Querétaro stands out nationally with IMMEX companies

Querétaro stands out nationally with IMMEX companies

QUERETARO - During March 2024, the National Institute of Statistics and Geography (Inegi) reported that the state of Querétaro ranked tenth nationally in terms of the number of establishments in the Manufacturing, Maquiladora and Export Services Industry (IMMEX) program.

This program is an indicator that reflects the main characteristics and evolution of manufacturing and non-manufacturing establishments in the country.

According to the report, Querétaro contributes with 3.8% of the total number of IMMEX establishments in Mexico. The entities with the highest participation are Baja California with 17.7%, Nuevo Leon with 13%, and Chihuahua with 9%. Other notable entities include Coahuila (6.9%), Tamaulipas (6.4%), Jalisco (6.5%), Guanajuato (6.4%), Sonora (5.4%) and Mexico City (4.2%).

In terms of personnel employed, Querétaro also ranks tenth, accounting for 3.6% of the national total. In this category, Chihuahua leads with 13.8%, followed by Baja California with 12.6% and Nuevo León with 11.6%.

On the other hand, the entities with the lowest index of personnel employed in IMMEX establishments were Michoacán (0.3%), Veracruz (0.7%) and Yucatán (0.7%).

In terms of hours worked, Queretaro ranked 12th with a negative percentage of -9.2%. It is important to mention that this decrease reflects an adjustment in labor activity within the IMMEX program in the state.

At the national level, the number of people employed in establishments with an IMMEX program decreased by 0.5% at a monthly rate in March 2024. This decline is broken down into a 0.5% decrease in manufacturing establishments and a 1.1% decrease in non-manufacturing establishments, which include activities related to agriculture, fishing, commerce and services.

At an annual rate and with seasonally adjusted figures, total employed personnel decreased by 1.3% and hours worked decreased by 0.7% in March 2024. However, real average compensation increased by 5.6%.