Oil and Gas Extraction
Industry Group (2111)
2022-Q3: $1.22T MX, Gross Domestic Product
DENUE November 2022: 100, Economic units
Jan-Sep 2022: US$255M, Foreign Direct Investment
In the third quarter of 2022 the gross domestic product was $1.22T MX, 10.5% less than the previous quarter.
According DENUE 2022, Oil and Gas Extraction registered 100 economic units. The states with the highest number of economic units were Tabasco (25), Veracruz de Ignacio de la Llave (21), and Tamaulipas (14).
According to data from the Economic Census 2019, total gross production was $846B MX. The states with the highest total gross production were Campeche ($522B MX) and Tabasco ($268B MX).
For its part, total income reached $950B MX in 2019, being the states with the highest income Campeche ($587B MX) and Tabasco ($296B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Oil and Gas Extraction the states with the highest affinity were Sonora (0.62), Nuevo León (0.61), Chihuahua (0.61), Ciudad de México (0.6), and Coahuila de Zaragoza (0.58).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2022-Q3: $1.22T MX
Gross Domestic Product 2021: $1.04T MX
* Data displayed corresponds to the sector Mining, Quarrying, and Oil and Gas Extraction since the information at lower levels of disaggregation is not available.
In the third quarter of 2022, Mining, Quarrying, and Oil and Gas Extraction recorded a gross domestic product of $1.22T MX, evidencing a drop of 10.5% compared to the previous quarter and an increase of 21% 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
#permalink to sectionAccording to data from the Economic Census 2019, 26 economic units were totaled in Oil and Gas Extraction, highlighting Tabasco (9), Campeche (5), and Veracruz de Ignacio de la Llave (5).
Total gross production was $846B MX. The states with the highest total gross production were Campeche ($522B MX) and Tabasco ($268B MX).
Total income reached $950B MX in 2019, being the states with the highest income Campeche ($587B MX) and Tabasco ($296B 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
#permalink to sectionAccording to dato from Economic Census 2014, Oil and Gas Extraction had a total of 14 economic units and the municipalities with the highest number of economic units were Centro (11) and Reynosa (3)
Total expenditures were $11.9B MX and the municipalities with the highest expenditures were Centro ($8.99B MX) and Reynosa ($2.9B MX).
On the other hand, in 2014 there were 8844 employees dependent on economic units and the municipalities with the highest number of employees were Centro (6.17k) and Reynosa (2.67k).
* 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
#permalink to sectionThe visualization shows the number of economic units in Oil and Gas Extraction according to the number of employees.
According to DENUE data published in November 2022, 27 companies with 0 to 10 employees were registered (equal number of companies as the previous period). In the same period, 32 companies with 11 to 50 employees were registered (equal number of companies as the previous period).
6 companies with 51 to 100 employees were registered in 2022 (equal number of companies as the previous period). Likewise, 35 companies with more than 101 employees were registered (equal number of companies as the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$255M, FDI Jan-Sep 2022
- US$6.58B, FDI Jan-1999 to Sep-2022
In the period January to September 2022, FDI from Oil and Gas Extraction was US$255M, distributed in equity Capital (US$388M), reinvestment of earnings (Confidential), and inter-company debts (-US$168M).
Since January 1999 to September 2022, the accumulated amount of FDI in Oil and Gas Extraction was US$6.58B, distributed in equity Capital (US$4.39B), inter-company debts (US$1.76B), and reinvestment of earnings (US$430M).
* Confidential data is not shown in the chart (see information icon in the section).
* Due to the confidentiality of the data, the annual breakdown by type of investment does not show inter-company debts and reinvestment of earnings.
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Sep 2022: US$94.2M, Tamaulipas is the main receiving state
Period Jan-1999 to Sep-2022: US$1.41B, Tamaulipas is the main receiving state
From January to September 2022, the states that received the highest FDI for Oil and Gas Extraction were Tamaulipas (US$94.2M), Mexico City (US$78.2M), and Veracruz de Ignacio de la Llave (US$48M).
Historically (from January 1999 to September2022) the states that have received the highest FDI are Tamaulipas (US$1.41B), Tabasco (US$1.32B), and Mexico City (US$1.26B).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionMain investing country between Jan-Sep 2022: Canada, US$146M
Main investing country between Jan-1999 and Sep-2022: United States, US$2.84B
During January to September de 2022, the main countries of origin of FDI for Oil and Gas Extraction were Canada (US$146M), United States (US$70.7M), and Hong Kong (Confidential).
Historically (from January 1999 to September de 2022) the countries that contributed the most to FDI were Canada (US$146M), United States (US$70.7M), and Hong Kong (Confidential).
* Information download does not contain confidential data.