Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing
Industry Group (3327)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Jun 2024: US$17.5M, 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 $43.3B MX. The states with the highest total gross production were Nuevo León ($12.6B MX) and Guanajuato ($5.29B MX).
For its part, total income reached $44.1B MX in 2019, being the states with the highest income Nuevo León ($13B MX) and Guanajuato ($5.47B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.73), Querétaro (0.71), Coahuila de Zaragoza (0.7), and Sonora (0.66).
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, 8,800 economic units were totaled in Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing, highlighting Nuevo León (1,049), Estado de México (972), and Jalisco (845).
Total gross production was $43.3B MX. The states with the highest total gross production were Nuevo León ($12.6B MX) and Guanajuato ($5.29B MX).
Total income reached $44.1B MX in 2019, being the states with the highest income Nuevo León ($13B MX) and Guanajuato ($5.47B 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, Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing had a total of 24,018 economic units and the municipalities with the highest number of economic units were Guadalajara (1.32k), Monterrey (1.31k), and Querétaro (819)
Total income eached $71.6B MX and the municipalities with the highest income were Monterrey ($7.5B MX), Apodaca ($4.65B MX), and Santa Catarina ($4.07B MX).
Total expenditures were $45.5B MX and the municipalities with the highest expenditures were Monterrey ($5.14B MX), Santa Catarina ($3.6B MX), and Apodaca ($3.11B MX).
On the other hand, in 2014 there were 177072 employees dependent on economic units and the municipalities with the highest number of employees were Monterrey (14.6k), Tijuana (9.84k), and San Nicolás de los Garza (7.1k).
* 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 Machine Shops; Turned Product; and Screw, Nut, and Bolt 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$17.5M, FDI Jan-Jun 2024
- US$624M, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing was US$17.5M, distributed in inter-company debts (US$15.8M), reinvestment of earnings (Confidential), and equity Capital (US$0).
Since January 1999 to June 2024, the accumulated amount of FDI in Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing was US$624M, distributed in equity Capital (US$294M), inter-company debts (US$250M), and reinvestment of earnings (US$79.8M).
* 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$266M, Querétaro 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 Querétaro (US$266M), Guanajuato (US$126M), and Baja California (US$50.7M).
* 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: Germany, US$309M
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 South Korea (Confidential), Germany (Confidential), and United States (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing were Nuevo León (3.6), Jalisco (1.39), and Guanajuato (1.35). 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 Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing according to Relatedness were Baja California (0.66), Ciudad de México (0.58), and Sinaloa (0.52). 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).