Retail Trade of Fuels, Oils and Lubricants
Industry Group (4684)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE November 2024: 32,539, Economic units
Jan-Sep 2024: US$118M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $3.43T MX, 6.92% more than the previous quarter.
According DENUE 2024, Retail Trade of Fuels, Oils and Lubricants registered 32,539 economic units. The states with the highest number of economic units were Estado de México (3,923), Puebla (1,942), and Jalisco (1,774).
According to data from the Economic Census 2019, total gross production was $171B MX. The states with the highest total gross production were Estado de México ($17.7B MX) and Ciudad de México ($13.3B MX).
For its part, total income reached $842B MX in 2019, being the states with the highest income Estado de México ($83.3B MX) and Jalisco ($62.5B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Fuels, Oils and Lubricants the states with the highest affinity were Chihuahua (0.76), Nuevo León (0.74), Coahuila de Zaragoza (0.73), Sonora (0.72), and Baja California (0.69).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $3.43T MX
Gross Domestic Product 2023: $3.17T MX
* Data displayed corresponds to the sector Retail Trade since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Retail Trade recorded a gross domestic product of $3.43T MX, evidencing an increase of 6.92% compared to the previous quarter and an increase of 7.32% 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, 28,054 economic units were totaled in Retail Trade of Fuels, Oils and Lubricants, highlighting Estado de México (3,241), Jalisco (1,638), and Puebla (1,577).
Total gross production was $171B MX. The states with the highest total gross production were Estado de México ($17.7B MX) and Ciudad de México ($13.3B MX).
Total income reached $842B MX in 2019, being the states with the highest income Estado de México ($83.3B MX) and Jalisco ($62.5B 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, Retail Trade of Fuels, Oils and Lubricants had a total of 62,088 economic units and the municipalities with the highest number of economic units were Puebla (1.22k), León (1.06k), and Monterrey (978)
Total income eached $1.51T MX and the municipalities with the highest income were Venustiano Carranza ($41.8B MX), Colón ($35.2B MX), and Tlalnepantla de Baz ($26.9B MX).
Total expenditures were $1.37T MX and the municipalities with the highest expenditures were Venustiano Carranza ($40.6B MX), Colón ($34.6B MX), and Juárez ($24.8B MX).
On the other hand, in 2014 there were 499788 employees dependent on economic units and the municipalities with the highest number of employees were León (10k), Tijuana (9.75k), and Querétaro (9.19k).
* 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 Retail Trade of Fuels, Oils and Lubricants according to the number of employees.
According to DENUE data published in November 2024, 22,298 companies with 0 to 10 employees were registered (1,155 companies more than the previous period). In the same period, 9,638 companies with 11 to 50 employees were registered (160 companies less than the previous period).
395 companies with 51 to 100 employees were registered in 2024 (4 companies more than the previous period). Likewise, 208 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$118M, FDI Jan-Sep 2024
- US$554M, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Retail Trade of Fuels, Oils and Lubricants was US$118M, distributed in inter-company debts (US$76M), reinvestment of earnings (US$41.9M), and equity Capital (US$0).
Since January 1999 to September 2024, the accumulated amount of FDI in Retail Trade of Fuels, Oils and Lubricants was US$554M, distributed in equity Capital (US$234M), inter-company debts (US$211M), and reinvestment of earnings (US$109M).
* 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$416M, Mexico City 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 Mexico City (US$416M), Tamaulipas (US$71.9M), and Puebla (US$26.3M).
* 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$272M
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 France (Confidential), United States (US$35M), and Russia (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 Retail Trade of Fuels, Oils and Lubricants were Chihuahua (2.02), Sonora (1.93), and Durango (1.7). 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 Retail Trade of Fuels, Oils and Lubricants according to Relatedness were Jalisco (0.56), Colima (0.56), and Ciudad de México (0.55). 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).