Manufacture of Iron and Steep Products
Industry Group (3312)
2024-Q2: $6.58T MX, Gross Domestic Product
DENUE May 2025: 714, Economic units
Jan-Sep 2024: US$147M, 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 DENUE 2025, Manufacture of Iron and Steep Products registered 714 economic units. The states with the highest number of economic units were Nuevo León (160), Estado de México (127), and Jalisco (58).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Manufacture of Iron and Steep Products the states with the highest affinity were Nuevo León (0.77), Querétaro (0.72), Chihuahua (0.71), Coahuila de Zaragoza (0.69), and Baja California (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
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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, 572 economic units were totaled in Manufacture of Iron and Steep Products, highlighting Nuevo León (139), Estado de México (89), and Jalisco (51).
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Manufacture of Iron and Steep Products according to the number of employees.
According to DENUE data published in May 2025, 382 companies with 0 to 10 employees were registered (382 companies more than the previous period). In the same period, 158 companies with 11 to 50 employees were registered (158 companies more than the previous period).
48 companies with 51 to 100 employees were registered in 2025 (48 companies more than the previous period). Likewise, 126 companies with more than 101 employees were registered (126 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$147M, FDI Jan-Sep 2024
- US$3.05B, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Manufacture of Iron and Steep Products was US$147M, distributed in reinvestment of earnings (US$81.9M), equity Capital (US$81M), and inter-company debts (-US$15.9M).
Since January 1999 to September 2024, the accumulated amount of FDI in Manufacture of Iron and Steep Products was US$3.05B, distributed in equity Capital (US$1.3B), reinvestment of earnings (US$1.11B), and inter-company debts (US$637M).
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Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Sep 2024: US$0
Period Jan-1999 to Sep-2024: US$577M, Aguascalientes 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 Aguascalientes (US$577M), Nuevo León (US$544M), and Guanajuato (US$364M).
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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$1.63B
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$154M), Panama (Confidential), and Japan (-US$759k).
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Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Manufacture of Iron and Steep Products according to Relatedness were Sonora (0.61), Aguascalientes (0.59), and Ciudad de México (0.58). 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).