Retail Trade of Fuels, Oils and Lubricants

Industry Group (4684)

2020-Q2: $1.65T MX, Gross Domestic Product

2014: $55.7B MX, Gross census value added

 2014: $79.9B MX, Gross Production

  2014 : 23,885, Economic units

  2014: $594M MX, Total Investment

JAN-JUN 2020: US$57.9M, Foreign Direct Investment

In the second quarter of 2020 the gross domestic product was $1.65T MX, 27.2% less than the previous quarter.

In 2014, Retail Trade of Fuels, Oils and Lubricants registered 23,885 economic units. The states with the highest number of economic units were Estado de México (2.73k), Jalisco (1.35k), and Puebla (1.34k). In the same period, the gross census value added was $55.7B MX and the states with the highest added value were Aguascalientes (US$662M), Baja California (US$2.32B), and Jalisco (US$4.61B).

Retail Trade of Fuels, Oils and Lubricants reported $79.9B MX in total gross production during 2014. The states with the highest production were Estado de México (US$9.06B), Ciudad de México (US$6.62B), and Jalisco (US$6.36B). In the same period, it was registered an income of $545B MX distributed mainly in Estado de México (US$51.6B), Ciudad de México (US$50.9B), and Jalisco (US$40.5B).

In 2014 in Retail Trade of Fuels, Oils and Lubricants registered $594M MX in total investment. The states with the highest level of investment in the same period were Jalisco (US$1.85B), Estado de México (US$393M), and Sinaloa (US$233M).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Fuels, Oils and Lubricants the states with the highest affinity were Chihuahua (0.75), Sonora (0.73), Coahuila de Zaragoza (0.71), Nuevo León (0.7), and Querétaro (0.68).

Gross Domestic Product

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Gross domestic product 2020-Q2: $1.65T MX

Gross Domestic Product 2019: $9.33T MX

In the second quarter of 2020, Retail Trade recorded a gross domestic product of $1.65T MX, evidencing a drop of 27.2% compared to the previous quarter and a drop of 26.8% compared to the same period of the previous year.

Production Indicators by State

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(2014): 23,885, Economic Units

In 2014, Retail Trade of Fuels, Oils and Lubricants had a total of 23,885 economic units.

During the same period, the states with the highest number of economic units in Retail Trade of Fuels, Oils and Lubricants were Estado de México (2.73k), Jalisco (1.35k), and Puebla (1.34k).

Production Indicators by Municipality

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  • 20,696, Economic Units
  • $502B MX, Total Income
  • $457B MX, Total Expenses
  • 166,596, Employees Dependent on Economic Units

In 2014, Retail Trade of Fuels, Oils and Lubricants had a total of 23,885 economic units.

In 2014, the municipalities with the highest number of economic units were Puebla (406), León (354), and Monterrey (326).

* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data

The visualization shows the number of companies according to the number of employees.

In 2019, 40,622 companies with 0-10 employees were registered, evidencing an increase of 1.46% (40,039) compared to the previous year. In the same period, 17,282 companies with 11-50 employees, evidencing an increase of 21.4% (14,234) compared to the previous year.

In 2019, 593 companies with 51-100 employees were registered, evidencing an increase of 11.9% (530) compared to the previous year. In the same period, 872 companies with more than 101 employees were registered, evidencing an increase of 10.9% (786) compared to the previous year.

Foreign Direct Investment (FDI)

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  • US$57.9M, FDI Jan-Sep 2020
  • US$955M, FDI 1999-2020

In the period January to September January to September, Foreign Direct Investment from Retail Trade of Fuels, Oils and Lubricants was US$57.9M, distributed in accounts between companies (US$48.3M), reinvestment of profits (US$9.65M), and new investments (Confidential).

Since January 1999 to September 2020, the accumulated amount of Foreign Direct Investment in Retail Trade of Fuels, Oils and Lubricants was US$955M, distributed in reinvestment of profits (US$479M), accounts between companies (US$377M), and new investments (US$99.6M).

* 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-Sep 2020: US$33M, Mexico City accumulates more FDI

Period 1999-2020: US$504M, Mexico City accumulates more FDI

From January to September 2020, the states that received the highest Foreign Direct Investment for Retail Trade of Fuels, Oils and Lubricants were Mexico City (US$33M), Tlaxcala (Confidential), and Puebla (Confidential).

Historically (from January 1999 to September2020) the states that have received the highest Foreign Direct Investment are Mexico City (US$504M), Veracruz de Ignacio de la Llave (US$116M), and Tamaulipas (US$97.7M).

Direct Foreign Investment Origin

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Main investing country between Jan-Sep 2020: Spain, Confidential

Main investing country between 1999-2020: United States, US$283M

During January to September de 2020, the main countries of origin of Foreign Direct investment for Retail Trade of Fuels, Oils and Lubricants were Spain (Confidential), Netherlands (Confidential), and France (Confidential).

Historically (from January 1999 to September de 2020) the countries that contributed the most to Foreign Direct Investment in the industry group were Spain (Confidential), Netherlands (Confidential), and France (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 2014, the states with the highest degree of specialization in Retail Trade of Fuels, Oils and Lubricants were Chihuahua (1.99), Sonora (1.83), and Durango (1.7). 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 2014, the states with the highest degree of development opportunity in Retail Trade of Fuels, Oils and Lubricants according to Relatedness were Jalisco (0.58), Colima (0.55), and Ciudad de México (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).