Wholesale of Machinery and Equipment for Services and Commercial Activities
Industry Group (4353)
2024-Q2: $3.31T MX, Gross Domestic Product
Jan-Jun 2024: US$32.6M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $3.31T MX, 1.62% more than the previous quarter.
According to data from the Economic Census 2019, total gross production was $66.3B MX. The states with the highest total gross production were Ciudad de México ($28.8B MX) and Nuevo León ($7.73B MX).
For its part, total income reached $207B MX in 2019, being the states with the highest income Ciudad de México ($89.1B MX) and Nuevo León ($26.1B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Wholesale of Machinery and Equipment for Services and Commercial Activities the states with the highest affinity were Nuevo León (0.8), Chihuahua (0.75), Querétaro (0.72), Baja California (0.7), and Coahuila de Zaragoza (0.7).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $3.31T MX
Gross Domestic Product 2023: $3.17T MX
* Data displayed corresponds to the sector Wholesale Trade since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Wholesale Trade recorded a gross domestic product of $3.31T MX, evidencing an increase of 1.62% compared to the previous quarter and an increase of 8.16% 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, 10,324 economic units were totaled in Wholesale of Machinery and Equipment for Services and Commercial Activities, highlighting Ciudad de México (1,961), Estado de México (1,054), and Jalisco (999).
Total gross production was $66.3B MX. The states with the highest total gross production were Ciudad de México ($28.8B MX) and Nuevo León ($7.73B MX).
Total income reached $207B MX in 2019, being the states with the highest income Ciudad de México ($89.1B MX) and Nuevo León ($26.1B 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, Wholesale of Machinery and Equipment for Services and Commercial Activities had a total of 21,978 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (1.65k), Guadalajara (1.62k), and Monterrey (1.2k)
Total income eached $276B MX and the municipalities with the highest income were Benito Juárez ($33.3B MX), Miguel Hidalgo ($28.9B MX), and Cuauhtémoc ($22.6B MX).
Total expenditures were $227B MX and the municipalities with the highest expenditures were Benito Juárez ($26.4B MX), Miguel Hidalgo ($23.8B MX), and Cuauhtémoc ($19.6B MX).
On the other hand, in 2014 there were 160434 employees dependent on economic units and the municipalities with the highest number of employees were Monterrey (13.7k), Cuauhtémoc (12.6k), and Benito Juárez (12.5k).
* 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 Wholesale of Machinery and Equipment for Services and Commercial Activities 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$32.6M, FDI Jan-Jun 2024
- US$1.06B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Wholesale of Machinery and Equipment for Services and Commercial Activities was US$32.6M, distributed in reinvestment of earnings (US$36.9M), equity Capital (Confidential), and inter-company debts (-US$4.29M).
Since January 1999 to June 2024, the accumulated amount of FDI in Wholesale of Machinery and Equipment for Services and Commercial Activities was US$1.06B, distributed in equity Capital (US$442M), inter-company debts (US$358M), and reinvestment of earnings (US$258M).
* 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$582M, 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$582M), Nuevo León (US$144M), and Estado de México (US$96.7M).
* 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: United States, US$554M
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 United States (US$24.3M), United Kingdom (Confidential), and Japan (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 Wholesale of Machinery and Equipment for Services and Commercial Activities were Nuevo León (2.19), Ciudad de México (2.14), and Jalisco (1.39). 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 Wholesale of Machinery and Equipment for Services and Commercial Activities according to Relatedness were Sinaloa (0.54), Baja California Sur (0.51), and San Luis Potosí (0.5). 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).