Basic Industry of Iron and Steel
Industry Group (3311)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Jun 2024: US$648M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $6.58T MX, 5.06% more than the previous quarter.
According to data from the Economic Census 2019, total gross production was $66.4B MX. The states with the highest total gross production were Veracruz de Ignacio de la Llave ($45.4B MX) and Nuevo León ($21B MX).
For its part, total income reached $68.4B MX in 2019, being the states with the highest income Veracruz de Ignacio de la Llave ($46.1B MX) and Nuevo León ($22.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Basic Industry of Iron and Steel the states with the highest affinity were Nuevo León (0.73), Coahuila de Zaragoza (0.68), Chihuahua (0.67), Querétaro (0.67), and Baja California (0.64).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $6.58T MX
Gross Domestic Product 2023: $6.37T MX
* Data displayed corresponds to the sector Manufacturing since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Manufacturing recorded a gross domestic product of $6.58T MX, evidencing an increase of 5.06% compared to the previous quarter and an increase of 2.27% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 25 economic units were totaled in Basic Industry of Iron and Steel, highlighting Veracruz de Ignacio de la Llave (5), Nuevo León (4), and Guanajuato (2).
Total gross production was $66.4B MX. The states with the highest total gross production were Veracruz de Ignacio de la Llave ($45.4B MX) and Nuevo León ($21B MX).
Total income reached $68.4B MX in 2019, being the states with the highest income Veracruz de Ignacio de la Llave ($46.1B MX) and Nuevo León ($22.3B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
Production Indicators by Municipality
#permalink to sectionAccording to dato from Economic Census 2014, Basic Industry of Iron and Steel had a total of 27 economic units and the municipalities with the highest number of economic units were Guadalajara (9), Lázaro Cárdenas (9), and Pánuco (9)
Total income eached $135B MX and the municipalities with the highest income were Lázaro Cárdenas ($116B MX), Pánuco ($10.3B MX), and Guadalajara ($8.66B MX).
Total expenditures were $113B MX and the municipalities with the highest expenditures were Lázaro Cárdenas ($101B MX), Guadalajara ($6.23B MX), and Pánuco ($5.33B MX).
On the other hand, in 2014 there were 2007 employees dependent on economic units and the municipalities with the highest number of employees were Pánuco (1.99k), Guadalajara (15), and Lázaro Cárdenas (0).
* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.
Economic Units
#permalink to sectionThe visualization shows the number of economic units in Basic Industry of Iron and Steel according to the number of employees.
According to DENUE data published in May 2024, 0 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 0 companies with 11 to 50 employees were registered (equal number of companies as the previous period).
0 companies with 51 to 100 employees were registered in 2024 (equal number of companies as the previous period). Likewise, 0 companies with more than 101 employees were registered (equal number of companies as the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$648M, FDI Jan-Jun 2024
- US$20.3B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Basic Industry of Iron and Steel was US$648M, distributed in reinvestment of earnings (US$671M), equity Capital (US$0), and inter-company debts (-US$23.1M).
Since January 1999 to June 2024, the accumulated amount of FDI in Basic Industry of Iron and Steel was US$20.3B, distributed in reinvestment of earnings (US$10.8B), equity Capital (US$8.14B), and inter-company debts (US$1.44B).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$10.4B, Nuevo León is the main receiving state
No FDI is recorded in the period January to June, 2024
Historically (from January 1999 to June2024) the states that have received the highest FDI are Nuevo León (US$10.4B), Michoacán de Ocampo (US$3.87B), and Veracruz de Ignacio de la Llave (US$1.56B).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: Argentina, US$13.1B
No FDI is recorded in the period January to June of 2024.
Historically (from January 1999 to June de 2024) the countries that contributed the most to FDI were Argentina (US$547M), Brazil (Confidential), and South Korea (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Basic Industry of Iron and Steel according to Relatedness were Chihuahua (0.67), Sonora (0.63), and Jalisco (0.56). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).