Retail Trade of Hardware and Glassware

Industry Group (4671)

 2020-Q4: $2.58T MX, Gross Domestic Product

DENUE-2020: 273,551, Economic units

Jan-Dec 2020: -US$3.25M, Foreign Direct Investment

2020-Q4 : $4.19k MX, Average Monthly Salary

2020-Q4 : 408k, Workforce

2020-Q4 : 34.4%, Female Workforce

2020-Q4: 38.1, Average Age

In the fourth quarter of 2020 the gross domestic product was $2.58T MX, 22% more than the previous quarter.

In 2019, in Retail Trade of Hardware and Glassware the states with the highest number of economic units were Estado de México (25,949), Ciudad de México (13,275), and Jalisco (9,725). In the same period, the states with the highest added value were Ciudad de México ($9.19B MX), Estado de México ($9.09B MX), and Nuevo León ($8.45B MX).

In Retail Trade of Hardware and Glassware the states with the highest production were Ciudad de México ($13.7B MX), Estado de México ($12.9B MX), and Nuevo León ($11.6B MX). In the same period, an income were registered and distributed mainly in Ciudad de México ($38.7B MX), Estado de México ($38.1B MX), and Nuevo León ($32.2B MX).

In 2019, in Retail Trade of Hardware and Glassware the states with the highest level of investment in the same period were Zacatecas ($902M MX), Nuevo León ($513M MX), and Estado de México ($431M 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 (0.7), Nuevo León (0.68), Jalisco (0.67), Ciudad de México (0.62), and Aguascalientes (0.6).

During the fourth quarter of 2020 in Retail Trade of Hardware and Glassware the workforce was 408k, 65.6% men and 34.4% women. In addition, the average monthly salary informed was $4.49k MX for men and $3.62k MX for women.

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 and the states with the largest workforce were Estado de México, Jalisco, and Ciudad de México.

The average age of workers in Retail Trade of Hardware and Glassware in the fourth quarter of 2020 was 38 years in women and 38.1 years in men. In the same period, the average years of schooling in Retail Trade of Hardware and Glassware, was 11.3 years in women and 11.2 years in men.

Salaries and Workforce

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Average Monthly Salary 2020-Q4: $4.19k MX

Working population 2020-Q4: 408k

In the fourth quarter of 2020, the workforce in Retail Trade of Hardware and Glassware it was of 408k, 65.6% men with a reported average monthly salary of $4.49k MX and 34.4% women with a salary of $3.62k MX.

Of the total employed population, 55.4% of the total workforce were formal workers with an average monthly salary of $5.15k MX, while he 44.6% corresponds to informal workers with an average salary of $3.01k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2020 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, Jalisco, and Ciudad de México.

Gross Domestic Product

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Gross domestic product 2020-Q4: $2.58T MX

Gross Domestic Product 2020: $8.53T MX

* Data displayed corresponds to the sector Retail Trade since the information at lower levels of disaggregation is not available.

In the fourth quarter of 2020, Retail Trade recorded a gross domestic product of $2.58T MX, evidencing an increase of 22% compared to the previous quarter and an increase of 1.12% 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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In 2019, the states with the highest number of economic units were Estado de México (25,949), Ciudad de México (13,275), and Jalisco (9,725) in Retail Trade of Hardware and Glassware. In addition, the states with the highest total gross production were Ciudad de México ($13.7B MX), Estado de México ($12.9B MX), and Nuevo León ($11.6B MX).

In the same period, total income was $368B MX and the states with the highest income were Ciudad de México ($38.7B MX), Estado de México ($38.1B MX), and Nuevo León ($32.2B MX). Total investment was $3.72k MX and the states with the highest investment were N/A. Lastly, Retail Trade of Hardware and Glassware registered $92.1B MX of gross census value added and the states with the highest census gross value added were Ciudad de México ($9.19B MX), Estado de México ($9.09B MX), and Nuevo León ($8.45B 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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In 2014, Retail Trade of Hardware and Glassware had a total of 109,201 economic units and the municipalities with the highest number of economic units were Ecatepec de Morelos (3.34k), Iztapalapa (2.68k), and Guadalajara (2.64k), also pesoMX 183964833735.88318 in total income were registered and municipalities with the highest income were Guadalajara ($6.12B MX), Monterrey ($6.1B MX), and Cuauhtémoc ($4.47B MX).

In the same period, Retail Trade of Hardware and Glassware had $143B MX in total expenditures and the municipalities with the highest expenditures were Guadalajara ($4.84B MX), Monterrey ($4.82B MX), and Cuauhtémoc ($3.75B MX). On the other hand, in 2014 there were 287383 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (8.23k), Ecatepec de Morelos (6.66k), and Puebla (6.39k).

* 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 companies according to the number of employees.

In 2020, 265,084 companies with 0-10 employees were registered, evidencing an increase of 8.04% (245,363) compared to the previous year. In the same period, 7,412 companies with 11-50 employees, evidencing an increase of 16% (6,387) compared to the previous year.

In 2020, 444 companies with 51-100 employees were registered, evidencing a drop of 12.8% (509) compared to the previous year. In the same period, 611 companies with more than 101 employees were registered, evidencing a drop of 17.8% (743) compared to the previous year.

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • -US$3.25M, FDI Jan-Dec 2020
  • US$288M, FDI Jan-1999 to Dec-2020

In the period January to December 2020, Foreign Direct Investment from Retail Trade of Hardware and Glassware was -US$3.25M, distributed in reinvestment of earnings (Confidential), equity Capital (US$0), and inter-company debts (Confidential).

Since January 1999 to December 2020, the accumulated amount of Foreign Direct Investment in Retail Trade of Hardware and Glassware was US$288M, distributed in equity Capital (US$182M), reinvestment of earnings (US$81.6M), and inter-company debts (US$24.5M).

* Some periods have been anonymized so there may be inconsistencies between the graph and the values indicated in the paragraphs.

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Period Jan-Dec 2020: Confidential, Mexico City is the main receiving state

Period Jan-1999 to Dec-2020: US$153M, Estado de México is the main receiving state

From January to December 2020, the states that received the highest Foreign Direct Investment for Retail Trade of Hardware and Glassware were Mexico City (Confidential), Oaxaca (Confidential), and Durango (Confidential).

Historically (from January 1999 to December2020) the states that have received the highest Foreign Direct Investment are Estado de México (US$153M), Mexico City (US$107M), and Querétaro (US$33.3M).

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Dec 2020: United States, Confidential

Main investing country between Jan-1999 and Dec-2020: United States, US$281M

During January to December de 2020, the main countries of origin of Foreign Direct investment for Retail Trade of Hardware and Glassware were United States (Confidential) and Chile (Confidential).

Historically (from January 1999 to December de 2020) the countries that contributed the most to Foreign Direct Investment were United States (Confidential) and Chile (Confidential).

Diversification Frontier

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The Affinity-Complexity visualization compares the risk and strategic value of a potential industry's opportunities in a territory. Affinity  is a predictor of the probability that a state increases its market size in an industry. Complexity  is associated with higher levels of income, potential for economic growth, lower levels of inequality and lower emissions.

Specialization and Opportunity

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In 2020, the states with the highest degree of specialization in Retail Trade of Hardware and Glassware were Estado de México (1.58), Hidalgo (1.32), 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.

In 2020, the states with the highest degree of development opportunity in Retail Trade of Hardware and Glassware according to Relatedness were Nuevo León (0.68), Baja California (0.57), and Chihuahua (0.57). 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 2020-Q4: 38.1

Average Years of Schooling 2020-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 fourth quarter of 2020 in Retail Trade of Hardware and Glassware, women averaged 38 years and 38.1 years for men.

During the same period, the average number of years of schooling in women was 11.3 years and in men 11.2 years.

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