Industry Group (4682)
2024-Q2: $3.43T MX, Gross Domestic Product
DENUE May 2024: 55,266, Economic units
Jan-Jun 2024: US$2.67M, Foreign Direct Investment
2024-Q2 : $8.05k MX, Average Monthly Salary
2024-Q2 : 8.72k, Workforce
2024-Q2 : 3.58%, Female Workforce
2024-Q2: 43, Average Age
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 Spare Parts for Cars and Trucks registered 55,266 economic units. The states with the highest number of economic units were Estado de México (6,891), Ciudad de México (5,479), and Jalisco (4,483).
According to data from the Economic Census 2019, total gross production was $89.7B MX. The states with the highest total gross production were Ciudad de México ($8.9B MX) and Jalisco ($8.46B MX).
For its part, total income reached $224B MX in 2019, being the states with the highest income Jalisco ($21.8B MX) and Ciudad de México ($21.3B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Spare Parts for Cars and Trucks the states with the highest affinity were Chihuahua (0.76), Nuevo León (0.76), Coahuila de Zaragoza (0.72), Sonora (0.72), and Baja California (0.7).
During the second quarter of 2024 in Retail Trade of Spare Parts for Cars and Trucks the workforce was 8.72k people, 96.4% men and 3.58% women. In addition, the average monthly salary informed was $8.05k MX.
During the same period, occupations with the highest number of workers in Retail Trade of Spare Parts for Cars and Trucks were Peddlers of Various Items (Excluding Food Sales), Hawkers of Newspapers and Lottery, and Chargers.
At the state level, the occupied population of Retail Trade of Spare Parts for Cars and Trucks was concentrated in List Estado de México,Coahuila de Zaragoza,Sonora.
The average age of workers in Retail Trade of Spare Parts for Cars and Trucks in the second quarter of 2024 was 43 years. In the same period, the average schooling of the workforce of Retail Trade of Spare Parts for Cars and Trucks, was 8.87 years.
Average Monthly Salary 2024-Q2: $8.05k MX
Working population 2024-Q2: 8.72k
In the second quarter of 2024, the workforce in Retail Trade of Spare Parts for Cars and Trucks it was of 8.72k people, 96.4% men with a reported average monthly salary of $7.39k MX and 3.58% women with a salary of $25.8k MX.
Of the total employed population, 1.05% of the total workforce were formal workers with an average monthly salary of $0 MX, while he 98.9% corresponds to informal workers with an average salary of $8.13k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Peddlers of Various Items (Excluding Food Sales), Hawkers of Newspapers and Lottery, and Chargers.
At the state level, the workforce of Retail Trade of Spare Parts for Cars and Trucks was concentrated on Estado de México, Coahuila de Zaragoza, and Sonora.
Gross 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.
According to data from the Economic Census 2019, 52,064 economic units were totaled in Retail Trade of Spare Parts for Cars and Trucks, highlighting Estado de México (6,516), Ciudad de México (5,318), and Jalisco (4,289).
Total gross production was $89.7B MX. The states with the highest total gross production were Ciudad de México ($8.9B MX) and Jalisco ($8.46B MX).
Total income reached $224B MX in 2019, being the states with the highest income Jalisco ($21.8B MX) and Ciudad de México ($21.3B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
According to dato from Economic Census 2014, Retail Trade of Spare Parts for Cars and Trucks had a total of 136,374 economic units and the municipalities with the highest number of economic units were Guadalajara (4.63k), Cuauhtémoc (3.7k), and Iztapalapa (3.54k)
Total income eached $344B MX and the municipalities with the highest income were Guadalajara ($16.5B MX), San Luis Potosí ($11.7B MX), and Puebla ($11.5B MX).
Total expenditures were $301B MX and the municipalities with the highest expenditures were Guadalajara ($14.7B MX), Puebla ($10.6B MX), and San Luis Potosí ($10.5B MX).
On the other hand, in 2014 there were 461154 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (23.4k), Monterrey (13k), and Cuauhtémoc (11.7k).
* 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.
The visualization shows the number of economic units in Retail Trade of Spare Parts for Cars and Trucks according to the number of employees.
According to DENUE data published in May 2024, 52,301 companies with 0 to 10 employees were registered (125 companies less than the previous period). In the same period, 2,737 companies with 11 to 50 employees were registered (183 companies more than the previous period).
150 companies with 51 to 100 employees were registered in 2024 (2 companies more than the previous period). Likewise, 78 companies with more than 101 employees were registered (3 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Retail Trade of Spare Parts for Cars and Trucks was US$2.67M, distributed in reinvestment of earnings (Confidential), inter-company debts (Confidential), and equity Capital (Confidential).
Since January 1999 to June 2024, the accumulated amount of FDI in Retail Trade of Spare Parts for Cars and Trucks was US$105M, distributed in equity Capital (US$62.5M), reinvestment of earnings (US$26.4M), and inter-company debts (US$16.5M).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$47.3M, 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$47.3M), Estado de México (US$13.7M), and Puebla (US$10.5M).
* Information download does not contain confidential data.
Periodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: Spain, US$37.6M
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 South Korea (Confidential), Colombia (Confidential), and Argentina (Confidential).
* Information download does not contain confidential data.
As of May 2021, the states with the highest degree of specialization in Retail Trade of Spare Parts for Cars and Trucks were Chihuahua (1.53), Baja California (1.42), and Tamaulipas (1.36). 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 Spare Parts for Cars and Trucks according to Relatedness were San Luis Potosí (0.55), Campeche (0.45), and Quintana Roo (0.42). 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).
Average Age 2024-Q2: 43
Average Years of Schooling 2024-Q2: 8.87
The visualization shows the workforce of Retail Trade of Spare Parts for Cars and Trucks by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Retail Trade of Spare Parts for Cars and Trucks the average age for women was 33 years and the average schooling was 2 years.
The average age of men in the Retail Trade of Spare Parts for Cars and Trucks workforce was 43.4 years, while the average schooling was 9.13 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".