Wood Product Manufacturing
Subsector (321)
2024-Q2: $6.58T MX, Gross Domestic Product
Jan-Jun 2024: US$8.63M, 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
* Data displayed corresponds to the sector Manufacturing since the information at lower levels of disaggregation is not available.
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.
* 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, 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).
* 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, 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).
* 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 Wood Product Manufacturing 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$8.63M, FDI Jan-Jun 2024
- US$337M, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Wood Product Manufacturing was US$8.63M, distributed in inter-company debts (US$5.3M), reinvestment of earnings (Confidential), and equity Capital (US$0).
Since January 1999 to June 2024, the accumulated amount of FDI in Wood Product Manufacturing was US$337M, distributed in equity Capital (US$231M), reinvestment of earnings (US$78.6M), and inter-company debts (US$27.8M).
* 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$67.6M, Durango 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 Durango (US$67.6M), Michoacán de Ocampo (US$50.8M), and Tamaulipas (US$42.2M).
* 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: Chile, US$293M
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 Chile (Confidential) and United States (US$424k).
* 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 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 7.66% units with up to 10 people, 19.8% units with 11 to 50 people, 45.2% units with 51 to 250 people, and 72.2% units with 251 and more people.
According to the age of the economic units, the distribution of those that obtained financing was 9.71% of the recently created (up to 2 years) units, 9.02% of the youth (3 to 5 years) units, 7.89% of the adults (6 to 10 years) units, and 7.14% of the seniors (over 10 years) units.
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 sectionInternet Usage by State
#permalink to sectionThe visualization shows the percentage distribution of the economic units in the Wood Product Manufacturing subsector that had internet services.
According to data from the Economic Census 2019, the states with the highest percentage of economic units that had internet services were Baja California (23%), Nuevo León (22.7%), Baja California Sur (21.1%), Chihuahua (19%), and Durango (17.4%).
Availability of Internet Service and Computing
#permalink to sectionThe visualization shows the distribution of companies that had internet services or computer services according to the size or age of the economic units, depending on the options selected in the upper buttons.
According to data from the Economic Census 2019, the Wood Product Manufacturing subsector had 7.36% of economic units that had internet services and 8.17% of economic units that had computer services. The disaggregation by size or age of the units can be analyzed in the visualization.
Internet Use in Companies
#permalink to sectionThe visualization shows where the economic units are concentrated depending on the use they make of the internet, according to the size or age of the company.
According to the size of the company, the economic units of 51 to 250 people that use the internet in banking and financial operations (94.8%) stand out in percentage terms.
According to the age of the company, youth (3 to 5 years) economic units that use the internet for search information for goods or services (77.9%) stand out.
Business 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 high costs of raw materials (22%), another problems (18.5%), public insecurity (12.7%), and high taxes (10.2%).
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.