Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
Industry Group (3334)
2025-Q3: $7.01T MX, Gross Domestic Product
DENUE May 2025: 626, Economic units
Jan-Sep 2024: -US$1.44B, Foreign Direct Investment
In the third quarter of 2025 the gross domestic product was $7.01T MX, 2.42% less than the previous quarter.
According DENUE 2025, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing registered 626 economic units. The states with the highest number of economic units were Nuevo León (109), Chihuahua (73), and Jalisco (70).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing the states with the highest affinity were Nuevo León (0.79), Chihuahua (0.76), Coahuila de Zaragoza (0.71), Baja California (0.71), and Querétaro (0.7).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2025-Q3: $7.01T MX
Gross Domestic Product 2024: $6.75T MX
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In the third quarter of 2025, Manufacturing recorded a gross domestic product of $7.01T MX, evidencing a drop of 2.42% compared to the previous quarter and an increase of 1.29% compared to the same period of the previous year.
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Production Indicators by State
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Economic Units
#permalink to sectionThe visualization shows the number of economic units in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing according to the number of employees.
According to DENUE data published in May 2025, 373 companies with 0 to 10 employees were registered (373 companies more than the previous period). In the same period, 132 companies with 11 to 50 employees were registered (132 companies more than the previous period).
27 companies with 51 to 100 employees were registered in 2025 (27 companies more than the previous period). Likewise, 94 companies with more than 101 employees were registered (94 companies more than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- -US$1.44B, FDI Jan-Sep 2024
- US$8.32B, FDI Jan-1999 to Sep-2024
In the period January to September 2024, FDI from Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing was -US$1.44B, distributed in reinvestment of earnings (US$281M), equity Capital (Confidential), and inter-company debts (-US$1.72B).
Since January 1999 to September 2024, the accumulated amount of FDI in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing was US$8.32B, distributed in reinvestment of earnings (US$4.64B), equity Capital (US$4.57B), and inter-company debts (-US$894M).
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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$2.76B, Nuevo León 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 Nuevo León (US$2.76B), Chihuahua (US$2.26B), and Estado de México (US$816M).
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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: United States, US$7.35B
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 Japan (US$134M), Germany (US$34.6M), and Hong Kong (Confidential).
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Specialization and Opportunity
#permalink to sectionThe states with the highest degree of development opportunity in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing according to Relatedness were Aguascalientes (0.59), San Luis Potosí (0.51), and Colima (0.51). 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).