Refrigerators, Freezers and other Refrigerating or Freezing Equipment

Código 8418 (Harmonized System 2012 by 4 digits)

 2021: US$6.96B, Total Trade Exchange

2021: US$5.9B, International Sales

  2021: US$1.06B, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Refrigerators, Freezers and other Refrigerating or Freezing Equipment was US$6.96B.

In 2021, the states with the most international sales in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$2.85B), Querétaro (US$1.06B), Chihuahua (US$621M), Ciudad de México (US$595M), and Tamaulipas (US$561M).

The states with the most international purchases in 2021 were Nuevo León (US$301M), Ciudad de México (US$197M), Querétaro (US$178M), Baja California (US$86.3M), and Estado de México (US$74.1M).

In 2021, the main commercial destinations of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$5.12B), Canada (US$256M), Panama (US$80.5M), Colombia (US$62.9M), and Guatemala (US$48.5M).

The main commercial origins of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in 2021 were United States (US$404M), China (US$353M), South Korea (US$149M), Italy (US$24.5M), and Vietnam (US$18.6M).

In the global context, the main exporting countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in 2020 were China (US$13.2B), Mexico (US$5.29B), and Italy (US$3.03B). In the same year, the main importing countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$10.6B), Germany (US$3.18B), and France (US$2.33B).

Trade Balance of Mexico

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Net Trade Balance

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US$6.96B, Total Trade Exchange (2021)

In 2021, the total trade exchange of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in Mexico (including international purchases and sales) was US$6.96B.

The visualizations show the net balance of Refrigerators, Freezers and other Refrigerating or Freezing Equipment 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, 2022

  • US$91.2M, International Purchases
  • US$505M, International Sales

In February 2022, international sales of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were US$505M, while international purchases reached US$91.2M. The above results in a trade balance of US$414M.

Market Concentration

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2022-Q1: US$867M, International Sales

The visualization shows the quarterly concentration of international sales of Refrigerators, Freezers and other Refrigerating or Freezing Equipment at state level.

In the first quarter of 2022, international sales were US$867M, being the states with the most sales Nuevo León (US$324M), Tamaulipas (US$179M), and Querétaro (US$173M).

Exchange by Territory

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International Sales

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Nuevo León: US$2.85B, State with the Most International Sales (2021)

United States: US$5.12B, Main commercial destination (2021)

In 2021, the states with the highest international sales in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$2.85B), Querétaro (US$1.06B), Chihuahua (US$621M), Ciudad de México (US$595M), and Tamaulipas (US$561M).

In 2021, the countries with the most international purchases from Mexico were United States (US$5.12B), Canada (US$256M), Panama (US$80.5M), Colombia (US$62.9M), and Guatemala (US$48.5M).

International Purchases

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Nuevo León: US$301M, State with the Most International Purchases (2021)

United States: US$404M, Main Commercial Origin (2021)

In 2021, the states with the highest international in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$301M), Ciudad de México (US$197M), Querétaro (US$178M), Baja California (US$86.3M), and Estado de México (US$74.1M).

The countries with the most international sales to Mexico in 2021 were United States (US$404M), China (US$353M), South Korea (US$149M), Italy (US$24.5M), and Vietnam (US$18.6M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Refrigerators, Freezers and other Refrigerating or Freezing Equipment  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Refrigerators, Freezers and other Refrigerating or Freezing Equipment. 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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  • 10.9%, Mexican share in global exports - 2020
  • 1.66%, Mexican share in global imports - 2020

The visualizations show the global market for Refrigerators, Freezers and other Refrigerating or Freezing Equipment. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2020, the main exporting countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were China (US$13.2B), Mexico (US$5.29B), and Italy (US$3.03B). In the same year, the main importing countries for Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$10.6B), Germany (US$3.18B), and France (US$2.33B).