Industry Group (2122)
2024-Q2: $872B MX, Gross Domestic Product
DENUE May 2024: 429, Economic units
Jan-Jun 2024: US$2.17B, Foreign Direct Investment
2024-Q2 : $10.2k MX, Average Monthly Salary
2024-Q2 : 175k, Workforce
2024-Q2 : 11.1%, Female Workforce
2024-Q2: 40.9, Average Age
In the second quarter of 2024 the gross domestic product was $872B MX, 4.51% more than the previous quarter.
According DENUE 2024, Metal Ore Mining registered 429 economic units. The states with the highest number of economic units were Sonora (73), Chihuahua (70), and Zacatecas (59).
According to data from the Economic Census 2019, total gross production was $182B MX. The states with the highest total gross production were Sonora ($108B MX) and Zacatecas ($28.8B MX).
For its part, total income reached $189B MX in 2019, being the states with the highest income Sonora ($114B MX) and Zacatecas ($29.4B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Metal Ore Mining the states with the highest affinity were Chihuahua (0.77), Sonora (0.76), Coahuila de Zaragoza (0.72), Nuevo León (0.7), and Baja California (0.65).
During the second quarter of 2024 in Metal Ore Mining the workforce was 175k people, 88.9% men and 11.1% women. In addition, the average monthly salary informed was $10.2k MX.
During the same period, occupations with the highest number of workers in Metal Ore Mining were Miners and Workers in Extracting Metal Ore Mining, Machine Operators and Equipment Extraction and Mining and Quarrying, and Drivers of Mobile Machinery for Construction and Mining.
At the state level, the occupied population of Metal Ore Mining was concentrated in List Chihuahua,Sonora,Zacatecas.
The average age of workers in Metal Ore Mining in the second quarter of 2024 was 40.9 years. In the same period, the average schooling of the workforce of Metal Ore Mining, was 12.1 years.
Average Monthly Salary 2024-Q2: $10.2k MX
Working population 2024-Q2: 175k
In the second quarter of 2024, the workforce in Metal Ore Mining it was of 175k people, 88.9% men with a reported average monthly salary of $10.1k MX and 11.1% women with a salary of $11.2k MX.
Of the total employed population, 95.7% of the total workforce were formal workers with an average monthly salary of $10.3k MX, while he 4.28% corresponds to informal workers with an average salary of $7.78k MX.
In the second quarter of 2024 the occupations with the highest number of workers were Miners and Workers in Extracting Metal Ore Mining, Machine Operators and Equipment Extraction and Mining and Quarrying, and Drivers of Mobile Machinery for Construction and Mining.
At the state level, the workforce of Metal Ore Mining was concentrated on Chihuahua, Sonora, and Zacatecas.
Gross domestic product 2024-Q2: $872B MX
Gross Domestic Product 2023: $853B 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 second quarter of 2024, Mining, Quarrying, and Oil and Gas Extraction recorded a gross domestic product of $872B MX, evidencing an increase of 4.51% compared to the previous quarter and an increase of 4.93% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
According to data from the Economic Census 2019, 302 economic units were totaled in Metal Ore Mining, highlighting Sonora (57), Chihuahua (46), and Zacatecas (39).
Total gross production was $182B MX. The states with the highest total gross production were Sonora ($108B MX) and Zacatecas ($28.8B MX).
Total income reached $189B MX in 2019, being the states with the highest income Sonora ($114B MX) and Zacatecas ($29.4B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
According to dato from Economic Census 2014, Metal Ore Mining had a total of 198 economic units and the municipalities with the highest number of economic units were Manzanillo (36), Hidalgo del Parral (21), and Cuencamé (15)
Total income eached $30.9B MX and the municipalities with the highest income were Santa Bárbara ($6.8B MX), Chalchihuites ($5.74B MX), and Sombrerete ($5.72B MX).
Total expenditures were $12.4B MX and the municipalities with the highest expenditures were Cuencamé ($2.62B MX), Manzanillo ($2.09B MX), and Santa Bárbara ($1.94B MX).
On the other hand, in 2014 there were 13632 employees dependent on economic units and the municipalities with the highest number of employees were Santa Bárbara (4.92k), Cuencamé (2.88k), and Sombrerete (1.51k).
* 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.
The visualization shows the number of economic units in Metal Ore Mining according to the number of employees.
According to DENUE data published in May 2024, 154 companies with 0 to 10 employees were registered (2 companies less than the previous period). In the same period, 121 companies with 11 to 50 employees were registered (1 companies less than the previous period).
27 companies with 51 to 100 employees were registered in 2024 (1 companies less than the previous period). Likewise, 127 companies with more than 101 employees were registered (3 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
In the period January to June 2024, FDI from Metal Ore Mining was US$2.17B, distributed in reinvestment of earnings (US$2.19B), equity Capital (Confidential), and inter-company debts (-US$12.5M).
Since January 1999 to June 2024, the accumulated amount of FDI in Metal Ore Mining was US$34.1B, distributed in reinvestment of earnings (US$19.3B), equity Capital (US$9.09B), and inter-company debts (US$5.67B).
* Confidential data is not shown in the chart (see information icon in the section).
Period Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$9.34B, Zacatecas is the main receiving state
No FDI is recorded in the period January to June, 2024
Historically (from January 1999 to June2024) the states that have received the highest FDI are Zacatecas (US$9.34B), Sonora (US$5.3B), and Chihuahua (US$4.47B).
* Information download does not contain confidential data.
Periodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: Canada, US$16.5B
No FDI is recorded in the period January to June of 2024.
Historically (from January 1999 to June de 2024) the countries that contributed the most to FDI were Canada (Confidential), United Kingdom (Confidential), and United States (-US$32.1M).
* Information download does not contain confidential data.
The states with the highest degree of development opportunity in Metal Ore Mining according to Relatedness were Nuevo León (0.7), Baja California (0.65), and Querétaro (0.61). 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).
Average Age 2024-Q2: 40.9
Average Years of Schooling 2024-Q2: 12.1
The visualization shows the workforce of Metal Ore Mining by age group and years of schooling, comparing men and women.
In the second quarter of 2024 in Metal Ore Mining the average age for women was 35.7 years and the average schooling was 12.7 years.
The average age of men in the Metal Ore Mining workforce was 41.6 years, while the average schooling was 12 years during second quarter of 2024.
* The visualization omits the range of schooling "Not Specified".