Hardware Manufacturing
Industry Group (3325)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Sep 2024: US$9M, 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 $20.8B MX. The states with the highest total gross production were Puebla ($5.47B MX) and Jalisco ($2.87B MX).
For its part, total income reached $21.8B MX in 2019, being the states with the highest income Puebla ($5.52B MX) and Jalisco ($3.07B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Hardware Manufacturing the states with the highest affinity were Nuevo León (0.8), Querétaro (0.75), Jalisco (0.69), Chihuahua (0.69), and Baja California (0.67).
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, 241 economic units were totaled in Hardware Manufacturing, highlighting Jalisco (52), Estado de México (52), and Ciudad de México (34).
Total gross production was $20.8B MX. The states with the highest total gross production were Puebla ($5.47B MX) and Jalisco ($2.87B MX).
Total income reached $21.8B MX in 2019, being the states with the highest income Puebla ($5.52B MX) and Jalisco ($3.07B 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, Hardware Manufacturing had a total of 513 economic units and the municipalities with the highest number of economic units were Guadalajara (111), León (78), and Gustavo A. Madero (48)
Total income eached $7.16B MX and the municipalities with the highest income were Gustavo A. Madero ($2.4B MX), Mexicali ($1.37B MX), and San Pedro Tlaquepaque ($1.36B MX).
Total expenditures were $5.68B MX and the municipalities with the highest expenditures were Gustavo A. Madero ($2.19B MX), San Pedro Tlaquepaque ($1.5B MX), and Mexicali ($696M MX).
On the other hand, in 2014 there were 9288 employees dependent on economic units and the municipalities with the highest number of employees were Mexicali (3.24k), Gustavo A. Madero (2.03k), and León (1.16k).
* 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 Hardware Manufacturing according to the number of employees.
According to DENUE data published in November 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$9M, FDI Jan-Sep 2024
- US$518M, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Hardware Manufacturing was US$9M, distributed in reinvestment of earnings (US$9.81M), equity Capital (US$0), and inter-company debts (-US$816k).
Since January 1999 to September 2024, the accumulated amount of FDI in Hardware Manufacturing was US$518M, distributed in equity Capital (US$187M), inter-company debts (US$180M), and reinvestment of earnings (US$151M).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Sep 2024: US$0
Period Jan-1999 to Sep-2024: US$119M, Sonora is the main receiving state
No FDI is recorded in the period January to September, 2024
Historically (from January 1999 to September2024) the states that have received the highest FDI are Sonora (US$119M), Baja California (US$105M), and Estado de México (US$70.2M).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Sep 2024: ---, US$0
Main investing country between Jan-1999 and Sep-2024: United States, US$151M
No FDI is recorded in the period January to September of 2024.
Historically (from January 1999 to September de 2024) the countries that contributed the most to FDI were United States (US$4.78M), Ireland (Confidential), and Germany (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Hardware Manufacturing according to Relatedness were Coahuila de Zaragoza (0.64), Aguascalientes (0.59), and Sonora (0.57). 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).