Vehicles

Code 87 (Harmonized System 2012 by 2 digits)

2020: US$130B, Total Trade Exchange

 2020: US$94.6B, International Sales

  2020: US$30.1B, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Vehicles was US$130B.

In 2020, the states with the most international sales in Vehicles were Ciudad de México (US$45.7B), Puebla (US$11.1B), Guanajuato (US$6.24B), Nuevo León (US$5.58B), and Aguascalientes (US$5.11B).

In the same year, the states with the most international purchases were Ciudad de México (US$13.6B), Puebla (US$2.91B), Nuevo León (US$2.36B), Baja California (US$2.28B), and Guanajuato (US$1.77B).

In 2020, the main commercial destinations of Vehicles were United States (US$77.5B), Germany (US$4.56B), Canada (US$4.09B), China (US$1.17B), and Brazil (US$889M).

In the same year, the main commercial origins of Vehicles were United States (US$14.4B), China (US$2.88B), Japan (US$2.81B), Germany (US$2.09B), and South Korea (US$1.25B).

In the global context, the main exporting countries of Vehicles in 2018 were Germany (US$269B), Japan (US$166B), and Mexico (US$120B). In the same year, the main importing countries of Vehicles were United States (US$306B), Germany (US$130B), and China (US$81B).

Trade Balance of Mexico

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Net Trade Balance

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US$130B, Total Trade Exchange (2020)

In 2020, the total trade exchange of Vehicles in Mexico (including international purchases and sales) was US$130B.

The visualizations show the net balance of Vehicles 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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December, 2020: US$3.15B, International Purchases

 December, 2020: US$10.8B, International Sales

In December 2020, international sales of Vehicles were US$10.8B, while international purchases reached US$3.15B. The above results in a trade balance of $ 7.67B.

Market Concentration

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2020-Q4: US$30.1B, International Sales

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

In 2020-Q4, international sales were US$30.1B, being the states with the most sales Ciudad de México (US$13.9B), Puebla (US$3.52B), and Guanajuato (US$2.31B).

Exchange by Territory

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International Sales

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Ciudad de México: US$45.7B, State with the Most International Sales (2020)

United States: US$77.5B, Main commercial destination (2020)

In 2020, the states with the highest international sales in Vehicles were Ciudad de México (US$45.7B), Puebla (US$11.1B), Guanajuato (US$6.24B), Nuevo León (US$5.58B), and Aguascalientes (US$5.11B).

In 2020, the countries with the most international purchases from Mexico were United States (US$77.5B), Germany (US$4.56B), Canada (US$4.09B), China (US$1.17B), and Brazil (US$889M).

International Purchases

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Ciudad de México: US$13.6B, State with the Most International Purchases (2020)

United States: US$14.4B, Main Commercial Origin (2020)

In 2020, the states with the highest international in Vehicles were Ciudad de México (US$13.6B), Puebla (US$2.91B), Nuevo León (US$2.36B), Baja California (US$2.28B), and Guanajuato (US$1.77B).

The countries with the most international sales to Mexico were United States (US$14.4B), China (US$2.88B), Japan (US$2.81B), Germany (US$2.09B), and South Korea (US$1.25B).

Specialization

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Specialization by State

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

RCA values ​​greater than 1 indicate that the state has comparative advantages in Vehicles. 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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Vehicles: US$1.52T, Market Global (2018)

In 2018, the main exporting countries of Vehicles were Germany (US$269B), Japan (US$166B), and Mexico (US$120B). In the same year, the main importing countries for Vehicles were United States (US$306B), Germany (US$130B), and China (US$81B).

The visualizations show the global market for Vehicles. In both graphs Mexico stands out, in order to better identify it in the export and import market.