imports - 2019

The visualizations show the global market for Musical Instruments; their Parts & Accessories. 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 Musical Instruments; their Parts & Accessories were China (US$2.12B), Indonesia (US$925M), and Germany (US$779M). In the same year, the main importing countries for Musical Instruments; their Parts & Accessories were United States (US$1.53B), Germany (US$757M), and Japan (US$522M).