The National Institute of Statistics and Geography (Inegi) reported on Wednesday that in 2023, income from the supply of goods and services in wholesale trade totaled nine billion 713 million 574 thousand 966 pesos , which meant an annual increase of 4.8% .

According to the results of the Annual Trade Survey (EAC) , the agency also announced that 49% of said income corresponded to agricultural and forestry raw materials for the industry, and waste materials. This was followed by wholesale trade of groceries, food, beverages, ice and tobacco, with 24.2% , and the wholesale trade intermediation subsector, with 0.1 percent .

In its report, it indicated that the subsectors with the greatest growth were those specialized in machinery, equipment and furniture for agricultural, industrial, service and commercial activities, and other machinery and equipment for general use with 12.6% , as well as the intermediation sector with 21.2 percent .

Meanwhile, revenue from the supply of goods and services in retail trade totaled nine billion 277 million 724 thousand 904 pesos , which represented a growth of 7.8% compared to 2022.

The largest contribution to the sector’s revenues was made by the distribution of motor vehicles, spare parts, fuels and lubricants, with 30.5 percent. This was followed by retail trade in self-service and department stores, with 27.9 percent. According to the survey, the subsectors with the greatest growth were trade exclusively through the Internet and printed catalogs, television and similar, and self-service and department stores.

In turn, the total employed personnel in wholesale trade was one million 714 thousand 651 people and in retail trade it was six million 213 thousand 516 .

Regarding fixed assets, he stressed that companies invested the most in real estate : 26.2% corresponded to wholesale trade and 52.8%  to retail trade. The lowest investment item for both commercial sectors was computer equipment and peripherals, with shares of 4.2% and 6.1% , respectively.

These results come in the context of a 1.5 % year-on-year growth of the Mexican economy during the third quarter of 2024, which was driven by primary activities (agriculture, fishing and livestock), which in the period registered a 3.8% year-on-year increase, according to figures from Inegi.

According to the agency, the rise in the economy exceeded market expectations and broke a streak of seven consecutive quarters of deceleration.

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