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Análisis Actinver
Sector and Regional Studies
May, 2015
Mexico’s Northwestern region economy
CONFIDENCIAL Y DE USO INTERNO
1
Mexico’s Northwestern region
Main points
General features
Page 3
Population
Page 4
Working population
Page 5
Importance of region economy in the macroeconomic context
Page 6
Region’s economy
Page 8
Sector participation in national economy
Performance of agriculture sector
Page 9
Performance of industrial sector
Page 11
Performance of services sector
Page 12
Foreign Direct Investment
Page 13
Region infrastructure
Page 14
Maritime ports
Page 15
Railways
Page 16
Highways and roads
Page 17
Competitiveness index
Page 18
Industrial Parks
Page 19
Company generation
Page 21
Commercial banking loans by State
Page 23
State participation in NIP, investment projects
Page 24
2
General features
•
•
•
•
•
Region concentrates 12.9% of country’s total population (119.71 million to 2014).
The fourth most important region of GDP value totaling MP 1,679,920 million during 2014, with a 12.8% participation.
Economic growth rhythm is above national GDP with a 3.1% rate between 2003 and 2013.
Sonora and Chihuahua are the highest added value economies of the six entities part of the region, together with BC, BCS, Durango and Sinaloa.
Services sector has the highest weight of the regional economy with a 59.30%, followed by the industrial sector with 34.22% and the agriculture
sector with 6.49%.
Main activities of the region are focused on the industrial, mining and tourism activities. Although the agriculture sector represents 26.0% of
national total.
The region has 166 industrial parks, outstanding BC with 78 and Chihuahua with 38.
With excellent communication routes. It has 19 international airports, 37 ports, 72 thousand Km of roads and 7,234 Km railways.
With 4.7% of loans stake granted by commercial banks to states.
•
•
•
•
Main cities
Tijuana, Baja California
Ciudad Juárez, Chihuahua
Culiacán, Sinaloa
Mexicali, Baja California
Herm osillo, Sonora
State
BC
BCS
Sonora
Sinaloa
Durango, Durango
Chihuahua
Durango
Ensenada, Baja California
Mazatlán, Sinaloa
Ciudad Obregón, Sonora
Los Mochis, Sinaloa
La Paz, Baja California Sur
Capital
Mexicali
La Paz
Hermosillo
Culiacán
Chihuahua
Nogales, Sonora
Durango
San Luis Río Colorado, Sonora
Navojoa, Sonora
Guaym as, Sonora
Ciudad Cuauhtém oc, Chihuahua
Baja California
Baja California Sur
Chihuahua
Sonora
Sinaloa
Durango
Ciudad Lerdo, Durango
Delicias, Chihuahua
Guasave, Sinaloa
Guam uchil, Sinaloa
3
Population
• Region has 15.45 million inhabitants, in accordance to INEGI’s 2014 figures, representing 12.9% of country’s total population.
• Population CAGR of region was 1.3% from 2010 to 2014, rate higher than national total of 1.2%.
• Chihuahua is the state with the highest population of 3.67 million, followed by Baja California with 4.43 million, Sinaloa with 2.89
million, Sonora 2.89 million, Durango 1.75 million and BCS with 0.74 million.
Population, m illion inhabitants
2010
Total National
2011
2013
2014
CAGR
114.26 115.68 117.05 118.40 119.71
1.2%
Total region
14.65
14.84
15.05
15.25
15.45
1.3%
Baja California
3.22
3.28
3.33
3.38
3.43
1.6%
Baja California Sur
0.65
0.67
0.70
0.72
0.74
3.3%
Chihuahua
3.53
3.56
3.60
3.64
3.67
1.0%
Durango
1.67
1.69
1.71
1.73
1.75
1.1%
Sinaloa
2.85
2.88
2.91
2.93
2.96
0.9%
Sonora
2.73
2.77
2.81
2.85
2.89
1.5%
12.8% 12.9%
12.9%
12.9%
Participation regional/national
12.8%
Source: INEGI
2012
4
Población ocupada
• Region has 6.52 million working population, representing 13.2% of the country’s total working population (49.55 million to 2014).
Chihuahua has 1.49 million, the entity with the highest participation. Followed by Baja California with 1.48 million, and Sonora with
1.31 million.
Working population, m illion
2010
2011
2012
2013
2014
CAGR
46.89
47.18
49.28
49.55
49.55
1.4%
Total region
5.88
5.89
6.28
6.53
6.52
2.6%
Baja California
1.33
1.36
1.44
1.49
1.48
2.8%
Baja California Sur
0.29
0.30
0.32
0.34
0.34
4.1%
Chihuahua
1.34
1.29
1.40
1.48
1.49
2.7%
Durango
0.61
0.64
0.64
0.69
0.67
2.4%
Sinaloa
1.21
1.19
1.25
1.27
1.21
0.0%
Sonora
1.09
1.11
1.23
1.26
1.31
4.8%
12.5% 12.7%
13.2%
13.2%
Total National
Participation regional/national
12.5%
Source: INEGI
Working population by state, 2014
0.67
0.34
1.21
1.31
Total National
1.49
Baja California
1.48
Baja California Sur
Chihuahua
Durango
Sinaloa
Sonora
49.55
5
Importance of region economy in the
macroeconomic context
• Region’s economy represents 12.8% of the country’s total economy, fourth most important region.
• GDP added MP 1.69 billion in 2013, against MP 13.12 billion of national total.
• The 3 states bordering USA have the highest added value within the region. Sonora has the highest GDP value adding MP 395.4
billion, representing 23.5% of regional total, followed by Baja California with MP 383.5 billion (22.8% regional) and Chihuahua with
MP 375 billion (22.3%).
Northwestern region participation in national GDP, 2013
%
GDP regional Regional/Total
Expected GDP growth
Center
4,291,532
32.7%
2013
2014
2015
2016
2017
2018
Southeast
2,905,082
22.1%
National GDP
1.4%
2.1%
2.7%
3.6%
3.8%
3.9%
Northeast
1,801,481
13.7%
Northw estern GDP
3.2%
3.5%
3.7%
3.8%
4.0%
4.1%
Northwest
1,679,920
12.8%
Baja California
0.7%
0.8%
1.0%
1.0%
1.1%
1.1%
Center North
1,317,259
10.0%
Baja California Sur
2.8%
3.0%
3.1%
3.2%
3.3%
3.5%
West
1,283,065
9.8%
Chihuahua
5.4%
5.9%
6.1%
6.2%
6.5%
6.8%
National GDP
13,121,598
100.0%
Durango
2.0%
2.1%
2.2%
2.3%
2.4%
2.5%
Sinaloa
1.7%
1.8%
1.9%
1.9%
2.0%
2.1%
Sonora
5.3%
5.8%
6.0%
6.1%
6.4%
6.7%
Millions pesos
GDP, MP millions, 2008 basis
14,000
13,122
12,000
10,000
8,186
8,000
6,000
4,528
4,000
2,000
1,680
575
408 109
996
0
GDP
GDP agricultural
National
6
GDP industrial
Regional
GDP services
Importance of region economy in the
macroeconomic context
Main economic activities
Baja California
Manufacturing
Tourism
Hospitality
Agricultural (agriculture, livestock, fishing)
Baja California Sur
Chihuahua
Services
Trading
Construction
Manufacturing
Tourism
Hospitality
Manufacturing (maquila)
Agriculture
Mining
Sinaloa
Agriculture (Mexico's granary), tourism, and agroindustry.
It is the most important agricultural entity of the country due to its
GDP added value.
And the second larget fishing fleet of the country.
Sonora
Mining
Surge of maquila industry and agroindustry
Strategic sectors (aerospace, automotive, electric/electronics)
Durango
Mining and tourism
7
Region’s economy
•
Economy growth dynamics of the northwestern region is higher than total national economy, recording a 3.1% CAGR between 2004
and 2013 against a 2.6% rate of national GDP.
•
Sonora has the highest value of the region with MP 395.4 billion with data to 2013, 2008 basis. Followed by Baja California with MP
383.5 billion, Chihuahua with MP 375.1 billion, followed in importance by Sinaloa, Durango and Baja California Sur.
•
As to performance, BCS’ economy has the highest dynamics recording a 5.1% CAGR between 2004 and 2013, followed by Sonora
with 4.2% and Chihuahua with 3.2%.
Sector participation of GDP
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
CAGR
10,119,898
10,545,910
10,870,105
11,410,947
11,778,877
11,941,199
11,374,629
11,965,979
12,435,058
12,935,715
13,121,598
2.6%
360,290
364,847
351,456
373,045
390,308
392,984
377,848
390,856
366,831
397,118
407,528
1.2%
Industrial GDP
3,884,165
4,043,151
4,142,410
4,322,843
4,385,686
4,365,207
4,094,017
4,280,609
4,427,598
4,552,813
4,527,815
1.5%
Services GDP
5,875,443
6,137,912
6,376,239
6,715,059
7,002,883
7,183,008
6,902,764
7,294,514
7,640,629
7,985,784
8,186,255
3.4%
Regional GDP
1,242,396
1,311,025
1,368,641
1,454,842
1,512,375
1,530,370
1,439,982
1,494,913
1,549,724
1,627,605
1,679,920
3.1%
National GDP
Agricultural GDP
Agricultural GDP
88,380
90,547
92,516
97,799
106,559
104,304
102,655
106,196
91,759
105,276
108,991
2.1%
Industrial GDP
431,034
463,979
479,968
516,427
531,467
536,746
494,332
500,311
529,856
554,952
574,820
2.9%
Services GDP
722,982
756,499
796,157
840,616
874,349
889,320
842,995
888,406
928,109
967,377
996,109
3.3%
Regional participation in total sector GDP
Agricultural GDP
24.53%
24.82%
26.32%
26.22%
27.30%
26.54%
27.17%
27.17%
25.01%
26.51%
26.74%
Industrial GDP
11.10%
11.48%
11.59%
11.95%
12.12%
12.30%
12.07%
11.69%
11.97%
12.19%
12.70%
Services GDP
12.31%
12.33%
12.49%
12.52%
12.49%
12.38%
12.21%
12.18%
12.15%
12.11%
12.17%
12.80%
Participation in regional GDP
PIB regional
12.28%
12.43%
12.59%
12.75%
12.84%
12.82%
12.66%
12.49%
12.46%
12.58%
7.11%
6.91%
6.76%
6.72%
7.05%
6.82%
7.13%
7.10%
5.92%
6.47%
6.49%
Industrial GDP
34.69%
35.39%
35.07%
35.50%
35.14%
35.07%
34.33%
33.47%
34.19%
34.10%
34.22%
Services GDP
58.19%
57.70%
58.17%
57.78%
57.81%
58.11%
58.54%
59.43%
59.89%
59.44%
59.30%
Agricultural GDP
Million pesos
8
•
Agriculture sector activity concentrates 26.7% of sector’s total value nation wide, with data to 2013. Growth dynamics has been
higher in the region in regard to national total, recording a 2.1% CAGR against 1.2% of national growth rate, with data between
2003 and 2013.
•
Sinaloa and Chihuahua record the highest value within the region, adding in sector MP 27,777 million the first and MP 26,058
million the latter. Followed by Sonora, Durango and Baja California.
•
In spite of its value, the sector has had a low performance between 2003 and 2013 in states such as Sinaloa, Durango, BC and
BCS, with rates lower than 1.5%.
GDP, agricultural sector, million pesos, 2008 basis
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
CAGR
360,290
364,847
351,456
373,045
390,308
392,984
377,848
390,856
366,831
397,118
407,528
1.2%
88,380
90,547
92,516
97,799
106,559
104,304
102,655
106,196
91,759
105,276
108,991
2.1%
Baja California
9,466
9,598
9,772
9,926
10,338
9,896
10,136
10,923
10,528
11,203
10,930
1.4%
Baja California Sur
2,920
2,782
3,142
2,935
2,914
2,913
2,706
3,122
3,102
3,431
3,221
1.0%
Chihuahua
15,672
17,176
18,376
19,762
20,908
20,349
21,984
21,823
20,925
22,524
26,058
5.2%
Durango
14,081
14,273
12,534
14,241
14,705
13,701
13,356
13,475
12,002
13,493
15,410
0.9%
Sinaloa
25,532
29,124
28,437
30,003
34,218
34,210
31,116
32,334
22,368
28,565
27,777
0.8%
Sonora
20,709
17,594
20,255
20,932
23,476
23,235
23,357
24,519
22,834
26,060
25,595
2.1%
1.3%
-3.7%
6.1%
4.6%
0.7%
-3.9%
3.4%
-6.1%
8.3%
2.6%
National GDP
Northw estern GDP
Annual grow th rate
National GDP
Northw estern GDP
24.8%
26.3%
26.2%
27.3%
26.5%
27.2%
27.2%
25.0%
26.5%
26.7%
Baja California
10.6%
10.8%
11.0%
11.4%
10.9%
11.2%
12.1%
11.6%
12.4%
12.1%
Baja California Sur
3.1%
3.5%
3.2%
3.2%
3.2%
3.0%
3.4%
3.4%
3.8%
3.6%
Chihuahua
19.0%
20.3%
21.8%
23.1%
22.5%
24.3%
24.1%
23.1%
24.9%
28.8%
Durango
15.8%
13.8%
15.7%
16.2%
15.1%
14.8%
14.9%
13.3%
14.9%
17.0%
Sinaloa
32.2%
31.4%
33.1%
37.8%
37.8%
34.4%
35.7%
24.7%
31.5%
30.7%
Sonora
19.4%
22.4%
23.1%
25.9%
25.7%
25.8%
27.1%
25.2%
28.8%
28.3%
Source: INEGI data
9
Main crops by entity
Baja California
Place
Baja California Sur
Place
Chihuahua
Place
Raspberry
1st of 1
Basil
1st of 4
Cotton
1st of 6
Flow ers
1st of 1
Straw berry
2nd of 5
Nuts
1st of 18
Wheat grain
2nd of 23
Dates
3rd of 4
Apples
1st of 22
Red tomato
2nd of 32
Oats forage
1st of 24
Onion
2nd of 25
Onion
1st of 25
Cotton
2nd of 6
Ry grass
2nd of 7
Straw berry
2nd of 9
Alfalfa
2nd of 26
Olives
2nd of 5
Green pepper
2nd of 32
Dates
2nd de 4
Beans
3rd of 32
Cucumber
3rd of 29
Garlic
3rd of 18
Grapes
3rd of 14
Sparragus
3rd of 5
Main crops by entity
Place
Sonora
Place
Sinaloa
Place
Oats forage
Corn forage
Durango
2nd of 24
2nd of 24
Dates
Olives
1st of 4
1st of 5
Eggplant
Chickpea
1st of 9
1st of 13
Sorghum forage
2nd of 26
Sparragus
1st of 5
Cucumber
1st of 29
Grapes
Potato
1st of 14
1st of 22
Green tomato
Corn grain
1st of 30
1st of 31
Wheat grain
1st of 23
Red tomato
1st of 32
Watermelon
1st of 27
Chile verde
1st of 32
Squash
1st of 30
Potato
2nd of 22
Chickpea
2nd of 13
Beans
2nd of 32
Nuts
2nd of 18
Mango
3rd of 23
Melon
3rd of 24
Sorghum forage
3rd of 29
So urce: INEGI
10
Performance of industrial sector
•
Industrial sector of region participates with a 12.7% of total of national activity and 34.2% of regional GDP. Stake of sector within
national total has improved from 11.5% in 2004 to 12.7% in 2.13.
•
Sonora is the state with the highest weight of activity of the region’s total with 30.2%, followed by Baja California with 23.5%,
Chihuahua with 22.4%, Sinaloa and Durango have similar participation with 9.9% and 9.6%, respectively, and BCS with 4.4%.
•
In regard to CAGR the highest growth between 2004 and 2013 is for BCS with 6.2%, Sonora 5.5%, and Chihuahua with 2.7%. CAGR
for the outstanding states is lower than 1.5%.
•
The region is dominated by agroindustry and mining. Sonora and Durango are the best gold and silver producers of the country.
GDP, industrial sector, millions pesos, 2008 basis
2003
National GDP
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
CAGR
3,884,165 4,043,151
1.5%
4,142,410
4,322,843
4,385,686
4,365,207
4,094,017
4,280,609
4,427,598
4,552,813
4,527,815
Northw estern GDP
431,034
463,979
479,968
516,427
531,467
536,746
494,332
500,311
529,856
554,952
574,820
2.9%
Baja California
117,803
127,143
130,615
141,862
145,205
144,343
127,097
124,661
130,827
137,025
134,931
1.4%
Baja California Sur
13,943
17,566
17,671
19,181
20,141
23,789
22,239
20,912
22,923
22,163
25,532
6.2%
Chihuahua
98,884
104,297
110,534
119,833
123,230
126,034
111,850
109,113
110,328
120,488
128,646
2.7%
Durango
48,714
49,188
48,456
49,731
51,328
50,343
49,214
50,130
55,137
56,079
55,071
1.2%
Sinaloa
50,267
55,349
55,133
54,980
58,517
62,144
59,633
60,607
59,757
58,447
57,047
1.3%
Sonora
101,423
110,436
117,559
130,840
133,046
130,093
124,299
134,888
150,884
160,750
173,593
5.5%
4.1%
2.5%
4.4%
1.5%
-0.5%
-6.2%
4.6%
3.4%
2.8%
-0.5%
Annual grow th rate
National GDP
Northw estern GDP
7.6%
3.4%
7.6%
2.9%
1.0%
-7.9%
1.2%
5.9%
4.7%
3.6%
Baja California
7.9%
2.7%
8.6%
2.4%
-0.6%
-11.9%
-1.9%
4.9%
4.7%
-1.5%
15.2%
Baja California Sur
26.0%
0.6%
8.5%
5.0%
18.1%
-6.5%
-6.0%
9.6%
-3.3%
Chihuahua
5.5%
6.0%
8.4%
2.8%
2.3%
-11.3%
-2.4%
1.1%
9.2%
6.8%
Durango
1.0%
-1.5%
2.6%
3.2%
-1.9%
-2.2%
1.9%
10.0%
1.7%
-1.8%
Sinaloa
10.1%
-0.4%
-0.3%
6.4%
6.2%
-4.0%
1.6%
-1.4%
-2.2%
-2.4%
Sonora
8.9%
6.4%
11.3%
1.7%
-2.2%
-4.5%
8.5%
11.9%
6.5%
8.0%
11.5%
11.6%
11.9%
12.1%
12.3%
12.1%
11.7%
12.0%
12.2%
12.7%
Participation in National GDP
Source:INEGI data
11
Performance of services sector
•
Region’s services sector participates with 12.2% of total of national activity and 59.2% of regional activity. Sector’s total value added
MP 996,109 million in 2013, outstanding Baja California with MP 237,647 million, followed by Chihuahua with MP 220,395, Sonora
with MP 196,257 million, Sinaloa with MP 184,102 million, Durango with MP 86,259 million and finally BCS with MP 71,449 million.
•
As to growth, CAGR of regional activity was 3.3% between 2004 and 2013, hardly below national average of 3.4%. BCS outstands
with a 5.0% CAGR, followed by Sonora with 3.5%.
GDP, services sector, million pesos, 2008 basis
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
CAGR
5,875,443
6,137,912
6,376,239
6,715,059
7,002,883
7,183,008
6,902,764
7,294,514
7,640,629
7,985,784
8,186,255
3.4%
Northw estern GDP
722,982
756,499
796,157
840,616
874,349
889,320
842,995
888,406
928,109
967,377
996,109
3.3%
Baja California
178,988
187,793
198,403
207,818
215,948
217,279
203,826
212,882
223,816
232,603
237,647
2.9%
43,954
48,164
53,879
59,107
64,901
64,311
61,513
65,569
68,363
71,887
71,449
5.0%
National GDP
Baja California Sur
Chihuahua
160,466
168,041
176,295
188,924
195,468
200,334
185,771
195,722
204,064
212,720
220,395
3.2%
Durango
65,817
68,996
71,685
74,493
77,115
78,812
75,903
79,951
82,319
84,140
86,259
2.7%
Sinaloa
135,008
138,658
144,956
151,202
156,017
161,009
154,621
162,680
169,546
177,472
184,102
3.2%
Sonora
138,749
144,847
150,939
159,072
164,900
167,575
161,361
171,602
180,001
188,555
196,257
3.5%
National GDP
4.5%
3.9%
5.3%
4.3%
2.6%
-3.9%
5.7%
4.7%
4.5%
2.5%
Northw estern GDP
4.6%
5.2%
5.6%
4.0%
1.7%
-5.2%
5.4%
4.5%
4.2%
3.0%
Baja California
4.9%
5.6%
4.7%
3.9%
0.6%
-6.2%
4.4%
5.1%
3.9%
2.2%
Baja California Sur
9.6%
11.9%
9.7%
9.8%
-0.9%
-4.4%
6.6%
4.3%
5.2%
-0.6%
Chihuahua
4.7%
4.9%
7.2%
3.5%
2.5%
-7.3%
5.4%
4.3%
4.2%
3.6%
Durango
4.8%
3.9%
3.9%
3.5%
2.2%
-3.7%
5.3%
3.0%
2.2%
2.5%
Sinaloa
2.7%
4.5%
4.3%
3.2%
3.2%
-4.0%
5.2%
4.2%
4.7%
3.7%
Sonora
4.4%
4.2%
5.4%
3.7%
1.6%
-3.7%
6.3%
4.9%
4.8%
4.1%
12.3%
12.5%
12.5%
12.5%
12.4%
12.2%
12.2%
12.1%
12.1%
12.2%
Annual grow th rate
Participation in National GDP
Source: INEGI data
12
Foreign Direct Investment
•
The highest foreign investment concentrates in the manufacturing industry, adding to 2014 the amount of USD 1,766 million, of which
USD 1,007 million were received by Chihuahua, USD 685 million Baja California and USD 74 million Sonora.
•
Investment in mining was USD 926 million, in which Durango received USD 790 million, Chihuahua USD 79 million, Sonora USD 34
million and Sinaloa USD 13 million.
•
Transport sector received USD 113 million and Sinaloa receiving the highest amount with USD 107 million. In other segments
investments added USD 600 million.
Foreign Direct Investm ent 2014, USD m illion
State
National total
FDI % National Total
22,568
Agricultural
sector
Mining
Construction
Manufacturing
industries
Trading
Transport,
shipm ents,
storage
Other
segm ents
100.0%
84
2,215
873
12,870
1,954
400
4,173
Baja California
813
3.6%
11
-
3
685
6
0
108
Baja California Sur
198
0.9%
-
-
0
0
0
-
198
1,152
5.1%
0
89
0
1,007
7
6
43
Durango
772
3.4%
-26
790
-
0
9
-
0
Sinaloa
141
0.6%
0
13
0
0
-15
107
36
Sonora
333
1.5%
0
34
3
74
7
-
215
Chihuahua
Source: Energy Secretary, February 2015
State participation in regional FDI
9.8%
23.9%
Baja California
4.1%
Baja California Sur
Chihuahua
Durango
22.7%
5.8%
Sinaloa
Sonora
33.8%
13
Region infrastructure
•
The region has 19 airports, all international, and represents 25.0% of national total. It has 37 ports, representing 32.0% of national
total, and 27.1% railways (national total 26,727 Km.).
•
Sonora outstands due to the level of infrastructure within the region. It has the highest number of airports (5) of the 17 of the region,
with 2,008 km of railways of national total of 7,234 km.
•
Followed by the two Baja's with 4 airports each, while BC has 8 maritime ports and BCS 16 ports.
Infrastructure
State
Airports
National
International
Ports
Coastal
Railw ays
National total
76
12
64
117
48
26,727
regional total
19
0
19
37
14
7,234
Baja California
4
0
4
8
2
223
Baja California Sur
4
0
4
16
4
0
Chihuahua
2
0
2
0
0
2,655
Durango
1
0
1
0
0
1,153
Sinaloa
3
0
3
6
3
1,195
Sonora
5
0
5
7
5
2,008
Source: Energy Secretary, February 2015
14
Maritime ports
• The region has nine important maritime ports, against a national total of 117, of which 4 are deep-sea harbors (servicing national and
international points) and 5 coastal (servicing national points).
• Outstanding are Puerto Ensenada, Puerto Guaymas, Topolobampo and Mazatlán as deep-sea harbors and San José del Cabo,
Santa Rosalía, Puerto Peñasco, La Paz and Altata as coastal ports.
• The area is highly touristic, highlighting La Paz, Los Cabos, and Mazatlán.
• As to the tourist level, the region had a total of 22.7% arrivals of the total cruise arrivals in the country in 2014, adding to 462. As to
the number of passengers of 19.3% it added to more than 1075 million.
• As to the movement of cargo, the ports of Guerrero Negro in BCS and Isla de Cedros in BC, occupy 15.0% of national total with
24,890 tons recorded in 2014.
Shipments 2014, %
3.7%
4.9%
Coatzacoalcos, Ver.
Cruises and passenger per port 2014
Arrivals
Passengers
Cabo San Lucas
121
254,080
Ensenada
281
685,496
Guaymas
2
1,825
Lotero
11
24,833
Mazatlán
34
81,659
Pichilngue
12
27,226
1
643
Topolobampo
Regional total
National total
462 1,075,762
2,034 5,560,437
Nortw estern participation 22.7%
19.3%
So urce: SCT data
21.6%
15
Guerrero Negro, BCS
6.6%
10.1%
Punta Venado, Q. Roo
Isla de Cedros, BC
Manzanillo, Col.
10.4%
Lázaro Cardenas, Mich.
15.6%
Veracruz, Ver.
Altamarira, Tam.
11.6%
Other
15.5%
Railways
• The region has 27.1% of national total of railways, representing 7,234 Km of the 26,726 km in the country.
• Outstanding is Chihuahua with 2,655 Km, followed by Sonora with 2,008 Km, and Sinaloa with 1,915 Km.
• In Chihuahua outstands Ferrocarril Chihuahua del Pacífico that goes from state capital city to Los Mochis in Sinaloa. It is a touristic
route and one of the few railways that transports passengers.
16
Highways and roads
• Region has a 19.3% of total roads in the country, adding 72,857 Km.
Sonora outstands with 25,161 Km, while Sinaloa adds 16,951 Km,
Chihuahua with 13,272 Km, followed by BC with 11,749 Km and BC with
5,724 Km. It is important to mention the largest portion of this territory is
desert.
Roads and Highways
Total roads
National total
377,660
100.0%
Region total
88,416
23.4%
100.0%
Baja California
11,749
3.1%
13.3%
5,724
1.5%
6.5%
Chihuahua
13,272
3.5%
15.0%
Durango
15,559
4.1%
17.6%
Sinaloa
16,951
4.5%
19.2%
Sonora
25,161
6.7%
28.5%
Baja California Sur
17
% National
total % Regional
Competitiveness index
•
With data from the Mexican Competitiveness Institute, BCS occupies the second place of the country within the competitiveness
index, followed by Sonora from within the region in 8th position, BC at 12, Sinaloa 14, Chihuahua 19 and Durango all the way to 28.
Position in accordance to state com petitivenss index 2014
C o m pe t it iv e ne s
s
La w s ys t e m ,
c re dible &
o bje c t iv e
S us t a ina ble
m a na ge m e nt o f
e nv iro nm e nt
Inc lus iv e , pre pa re d
a nd he a lt hy s o c ie t y
F unc io t a nl a nd s t a ble
po lit ic a l s ys t e m
2
13
2
5
14
Sonora
8
16
11
9
21
Baja California
12
26
15
10
19
Sinaloa
14
25
9
12
6
Chihuahua
19
30
31
19
11
Durango
28
23
19
21
26
State
Baja California Sur
Position in accordance to state competitivenss index 2014
State
Baja California Sur
E f f ic ie nt a nd
e f f c t iv e
go v e rnm e nt s
La bo r m a rk e t
S t a ble e c o no m y
Init ia t o r s e c t o rs
T a k ing a dv a nt a ge
int e rna t io na l re la t io ns
Ino v a t io n o f
e c o no m ic s e c t o rs
22
1
4
2
2
21
Sonora
8
2
21
6
14
10
Baja California
10
22
17
9
4
12
Sinaloa
14
4
7
5
23
22
Chihuahua
7
25
31
11
1
14
Durango
21
29
24
30
13
18
Source: Índice de Competitividad Estatal 2014, IM CO.
30
State competitiveness index 2014
28
25
19
20
14
15
12
8
10
5
2
0
Baja
California
Sur
Sonora
Baja
California
18
Sinaloa
Chihuahua
Durango
Industrial Parks
•
Region has 66 industrial parks, outstanding BC with 78, Chihuahua with 38, Sonora 31, Sinaloa 12, Durango 5 and BCS dos.
Industrial Parks
Baja California
Baja California Sur
Sonora
Sinaloa
Chihuahua
Durango
Ciudad Industrial Nogales
Costa Rica
American Industries
Fideicomiso de la Cd. Industrial de Durango
Área Industrial Omega
PI Gómez Palacio
Agua Azul
Las Californias
Centro Industrial La Paz-Sur
Area industrial Independencia
Los Insurgentes
Parque Tecnológico BioHelis Ciudad Industrial Nogales 2 DISA
ATISA
Los Olivos
Dinisa
El Burrión
Brasa Desarrollos
PI Laguna
Baja Maq. Insurgentes
Los Pinos I y II
Lanix Industrial Park
El Trebol
Complejo Industrial Parral
PI Lerdo
Bustamente
Los Potros
Parque Agroindustrial ITSON PI Alfredo I. Bonfil
Complejo Indistrial AeropuertoZona de Conectividad Durango
California
Luna Park
PI Bellavista
PI Canacintra I
CI Chihuahua
Centro industrial Arbolada/AFAL
Luna Park II
PI de Caborca
PI Canacintra II
CI Cuauhtemoc
Centro industrial Barranquita
Mexicali I, II, III, IV y V
PI de Cananea
PI de Los Mochis
Gema Industrial Prak I
Centro industrial Ferrocarril
Misión del Rosarito
PI de Ciudad Obregón
PI del Evora
Gema Industrial Prak II
Centro industrial FIM HER
Misiones
PI de Ciudad de Empalme
PI La Primavera
Grupo Industrial Camargo
Centro industrial Fundadores
Morelos
PI de Ciudad de Navojoa
PI Mazatlán
PI Omega
Centro industrial La Campiña
Nuevo Centro Industrial y Comercial
PI de Ciudad de Nogales
PI Pesquero del Puerto de Topolobampo
Parque Fma de Delicias
Centro industrial Las Brisas 2a sección Pacífico
PI Dynamica
PI AeroJuárez
Centro industrial Los Pinos
Incubador de Empresas
PI Dynatech I
PI Aeropuerto
Centro industrial ONIX
EX-XXI
PI Dynatech II
PI Antonio Bermudez
Cerro Colorado
Azteca
PI Dynatech III
PI Cuauhtemoc
Cerro de las Abejas
Cachanilla
PI Dynatech IV
PI Delicias
Chapultepec
El Álamo
PI Dynatech V
PI El Saucito
Cia. Inmobiliaria FIMSA
El Rey
PI Dynatech South
PI Gema II
Cd. Industrial Mesa de Otay
El Sahuaro
PI El CID
PI Impulso
Colinas
El Vigía
PI El CID Nogales
PI Intermex
Constructora VEHCSA
El Vigía II
PI El Raquet
PI Intermex Aeropuerto
Cucapah (Centro Industrial Juárez)
Grupo AFAI
PI El Río
PI Intermex Carolinas
Desarrollo Industrial El Colorado
Insurgentes
PI Internacional
PI Intermex Norte
Desarrollo Industrial La Joya
La Mesa II
PI Nuevo Nogales
PI Intermex Sur
El Bajío/Industria Cachanilla
Las Brisas
PI Pimex
PI Juárez
El Florido
Nelson
PI Prime
PI Las Alamedas
El Lago
Palaco
PI Pueblo Nuevo
PI Las Américas
El Rosario
Progreso
PI Roca Fuerte
PI Las Américas de Juárez
El Sauzal
Tecate
PI San Carlos Unidad Oriente
PI Los Aztecas
Fábricas y Bodegas
Tecnológico
PI San Carlos Unidad Poniente
PI Los Fuentes
Frontera
Tecnomex
PI San Ramon
PI NorthGate
Garita de Otay
Park
Pueblo Nuevo
PI Panamericano
Grupo Afal
Presidentes
Pi Paquime
Grupo Los Olivos
Productos Marinos
PI Rio Bravo
Insurgentes II
Progreso II
PI Supra
Internacional Tijuana
Promotora Industrial Mexicali
Pi Zaragoza
La Gravera
Rosarito
Prologis Salvacar Industrial Park
La Mesa II
Tecate Gateway Complejo Industrial
Ramon River Lara Industrial Park
Valle del Sur II
Valle Bonito
VCB Industrial Park (Vesta)
Valle del Sur
Zona Industrial Vista I
Zona Industrial Vista II
19
Company generation
• Of the regions states, Durango is the state with the highest company generation between 2009 and 2014, recording a
615% growth, although this figure is relatively low in comparison with other states. It’s followed by Sinaloa with 52%
adding 15,937 companies. Nevertheless, in regard to numbers Chihuahua outstands in the region with 36,590. Sonora
has 6,827 companies and a growth of only 0.2%.
• BC recorded a fall of company generation with a -11.4% CAGR since 2009. It added 9,976 companies in 2014 in
accordance to SIEM records.
Entity
Num ber com panies regis tered in SIEM
Var
2014/2009
2009
2010
2011
2012
2013
2014
7,292
6,220
6,320
5,070
5,290
5,632
-22.8%
BC
11,263
11,737
11,487
11,420
11,244
9,976
-11.4%
BCS
12,681
12,856
11,816
14,003
13,993
12,774
0.7%
6,982
7,102
6,786
7,096
7,553
8,475
21.4%
11,622
12,555
12,895
13,816
17,318
18,762
61.4%
741
998
1,538
1,599
1,785
1,795
142.2%
21.9%
Aguas calie nte s
Cam pe che
Coahuila
Colim a
Chiapas
Chihuahua
DF
Durango
3,567
3,632
4,647
4,607
4,590
4,347
30,550
28,838
32,354
36,686
39,463
36,590
19.8%
110,464
93,162
98,950
94,111
92,055
78,810
-28.7%
616.2%
1,147
1,172
1,343
1,713
6,586
8,215
34,335
41,196
47,489
50,233
46,674
40,851
19.0%
1,308
1,956
2,230
2,548
2,295
2,664
103.7%
Hidalgo
18,684
21,940
25,943
19,264
16,466
14,094
-24.6%
Jalis co
93,274
99,249
99,730
90,974
81,854
60,960
-34.6%
M é xico
88,879
94,826
83,764
74,756
71,768
63,130
-29.0%
M ichoacán
20,248
30,444
41,878
50,577
59,786
60,778
200.2%
3,982
3,824
2,929
3,358
3,459
3,178
-20.2%
Nayarit
13,898
13,621
11,592
11,801
11,285
9,865
-29.0%
NL
14,502
15,306
16,191
16,304
16,214
17,820
22.9%
Oaxaca
4,733
3,970
4,379
4,272
4,634
4,471
-5.5%
Pue bla
11,390
17,432
22,398
25,631
28,032
22,813
100.3%
Que ré taro
39,342
48,015
56,256
53,986
51,869
53,562
36.1%
Quinatana Roo
31,544
28,576
25,453
22,412
21,794
23,186
-26.5%
SLP
13,413
12,946
13,284
13,970
14,471
12,937
-3.5%
Sinaloa
10,450
9,853
9,877
11,911
13,320
15,937
52.5%
Sonora
6,816
6,067
5,527
6,252
6,699
6,827
0.2%
Tabas co
8,651
9,379
9,336
8,709
8,210
7,498
-13.3%
Tam aullipas
22,754
20,383
19,396
17,975
21,581
24,712
8.6%
Tlaxcala
12,977
12,277
10,743
10,171
9,677
9,250
-28.7%
Ve racruz
35,096
36,286
37,290
41,755
53,190
57,078
62.6%
Yucatán
28,554
30,934
33,842
37,704
33,391
31,358
9.8%
8,515
9,607
10,901
12,194
13,214
14,510
70.4%
719,654
746,359
778,564
776,878
789,760
742,855
3.2%
Guanajuato
Gue rre ro
M ore los
Zacate cas
Total
Source: Sistema de Inf ormación Empresarial Mexciano (SIEM)
20
The region concentrates a total of 90,319
thousand companies in 2014 recorded in
SIEM, representing a 12.1% of national total.
Malls
Malls
Baja California
Baja California Sur
Chihuahua
Mexicali
Cabo San Lucas
Chihuahua
Plaza La Cachanilla (Fashion Mall)
Sendero Los Cabos (Town Center):
Fashion Mall Chihuahua
Plaza Nuevo Mexicali (Community Center)
Puerto Paraíso (LifeStyle Center)
Plaza Galerías
Plaza Galerías del Valle (Community Center)
Plaza San Lucas (Town Center)
Ciudad Juárez
Plaza San Pedro (Town Center)
Chedraui San Lucas (Power Center)
CC Las Misiones
Plaza Carranza (Town Center)
La Paz
Plaza Sendero Juárez
Plaza Lienzo (Town Center)
Plaza Nautica (Servicios
Rio Grande Mall
Plaza Fiesta (Power Center)
The Shoppes At La Paz (LifeStyle Center)
Plaza Juárez Mall
Plaza Fimbres (Power Center)
Plaza La Paz (Centro Comercial Común)
Plaza Monumental
Tecate
Punto La Paz (LifeStyle Center)
Galerias Tec
Plaza Los Encinos (Power Center)
Paseos de La Paz (Power Center):
Plaza de Las Americas
Rosarito
Walmart Cola de Ballena (Power Center):
Plaza Las Torres
Pabellón Rosarito (Community Center)
San José del Cabo
Gran Patio Zaragoza
Ensenada
Plaza La Cascada (Centro Comercial Común
Pradera Dorada
Westfield MacroPlaza Del Mar (Fashion Mall)
Plaza Peninsula (Galería Comercial):
Centro Comercial Misión - Ensenada - Community Center
Patio CaboLey (Strip Mall):
Plaza Marina - Ensenada - Fashion Mall
Plaza San José del Cabo (Power Center):
Plaza Bahia - Ensenada - Power Center
Chedraui San José del Cabo (Power Center):
Plaza Transpeninsular - Ensenada - Power Center
Súper Plaza (Galería Comercial):
Plaza Caracol - Ensenada - Community Center
Plaza San José Viejo (Power Center)
Plaza Santa Lucía - Ensenada - Power Center
Plaza California (Galería Comercial):
Plaza Hussong's - Ensenada - Community Center
Plaza Mauina - Ensenada - Community Center
Tijuana
Plaza Rio Tijuana (Fashion Mall)
Centro Comercial Otay (Community Center)
MacroPlaza Insurgentes (Fashion Mall)
Plaza Monarca (Community Center)
Plaza Agua Caliente (Fashion Mall)
Plaza Carrusel (Community Center)
Centro Comercial Minarete (Community Center)
Plaza Americana Otay (Community Center)
Plaza Pavilion (Power Center)
Plaza Loma Bonita (Town Center)
Plaza Papalote (Town Center)
Plaza La Pajarita (Power Center)
Galerias Hipodromo (Fashion Mall)
21
Malls
Malls
Cohauila
Durango
Sinaloa
Sonora
Saltillo
Durango
Culiacán
Ciudad Obregón
Galerías Saltillo
Paseo Durango
Plaza FORUM
Plaza Tutuli
Plaza Sendero
Plaza Galas
Plaza Cinépolis
Plaza Obregón
Plaza Real Saltillo
Plaza Jardines
Plaza de la tecnología
Patio Ciudad Obregón
Plaza Nogalera
Paseo Constitucion
Plaza Galerías San Miguel
Guaymas
Torreón
Victoria de Durango
Mazatlán
Gran Patio Guaymas
Galerías Laguna
Plaza Comercial Puerta Poniente
La Gran Plaza Mazatlán - Mazatlán
Hermosillo
Plaza Cuatro Caminos
Gómez Palacio
Galerías Mazatlán - Mazatlán
Galerías Mall Sonora
Intermall
Plaza Cristal
Plaza Sendero Mazatlán - Mazatlán
Plaza Sendero
Plaza Real Torreón
Los Mochis
Grand Kino
Plaza del Angel
Paseo Los Mochis
Plaza Morelos
Plaza Hipermart
Plaza Girasol
Plaza San Isidro
Plaza Dila
Plaza El Fresno
Pabellón Reforma
Plaza Monaco
City Center Pitic
Plaza La Marina
Plaza Quiroga
Plaza Fundadores
Plaza Hermosillo
Plaza Saulo
Navojoa
Plaza Aurora
Patio Navojoa
Plaza Florencia
Nogales
Plaza de la Tecnología
Nogales Mall
Fashion Outlet
San Luis Río Colorado
Plaza Herradura -
22
Commercial banking loans
• Region participates with 4.7% of total commercial bank loans to states, adding MP 155,198 million top 1Q15, outstanding
Chihuahua with MP 39,094 million, followed by Sinaloa with MP 37,500, Sonora with MP 35,224, BC with MP 25,414 and at the end
BCS with MP 6,519 million.
Commercial banking loans
1Q-14
2Q-14
3Q-14
4Q-14
1Q-15
Participation
2,924,182
2,992,003
3,050,365
3,222,668
3,278,267
100.0%
DF
864,231
886,198
922,459
1,009,307
1,038,967
31.7%
NL
186,914
195,854
203,171
214,740
220,784
6.7%
México
96,160
99,415
101,572
100,376
97,399
3.0%
Jalisco
88,639
89,320
87,056
94,657
91,952
2.8%
Coahuila
53,147
53,843
52,999
55,649
58,741
1.8%
Veracruz
45,305
46,262
43,948
51,098
46,119
1.4%
Chihuahua
39,094
39,783
39,960
46,478
46,877
1.4%
Guanajuato
37,679
39,051
40,123
41,839
45,738
1.4%
Sinaloa
37,500
41,829
37,831
39,850
42,705
1.3%
Sonora
35,224
35,722
34,673
38,047
40,494
1.2%
Qroo
33,125
31,827
33,708
36,980
38,756
1.2%
Tam aulipas
32,030
32,521
32,270
34,379
34,907
1.1%
Puebla
30,819
31,457
33,590
35,674
34,422
1.0%
BC
25,414
27,392
26,014
28,492
27,110
0.8%
Michoacán
24,226
24,069
24,975
27,150
26,322
0.8%
SLP
17,735
19,032
19,965
19,957
18,151
0.6%
Querétaro
17,635
18,938
17,333
17,600
18,256
0.6%
Yucatán
12,649
12,473
12,137
12,407
14,215
0.4%
Zacatecas
12,210
12,622
13,108
16,232
17,086
0.5%
Durango
11,448
10,383
10,521
11,672
11,917
0.4%
Tabasco
10,124
9,092
9,000
9,184
8,987
0.3%
Morelos
9,935
10,287
10,629
10,118
10,593
0.3%
Chiapas
8,821
9,620
9,973
9,702
9,534
0.3%
Aguascalientes
8,775
8,950
7,904
8,561
8,907
0.3%
Nayarit
8,758
8,786
8,513
6,460
6,268
0.2%
Cam peche
8,473
9,010
7,403
8,499
7,645
0.2%
Hidalgo
6,918
8,960
8,649
9,039
9,060
0.3%
Total
BCS
Colim a
6,519
4,631
5,753
4,635
6,585
4,861
8,375
4,972
7,343
0.2%
5,520
0.2%
Guerrero
4,551
4,285
4,290
4,196
3,912
0.1%
Oaxaca
3,921
3,845
3,370
5,980
6,035
0.2%
Tlaxcala
3,332
2,830
2,910
2,927
2,775
0.1%
So urce: A ctinver with SCT data
23
Commercial banking loons, million pesos
National
Regional
Am ount participation participation
National total
Regional total
3,278,266.8
100.0%
155,198.9
4.7%
100.0%
BC
25,414
0.8%
16.4%
BCS
6,519
0.2%
4.2%
Chihuahua
39,094
1.2%
25.2%
Durango
11,448
0.3%
7.4%
Sinaloa
37,500
1.1%
24.2%
Sonora
35,224
1.1%
22.7%
State participation in NIP, investment
projects
Most relevant projects by investment amount
Project
Description
Segm ent
State
Norte III
Combined Cycle Plant capacity 954 MW
Energy (CFE)
Chihuahua
Investm ent
Million
Pesos
12,895
Ojinaga-El Encino
Pipeline length 254 km
Energy (CFE)
Chihuahua
5,160
Waha –Central Eléctrica “Norte III”(cerca de Samalayuca)
Energy (CFE)
Chihuahua
7,095
Samalayuca –Sásabe
Energy (CFE)
Regional
10,836
Energy (CFE)
Regional
1,937
Transportadora de Gas Natural del Noroeste
Natutal gas system for transportation of natural gas called "El Encino-Mazatlán"
Energy (CFE)
Regional
15,942
CC Norte IV (Lerdo)
Energy (CFE)
Durango
11,001
El Encino-La Laguna
Energy (CFE)
Durango
8,385
La Laguna-Centro
Energy (CFE)
Durango
11,610
CC Noroeste (Topolobampo II)
Energy (CFE)
Sinaloa
13,655
CC Topolobampo III
Energy (CFE)
Sinaloa
11,968
CC Mazatlan
Energy (CFE)
Sinaloa
7,807
Red de Transmisión Asociada a la central CC Mazatlán
3 Electric substations a d2 transmission lines
Energy (CFE)
Regional
2,405
CC Guaymas II
Energy (CFE)
Sonora
10,699
CC Guaymas III
Energy (CFE)
Sonora
9,148
CC Baja California II (SLRC)
Energy (CFE)
Sonora
5,034
Gasoducto de Aguaprieta
Sistema denominado "Gasoducto Sonora"
Energy (CFE)
Regional
14,385
Compromiso de Gobierno-098
Construction of dam Santa María
Hydraulic
Sinaloa
7,381
Red de Transmisión Asociada a la central CC Francisco Villa (Norte V) 3 Electric substations a d2 transmission lines
Source: PNI
Infrastructure projects NIP 2014-2018
National total
7,750,551
100%
167,344
2%
Chihuahua
25,150
15%
Durango
30,996
19%
Sinaloa
40,811
24%
Sonora
24,881
15%
Part. Interstate
45,505
27%
Regional total
27%
15%
Chihuahua
Durango
Sinaloa
19%
Sonora
Part. Interstate
15%
24%
24
Departamentos de Análisis Económico, Cuantitativo y Deuda
Análisis Económico y Cuantitativo
Ismael Capistrán Bolio
Director Análisis Económico y
Cuantitativo
(52) 55 1103-6600x6636
[email protected]
Jaime Ascencio Aguirre
Economía y Mercados
(52) 55 1103-6600 x1100
[email protected]
Roberto Ramírez Ramírez
Análisis Cuantitativo
(52) 55 1103-6600x1672
[email protected]
Santiago Hernández
Morales
Análisis Cuantitativo
(52) 55 1103-6600 x4133
[email protected]
Roberto Galván González
Análisis Técnico
(52) 55 1103 -66000x5039
[email protected]
Análisis de Deuda
Araceli Espinosa Elguea
Directora de Análisis de Deuda
(52) 55 1103 -66000x6641
[email protected]
Jesús Viveros Hernández
Análisis de Deuda
(52) 55 1103 -66000x6649
[email protected]
(52) 55 1103-6600x4132
[email protected]
Mauricio Arellano Sampson
Análisis de Deuda
25
Departamento de Análisis Fundamental
Análisis Fundamental
Gustavo Terán Durazo,
CFA
Analistas Senior
Director Análisis Fundamental
(52) 55 1103-6600x1193
[email protected]
Martín Lara
Telecomunicaciones, Medios y Financiero
(52) 55 1103-6600x1840
[email protected]
Carlos Hermosillo Bernal
Consumo
(52) 55 1103-6600x4134
[email protected]
Pablo Duarte de León
Fibras y Hoteles
(52) 55 1103-6600x4334
[email protected]
Pablo Abraham Peregrina
Minería, metales, papel y Conglomerados
(52) 55 1103-6600x1395
[email protected]
Ramón Ortiz Reyes
Cemento, Construcción y Concesiones
(52) 55 1103-6600x1835
[email protected]
Federico Robinson Bours
Carrillo
Energía, Petroquímicos e Industriales
(52) 55 1103-6600x4127
[email protected]
Juan Ponce
Telecomunicaciones, Medios y Financiero
(52) 55 1103-6600x1693
[email protected]
Ana Cecilia González
Rodríguez
Fibras y Hoteles
(52) 55 1103-6600x4136
[email protected]
Enrique Octavio Camargo
Delgado
Energía, Petroquímicos e Industriales
(52) 55 1103-6600x1836
[email protected]
José Antonio Cebeira
González
Consumo
(52) 55 1103-6600x1394
[email protected]
Analistas Junior
26

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