Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances

Código 8423 (Harmonized System 2012 by 4 digits)

 2020: US$175M, Total Trade Exchange

2020: US$80M, International Sales

  2020: US$95.1M, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances was US$175M.

In 2020, the states with the most international sales in Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were Chihuahua (US$72M), Jalisco (US$2.35M), Nuevo León (US$1.82M), Michoacán de Ocampo (US$741k), and Estado de México (US$668k).

The states with the most international purchases in 2020 were Ciudad de México (US$29.4M), Chihuahua (US$17.7M), Nuevo León (US$12.2M), Estado de México (US$12M), and Jalisco (US$7.23M).

In 2020, the main commercial destinations of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were United States (US$75.8M), South Africa (US$915k), Canada (US$454k), Italy (US$385k), and Colombia (US$301k).

The main commercial origins of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances in 2020 were United States (US$29.4M), China (US$27.5M), Japan (US$10.8M), Germany (US$7.54M), and Spain (US$7.38M).

In the global context, the main exporting countries of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances in 2019 were China (US$1.47B), Germany (US$643M), and Japan (US$327M). In the same year, the main importing countries of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were United States (US$690M), Germany (US$252M), and Netherlands (US$180M).

Trade Balance of Mexico

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Net Trade Balance

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US$175M, Total Trade Exchange (2020)

In 2020, the total trade exchange of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances in Mexico (including international purchases and sales) was US$175M.

The visualizations show the net balance of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances 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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October, 2021

  • US$10.3M, International Purchases
  • US$6.75M, International Sales

In October 2021, international sales of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were US$6.75M, while international purchases reached US$10.3M. The above results in a trade balance of -US$3.52M.

Market Concentration

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2021-Q4: US$6.63M, International Sales

The visualization shows the quarterly concentration of international sales of Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances at state level.

In the fourth quarter of 2021, international sales were US$6.63M, being the states with the most sales Chihuahua (US$6.27M), Nuevo León (US$135k), and Estado de México (US$110k).

Exchange by Territory

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International Sales

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Chihuahua: US$72M, State with the Most International Sales (2020)

United States: US$75.8M, Main commercial destination (2020)

In 2020, the states with the highest international sales in Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were Chihuahua (US$72M), Jalisco (US$2.35M), Nuevo León (US$1.82M), Michoacán de Ocampo (US$741k), and Estado de México (US$668k).

In 2020, the countries with the most international purchases from Mexico were United States (US$75.8M), South Africa (US$915k), Canada (US$454k), Italy (US$385k), and Colombia (US$301k).

International Purchases

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Ciudad de México: US$29.4M, State with the Most International Purchases (2020)

United States: US$29.4M, Main Commercial Origin (2020)

In 2020, the states with the highest international in Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were Ciudad de México (US$29.4M), Chihuahua (US$17.7M), Nuevo León (US$12.2M), Estado de México (US$12M), and Jalisco (US$7.23M).

The countries with the most international sales to Mexico in 2020 were United States (US$29.4M), China (US$27.5M), Japan (US$10.8M), Germany (US$7.54M), and Spain (US$7.38M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances. 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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  • 2.29%, Mexican share in global exports - 2019
  • 2.67%, Mexican share in global imports - 2019

The visualizations show the global market for Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances. 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 Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were China (US$1.47B), Germany (US$643M), and Japan (US$327M). In the same year, the main importing countries for Weighing Apparatus and Instruments, Including Scales Counting or Checking Manufactured Parts, Excluding Balances of a Sensitivity Exceeding 5 Cg Weight; Weights for all Kinds of Scales or Balances were United States (US$690M), Germany (US$252M), and Netherlands (US$180M).