Wood Product Manufacturing
Subsector (321)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Sep 2024: US$131M, 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 $42.2B MX. The states with the highest total gross production were Durango ($6.15B MX) and Nuevo León ($5.81B MX).
For its part, total income reached $42.9B MX in 2019, being the states with the highest income Durango ($6.44B MX) and Nuevo León ($5.89B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Wood Product Manufacturing the states with the highest affinity were Sonora (0.74), Chihuahua (0.66), Querétaro (0.65), Colima (0.64), and San Luis Potosí (0.64).
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, 33,191 economic units were totaled in Wood Product Manufacturing, highlighting Michoacán de Ocampo (3,840), Estado de México (3,114), and Puebla (2,959).
Total gross production was $42.2B MX. The states with the highest total gross production were Durango ($6.15B MX) and Nuevo León ($5.81B MX).
Total income reached $42.9B MX in 2019, being the states with the highest income Durango ($6.44B MX) and Nuevo León ($5.89B MX).
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Production Indicators by Municipality
#permalink to sectionAccording to dato from Economic Census 2014, Wood Product Manufacturing had a total of 63,852 economic units and the municipalities with the highest number of economic units were Ajalpan (1.64k), Tzintzuntzan (1.3k), and Uruapan (978)
Total income eached $54B MX and the municipalities with the highest income were Durango ($8.22B MX), Hidalgo del Parral ($2.8B MX), and Tijuana ($2.25B MX).
Total expenditures were $39.1B MX and the municipalities with the highest expenditures were Durango ($7.11B MX), Hidalgo del Parral ($2.41B MX), and Chihuahua ($1.61B MX).
On the other hand, in 2014 there were 209748 employees dependent on economic units and the municipalities with the highest number of employees were Durango (10.6k), Tijuana (5.7k), and Madera (5.7k).
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Wood Product Manufacturing according to the number of employees.
According to DENUE data published in November 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$131M, FDI Jan-Sep 2024
- US$460M, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Wood Product Manufacturing was US$131M, distributed in inter-company debts (US$105M), reinvestment of earnings (US$26.9M), and equity Capital (Confidential).
Since January 1999 to September 2024, the accumulated amount of FDI in Wood Product Manufacturing was US$460M, distributed in equity Capital (US$231M), inter-company debts (US$127M), and reinvestment of earnings (US$102M).
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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$155M, Durango 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 Durango (US$155M), Michoacán de Ocampo (US$60M), and Jalisco (US$44.6M).
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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: Chile, US$415M
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 Chile (US$130M) and United States (US$1.57M).
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Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Wood Product Manufacturing were Michoacán de Ocampo (2.43), Oaxaca (1.64), and Zacatecas (1.5). 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 Wood Product Manufacturing according to Relatedness were Sonora (0.74), Chihuahua (0.66), and Colima (0.64). 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).
Financing
#permalink to sectionAccess to Financing
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units according to size that had access to financing was N/A.
According to the age of the economic units, the distribution of those that obtained financing was N/A.
The states with the highest percentage of economic units that received financing were Durango (12.2%), Nayarit (11.9%), Guanajuato (11.5%), Chihuahua (10.5%), and Nuevo León (10.3%).
Sources and Uses of Financing
#permalink to sectionThe visualization shows the percentage of economic units according to size or age according to the sources of financing or the uses they gave to the financing received.
In the chart, each level corresponds to a size or age of the company depending on the option selected in the upper button. The darker the box, the higher the percentage of economic units that are in that category.
Access to Bank Account and Credit
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had a bank account was 8.31% units with up to 10 people, 70% units with 11 to 50 people, 91.1% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had a bank account were Baja California Sur (34.4%), Nuevo León (31.6%), Chihuahua (31.3%), Baja California (30.6%), and Durango (26.5%).
The same information can be viewed for the economic units that had bank credit by changing the option selected in the upper button.
Reasons for not Having Credit or Bank Account
#permalink to sectionThe visualization shows the percentage of economic units classified by size according to reasons for not having a bank account or credit.
In the chart, each level corresponds to a company size, the darker the box, the greater the percentage of economic units that are in that category. The categories represent the reasons why the companies did not have a bank account or credit, depending on the option selected in the upper button.
Information Technologies
#permalink to sectionBusiness Management
#permalink to sectionInternet Purchases and Sales
#permalink to sectionThe visualization shows the distribution of purchases and sales over the Internet and the distribution of monetary transactions according to the medium used in the transaction and the size of the companies.
According to data from the 2019 Economic Census, internet sales reached $9.14B MX and purchases were $8.24B MX. On the other hand, sales made in monetary transactions were $43B MX and purchases reached $28.2B MX.
Problems faced by economic units
#permalink to sectionThe chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units of Wood Product Manufacturing with up to 10 workers are N/A.
Accounting System
#permalink to sectionAccording to data from the Economic Census 2019, the distribution of economic units that had an accounting system was 38.6% units with up to 10 people, 93% units with 11 to 50 people, 100% units with 51 to 250 people, and 100% units with 251 and more people.
The states with the highest percentage of economic units that had an accounting system were Chihuahua (70.6%), Baja California (62.3%), Nuevo León (62.1%), Baja California Sur (60.3%), and Jalisco (60.3%).
Expenditure and Income Control Mechanisms
#permalink to sectionThe chart shows the percentage of companies by size that used different mechanisms to control expenses and income in their operations.
According to data from the Economic Census 2019, the main expenses and income control mechanisms were accounting system developed by third parties (68.5%) in companies with up to 10 people, external accounting system (50.1%) in companies with 11 to 50 people, internally developed accounting system (58.9%) in companies with 51 to 250 people, and internally developed accounting system (83.3%) in companies with 251 and more people.
Monetary Transactions
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Wood Product Manufacturing subsector according to the amount of income from the supply of goods and services.
According to data from the Economic Census 2019, the states with the highest income from the supply of goods and services were list Durango ($6.38B MX),Nuevo León ($5.86B MX),Chihuahua ($4.46B MX),Jalisco ($3.3B MX),Estado de México ($3.05B MX).
With the upper selector it is possible to see the distribution of expenses for consumption of goods and services, in addition to the amounts of purchases or sales over the internet.
Science, Innovation and Technology
#permalink to sectionInnovation in Large Companies in Recent Years
#permalink to sectionThe visualizations shows the percentage distribution of the large economic units of the private and parastatal sector of Wood Product Manufacturing with innovation activities in at least one year between 2016 and 2018.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units with innovation activities in 2016, 2017 or 2018 were Nayarit (100%), Veracruz de Ignacio de la Llave (50%), Yucatán (50%), Querétaro (38.5%), and Coahuila de Zaragoza (25%).
Innovation Activities in 2018
#permalink to sectionAccording to data from the Economic Census 2019, 11.5% of the large economic units of the private and parastatal sector of Wood Product Manufacturing had innovation activities in 2018.
Of the total staff employed in large economic units, 9.73% was employed in product innovation activities, 4.79% in process innovation, 0.78% in market innovation, 1.63% in organizational innovation, and 1.04% in innovation for technological adaptation and documentation.
Qualified staff in Innovation Activities
#permalink to sectionThe visualization shows the distribution of large economic units of the private and parastatal sector of Wood Product Manufacturing that employed qualified staff in technological research and development activities in 2016, 2017 and 2018.
According to data from the Economic Census 2019, the lowercase Wood Product Manufacturing Subsector had 19 economic units that had qualified staff in technological research and development activities, 6 economic units had it for research and technological development in the field of Biotechnology and 4 economic units for research and technological development in Nanotechnology.
In the same year, 5 economic units had qualified personnel in the registration or processing of patents for brands, products or processes, and 0 economic units had this type of staff to contracts or acquisition of patents for brands, products or processes.