Chemical Manufacturing
Subsector (325)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Jun 2024: US$874M, 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 $986B MX. The states with the highest total gross production were Estado de México ($186B MX) and Ciudad de México ($121B MX).
For its part, total income reached $1.02T MX in 2019, being the states with the highest income Estado de México ($194B MX) and Ciudad de México ($128B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Chemical Manufacturing the states with the highest affinity were Querétaro (0.78), Nuevo León (0.7), Sonora (0.69), Jalisco (0.66), and Chihuahua (0.65).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $6.58T MX
Gross Domestic Product 2023: $6.37T MX
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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.
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Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 5,417 economic units were totaled in Chemical Manufacturing, highlighting Estado de México (854), Ciudad de México (714), and Jalisco (611).
Total gross production was $986B MX. The states with the highest total gross production were Estado de México ($186B MX) and Ciudad de México ($121B MX).
Total income reached $1.02T MX in 2019, being the states with the highest income Estado de México ($194B MX) and Ciudad de México ($128B MX).
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Chemical Manufacturing 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$874M, FDI Jan-Jun 2024
- US$48.8B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Chemical Manufacturing was US$874M, distributed in reinvestment of earnings (US$1.16B), equity Capital (Confidential), and inter-company debts (-US$286M).
Since January 1999 to June 2024, the accumulated amount of FDI in Chemical Manufacturing was US$48.8B, distributed in reinvestment of earnings (US$23.8B), equity Capital (US$22.4B), and inter-company debts (US$2.58B).
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Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$16.2B, Mexico City 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 Mexico City (US$16.2B), Estado de México (US$11.4B), and Veracruz de Ignacio de la Llave (US$4B).
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Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: United States, US$25.8B
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 United States (US$472M), Germany (US$206M), and Switzerland (US$162M).
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Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Chemical Manufacturing were Jalisco (1.6), Ciudad de México (1.51), and Estado de México (1.23). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.
The states with the highest degree of development opportunity in Chemical Manufacturing according to Relatedness were Sonora (0.69), Chihuahua (0.65), and Baja California (0.64). 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).
Financing
#permalink to sectionAccess to Financing
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was N/A.
According to the age of the economic units, the distribution of those that obtained financing was N/A.
The states with the highest percentage of economic units that received financing were Chihuahua (30.3%), San Luis Potosí (27.5%), Tamaulipas (27.5%), Tabasco (26.2%), and Jalisco (25.4%).
Sources and Uses of Financing
#permalink to sectionThe visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
Access to Bank Account and Credit
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had a bank account was N/A.
The states with the highest percentage of economic units that had a bank account were N/A.
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
Reasons for not Having Credit or Bank Account
#permalink to sectionThe visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
Information Technologies
#permalink to sectionInternet Usage by State
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Chemical Manufacturing subsector that had internet services.
According to data from the Economic Census 2019, the states with the highest percentage of economic units that had internet services were Campeche (88.9%), Querétaro (80.8%), Durango (79.3%), Ciudad de México (75.8%), and Nuevo León (72.2%).
Availability of Internet Service and Computing
#permalink to sectionThe visualization shows the distribution of companies that had internet services or computer services according to the size or age of the economic units, depending on the options selected in the upper buttons.
According to data from the Economic Census 2019, the Chemical Manufacturing subsector had 59.5% of economic units that had internet services and 61.4% of economic units that had computer services. The disaggregation by size or age of the units can be analyzed in the visualization.
Internet Use in Companies
#permalink to sectionThe visualization shows where the economic units are concentrated depending on the use they make of the internet, according to the size or age of the company.
According to the size of the company, the economic units of 251 and more people that use the internet in search information for goods or services (94.9%) stand out in percentage terms.
According to the age of the company, seniors (over 10 years) economic units that use the internet for search information for goods or services (86.5%) stand out.
Business Management
#permalink to sectionInternet Purchases and Sales
#permalink to sectionThe visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached $154B MX and purchases were $120B MX. On the other hand, sales made in monetary transactions were $1.01T MX and purchases reached $761B MX.
Problems faced by economic units
#permalink to sectionThe chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Chemical Manufacturing with up to 10 workers are public insecurity (21.8%), another problems (18.7%), high costs of raw materials (14.5%), and high taxes (9.85%).
Accounting System
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 70.1% units with up to 10 people, 96.2% units with 11 to 50 people, 95.2% units with 51 to 250 people, and 94.4% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Querétaro (91.7%), Nuevo León (91.3%), Tamaulipas (91.3%), Chihuahua (91%), and Baja California (89.7%).
Expenditure and Income Control Mechanisms
#permalink to sectionThe chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
According to data from the Economic Census 2019, the main expenses and income control mechanisms were accounting system developed by third parties (45.3%) in companies with up to 10 people, internally developed accounting system (39.8%) in companies with 11 to 50 people, internally developed accounting system (74.1%) in companies with 51 to 250 people, and internally developed accounting system (84.6%) in companies with 251 and more people.
Monetary Transactions
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Chemical Manufacturing subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list N/A.
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.