Support Activities for Crop Production
Industry Group (1151)
2024-Q2: $1.33T MX, Gross Domestic Product
DENUE May 2024: 2,150, Economic units
Jan-Jun 2024: US$36.8M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $1.33T MX, 19.4% more than the previous quarter.
According DENUE 2024, Support Activities for Crop Production registered 2,150 economic units. The states with the highest number of economic units were Yucatán (430), Michoacán de Ocampo (176), and Sonora (162).
According to data from the Economic Census 2019, total gross production was $8.22B MX. The states with the highest total gross production were Sonora ($2.98B MX) and Chihuahua ($1.26B MX).
For its part, total income reached $8.53B MX in 2019, being the states with the highest income Sonora ($3.12B MX) and Chihuahua ($1.32B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Support Activities for Crop Production the states with the highest affinity were Chihuahua (0.75), Sonora (0.74), Nuevo León (0.7), Coahuila de Zaragoza (0.69), and Baja California (0.68).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $1.33T MX
Gross Domestic Product 2023: $1.21T MX
* Data displayed corresponds to the sector Agriculture, Animal Production, Forestry, Fishing and Hunting since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Agriculture, Animal Production, Forestry, Fishing and Hunting recorded a gross domestic product of $1.33T MX, evidencing an increase of 19.4% compared to the previous quarter and an increase of 5.77% 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, 970 economic units were totaled in Support Activities for Crop Production, highlighting Yucatán (213), Sonora (75), and Michoacán de Ocampo (74).
Total gross production was $8.22B MX. The states with the highest total gross production were Sonora ($2.98B MX) and Chihuahua ($1.26B MX).
Total income reached $8.53B MX in 2019, being the states with the highest income Sonora ($3.12B MX) and Chihuahua ($1.32B 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, Support Activities for Crop Production had a total of 1,170 economic units and the municipalities with the highest number of economic units were Akil (618), Ahome (114), and Hermosillo (60)
Total income eached $1.31B MX and the municipalities with the highest income were Torreón ($251M MX), Ahome ($218M MX), and San Salvador Huixcolotla ($145M MX).
Total expenditures were $3.64B MX and the municipalities with the highest expenditures were La Paz ($2.91B MX), Ahome ($141M MX), and Torreón ($117M MX).
On the other hand, in 2014 there were 7767 employees dependent on economic units and the municipalities with the highest number of employees were Akil (1.47k), Ahome (1.11k), and Ensenada (762).
* 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 Support Activities for Crop Production according to the number of employees.
According to DENUE data published in May 2024, 1,590 companies with 0 to 10 employees were registered (796 companies more than the previous period). In the same period, 396 companies with 11 to 50 employees were registered (198 companies more than the previous period).
78 companies with 51 to 100 employees were registered in 2024 (36 companies more than the previous period). Likewise, 86 companies with more than 101 employees were registered (43 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$36.8M, FDI Jan-Jun 2024
- US$204M, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Support Activities for Crop Production was US$36.8M, distributed in inter-company debts (Confidential), reinvestment of earnings (Confidential), and equity Capital (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Support Activities for Crop Production was US$204M, distributed in inter-company debts (US$101M), equity Capital (US$58.8M), and reinvestment of earnings (US$44.1M).
* 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$56.5M, 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$56.5M), Sinaloa (US$50.3M), and Baja California (US$47M).
* 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: United States, US$104M
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 Switzerland (Confidential), Canada (Confidential), and United States (Confidential).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Support Activities for Crop Production according to Relatedness were Nuevo León (0.7), Querétaro (0.6), and Aguascalientes (0.54). 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).