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Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters

Código 8516 (Harmonized System 2012 by 4 digits)

 2021: US$2.71B, Total Trade Exchange

2021: US$1.73B, International Sales

  2021: US$978M, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters was US$2.71B.

In 2021, the states with the most international sales in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Tamaulipas (US$493M), Ciudad de México (US$413M), Coahuila de Zaragoza (US$171M), Nuevo León (US$146M), and San Luis Potosí (US$129M).

The states with the most international purchases in 2021 were Ciudad de México (US$267M), Estado de México (US$220M), Nuevo León (US$116M), Tamaulipas (US$91.7M), and Sonora (US$74.8M).

In 2021, the main commercial destinations of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$1.52B), Canada (US$128M), Saudi Arabia (US$8.42M), United Arab Emirates (US$7.46M), and Honduras (US$6.94M).

The main commercial origins of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in 2021 were China (US$539M), United States (US$266M), France (US$22.7M), Japan (US$20.4M), and South Korea (US$15.5M).

In the global context, the main exporting countries of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in 2020 were China (US$24.2B), Germany (US$4.47B), and Italy (US$2.72B). In the same year, the main importing countries of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$10B), Germany (US$4.98B), and France (US$2.77B).

Trade Balance of Mexico

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Net Trade Balance

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US$2.71B, Total Trade Exchange (2021)

In 2021, the total trade exchange of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters in Mexico (including international purchases and sales) was US$2.71B.

The visualizations show the net balance of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters 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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August, 2022

  • US$96.8M, International Purchases
  • US$169M, International Sales

In August 2022, international sales of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were US$169M, while international purchases reached US$96.8M. The above results in a trade balance of US$71.9M.

Market Concentration

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2022-Q3: US$329M, International Sales

The visualization shows the quarterly concentration of international sales of Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters at state level.

In the third quarter of 2022, international sales were US$329M, being the states with the most sales Tamaulipas (US$94.1M), Ciudad de México (US$74.1M), and Nuevo León (US$35M).

Exchange by Territory

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International Sales

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Tamaulipas: US$493M, State with the Most International Sales (2021)

United States: US$1.52B, Main commercial destination (2021)

In 2021, the states with the highest international sales in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Tamaulipas (US$493M), Ciudad de México (US$413M), Coahuila de Zaragoza (US$171M), Nuevo León (US$146M), and San Luis Potosí (US$129M).

In 2021, the countries with the most international purchases from Mexico were United States (US$1.52B), Canada (US$128M), Saudi Arabia (US$8.42M), United Arab Emirates (US$7.46M), and Honduras (US$6.94M).

International Purchases

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Ciudad de México: US$267M, State with the Most International Purchases (2021)

China: US$539M, Main Commercial Origin (2021)

In 2021, the states with the highest international in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were Ciudad de México (US$267M), Estado de México (US$220M), Nuevo León (US$116M), Tamaulipas (US$91.7M), and Sonora (US$74.8M).

The countries with the most international sales to Mexico in 2021 were China (US$539M), United States (US$266M), France (US$22.7M), Japan (US$20.4M), and South Korea (US$15.5M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters. 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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  • 2.34%, Mexican share in global exports - 2020
  • 1.26%, Mexican share in global imports - 2020

The visualizations show the global market for Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters. 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 Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were China (US$24.2B), Germany (US$4.47B), and Italy (US$2.72B). In the same year, the main importing countries for Electric Water Heaters, Instantaneous or Storage, Heating Electric Immersion Heaters were United States (US$10B), Germany (US$4.98B), and France (US$2.77B).