ProceduresGovernment

Support Activities for Water Transportation

Industry Group (4883)

 2024-Q1: $2.41T MX, Gross Domestic Product

DENUE May 2024: 353, Economic units

Jan-Mar 2024: US$170M, Foreign Direct Investment

In the first quarter of 2024 the gross domestic product was $2.41T MX, 1.75% more than the previous quarter.

According DENUE 2024, Support Activities for Water Transportation registered 353 economic units. The states with the highest number of economic units were Veracruz de Ignacio de la Llave (50), Tamaulipas (38), and Campeche (37).

According to data from the Economic Census 2019, total gross production was $12.2B MX. The states with the highest total gross production were Veracruz de Ignacio de la Llave ($3.94B MX) and Colima ($1.76B MX).

For its part, total income reached $12.7B MX in 2019, being the states with the highest income Veracruz de Ignacio de la Llave ($4.02B MX) and Colima ($1.84B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Support Activities for Water Transportation the states with the highest affinity were Sonora (0.74), Chihuahua (0.72), Nuevo León (0.7), Baja California (0.69), and Coahuila de Zaragoza (0.67).

Gross Domestic Product

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Gross domestic product 2024-Q1: $2.41T MX

Gross Domestic Product 2023: $2.3T MX

* Data displayed corresponds to the sector Transportation and Warehousing since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Transportation and Warehousing recorded a gross domestic product of $2.41T MX, evidencing an increase of 1.75% compared to the previous quarter and an increase of 10.4% 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,  292 economic units were totaled in Support Activities for Water Transportation, highlighting Veracruz de Ignacio de la Llave (34), Colima (31), and Tamaulipas (29).

Total gross production was $12.2B MX. The states with the highest total gross production were Veracruz de Ignacio de la Llave ($3.94B MX) and Colima ($1.76B MX).

Total income reached $12.7B MX in 2019, being the states with the highest income Veracruz de Ignacio de la Llave ($4.02B MX) and Colima ($1.84B 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, Support Activities for Water Transportation had a total of 480 economic units and the municipalities with the highest number of economic units were Manzanillo (60), Carmen (48), and Veracruz (48)

Total income eached $32.3B MX and the municipalities with the highest income were Carmen ($11.5B MX), Veracruz ($11.2B MX), and Manzanillo ($3.63B MX).

Total expenditures were $17B MX and the municipalities with the highest expenditures were Carmen ($7.24B MX), Veracruz ($5.29B MX), and Manzanillo ($2.47B MX).

On the other hand, in 2014 there were 47919 employees dependent on economic units and the municipalities with the highest number of employees were Carmen (19.2k), Veracruz (7.73k), and Guaymas (4.7k).

* 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

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The visualization shows the number of economic units in Support Activities for Water Transportation according to the number of employees.

According to DENUE data published in May 2024, 164 companies with 0 to 10 employees were registered (1 companies more than the previous period). In the same period, 97 companies with 11 to 50 employees were registered (equal number of companies as the previous period).

46 companies with 51 to 100 employees were registered in 2024 (1 companies less than the previous period). Likewise, 46 companies with more than 101 employees were registered (equal number of companies as the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$170M, FDI Jan-Mar 2024
  • US$2.3B, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Support Activities for Water Transportation was US$170M, distributed in reinvestment of earnings (US$191M), equity Capital (US$0), and inter-company debts (-US$21M).

Since January 1999 to March 2024, the accumulated amount of FDI in Support Activities for Water Transportation was US$2.3B, distributed in reinvestment of earnings (US$1.13B), equity Capital (US$958M), and inter-company debts (US$217M).

* 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$1.18B, Michoacán de Ocampo 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 Michoacán de Ocampo (US$1.18B), Veracruz de Ignacio de la Llave (US$394M), and Baja California (US$223M).

* 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: Hong Kong, US$1.24B

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 Hong Kong (US$110M), Denmark (Confidential), and Norway (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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The states with the highest degree of development opportunity in Support Activities for Water Transportation according to Relatedness were Chihuahua (0.72), Nuevo León (0.7), and Coahuila de Zaragoza (0.67). 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).