ProceduresGovernment

Retail Trade of Hardware and Glassware

Industry Group (4671)

 2024-Q1: $3.21T MX, Gross Domestic Product

DENUE November 2023: 138,652, Economic units

Jan-Mar 2024: US$0, Foreign Direct Investment

2023-Q4 : $4.8k MX, Average Monthly Salary

2023-Q4 : 1.09M, Workforce

2023-Q4 : 37.9%, Female Workforce

2023-Q4: 40.4, Average Age

In the first quarter of 2024 the gross domestic product was $3.21T MX, 3.12% less than the previous quarter.

According DENUE 2023, Retail Trade of Hardware and Glassware registered 138,652 economic units. The states with the highest number of economic units were Estado de México (27,502), Ciudad de México (13,816), and Jalisco (10,352).

According to data from the Economic Census 2019, total gross production was $127B MX. The states with the highest total gross production were Ciudad de México ($13.7B MX) and Estado de México ($12.9B MX).

For its part, total income reached $368B MX in 2019, being the states with the highest income Ciudad de México ($38.7B MX) and Estado de México ($38.1B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Hardware and Glassware the states with the highest affinity were Querétaro (0.71), Nuevo León (0.68), Jalisco (0.66), Ciudad de México (0.63), and Aguascalientes (0.6).

During the fourth quarter of 2023 in Retail Trade of Hardware and Glassware the workforce was 1.09M people, 62.1% men and 37.9% women. In addition, the average monthly salary informed was $4.8k MX.

During the same period, occupations with the highest number of workers in Retail Trade of Hardware and Glassware were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Truck Drivers, Cargo Vans and Cars.

At the state level, the occupied population of Retail Trade of Hardware and Glassware was concentrated in List Estado de México,Ciudad de México,Jalisco.

The average age of workers in Retail Trade of Hardware and Glassware in the fourth quarter of 2023 was 40.4 years. In the same period, the average schooling of the workforce of Retail Trade of Hardware and Glassware, was 11.2 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $4.8k MX

Working population 2023-Q4: 1.09M

In the fourth quarter of 2023, the workforce in Retail Trade of Hardware and Glassware it was of 1.09M people, 62.1% men with a reported average monthly salary of $5.07k MX and 37.9% women with a salary of $4.36k MX.

Of the total employed population, 56.3% of the total workforce were formal workers with an average monthly salary of $5.74k MX, while he 43.7% corresponds to informal workers with an average salary of $3.6k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2023 the occupations with the highest number of workers were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Truck Drivers, Cargo Vans and Cars.

At the state level, the workforce of Retail Trade of Hardware and Glassware was concentrated on Estado de México, Ciudad de México, and Jalisco.

Gross Domestic Product

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Gross domestic product 2024-Q1: $3.21T 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 first quarter of 2024, Retail Trade recorded a gross domestic product of $3.21T MX, evidencing a drop of 3.12% compared to the previous quarter and an increase of 6.17% 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

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According to data from the Economic Census 2019,  128,576 economic units were totaled in Retail Trade of Hardware and Glassware, highlighting Estado de México (25,949), Ciudad de México (13,275), and Jalisco (9,725).

Total gross production was $127B MX. The states with the highest total gross production were Ciudad de México ($13.7B MX) and Estado de México ($12.9B MX).

Total income reached $368B MX in 2019, being the states with the highest income Ciudad de México ($38.7B MX) and Estado de México ($38.1B 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

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According to dato from Economic Census 2014, Retail Trade of Hardware and Glassware had a total of 322,083 economic units and the municipalities with the highest number of economic units were Ecatepec de Morelos (10k), Iztapalapa (8.05k), and Guadalajara (7.92k)

Total income eached $543B MX and the municipalities with the highest income were Guadalajara ($18.3B MX), Monterrey ($18.3B MX), and Cuauhtémoc ($13.4B MX).

Total expenditures were $428B MX and the municipalities with the highest expenditures were Guadalajara ($14.5B MX), Monterrey ($14.4B MX), and Cuauhtémoc ($11.2B MX).

On the other hand, in 2014 there were 862149 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (24.7k), Ecatepec de Morelos (20k), and Puebla (19.2k).

* 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

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The visualization shows the number of economic units in Retail Trade of Hardware and Glassware according to the number of employees.

According to DENUE data published in November 2023, 134,051 companies with 0 to 10 employees were registered (735 companies more than the previous period). In the same period, 4,083 companies with 11 to 50 employees were registered (152 companies more than the previous period).

258 companies with 51 to 100 employees were registered in 2023 (15 companies more than the previous period). Likewise, 260 companies with more than 101 employees were registered (12 companies more than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$0, FDI Jan-Mar 2024
  • US$121M, FDI Jan-1999 to Mar-2024

In the period january to march 2024, no FDI was registered in Retail Trade of Hardware and Glassware.

Since January 1999 to March 2024, the accumulated amount of FDI in Retail Trade of Hardware and Glassware was US$121M, distributed in inter-company debts (US$82.3M), reinvestment of earnings (US$20.3M), and equity Capital (US$18.4M).

* Confidential data is not shown in the chart (see information icon in the section).

Foreign Direct Investment (FDI) by State

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Period Jan-Mar 2024: US$0

Period Jan-1999 to Mar-2024: US$62M, Mexico City is the main receiving state

No FDI is recorded in the period January to March, 2024

Historically (from January 1999 to March2024) the states that have received the highest FDI are Mexico City (US$62M), Querétaro (US$33.3M), and Estado de México (US$29.9M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Periodo Jan-Mar 2024: ---, US$0

Main investing country between Jan-1999 and Mar-2024: United States, US$124M

No FDI is recorded in the period January to March of 2024.

Historically (from January 1999 to March de 2024) the countries that contributed the most to FDI were United States (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Retail Trade of Hardware and Glassware were Estado de México (1.57), Hidalgo (1.33), and Querétaro (1.24). 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 Hardware and Glassware according to Relatedness were Nuevo León (0.68), Chihuahua (0.57), and Coahuila de Zaragoza (0.56). 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).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2023-Q4: 40.4

Average Years of Schooling 2023-Q4: 11.2

The visualization shows the workforce of Retail Trade of Hardware and Glassware by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Retail Trade of Hardware and Glassware the average age for women was 40.8 years and the average schooling was 11 years.

The average age of men in the Retail Trade of Hardware and Glassware workforce was 40.2 years, while the average schooling was 11.3 years during fourth quarter of 2023.

* The visualization omits the range of schooling "Not Specified".