Metal Ore Mining

Industry Group (2122)

 2021-Q3: $1.37T MX, Gross Domestic Product

DENUE May 2020: 414, Economic units

Jan-Sep 2021: US$1.57B, Foreign Direct Investment

2021-Q2 : $10.6k MX, Average Monthly Salary

2021-Q2 : 63.4k, Workforce

2021-Q2 : 8.9%, Female Workforce

2021-Q2: 34.7, Average Age

In the third quarter of 2021 the gross domestic product was $1.37T MX, 4.02% more than the previous quarter.

According DENUE 2021, Metal Ore Mining registered 414 economic units. The states with the highest number of economic units were Sonora (77), Chihuahua (65), and Zacatecas (56).

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 2021 in Metal Ore Mining the workforce was 63.4k people, 91.1% men and 8.9% women. In addition, the average monthly salary informed was $10.6k MX.

During the same period, occupations with the highest number of workers in Metal Ore Mining were Machine Operators and Equipment Extraction and Mining and Quarrying, Miners and Workers in Extracting Metal Ore Mining, and Support Workers in Various Administrative Activities.

At the state level, the occupied population of Metal Ore Mining was concentrated in List Chihuahua,Durango,Sonora.

The average age of workers in Metal Ore Mining in the second quarter of 2021 was 34.7 years. In the same period, the average schooling of the workforce of Metal Ore Mining, was 10.6 years.

Salaries and Workforce

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Average Monthly Salary 2021-Q2: $10.6k MX

Working population 2021-Q2: 63.4k

In the second quarter of 2021, the workforce in Metal Ore Mining it was of 63.4k people, 91.1% men with a reported average monthly salary of $10.9k MX and 8.9% women with a salary of $6.73k MX.

Of the total employed population, 87% of the total workforce were formal workers with an average monthly salary of $11.2k MX, while he 13% corresponds to informal workers with an average salary of $6.43k MX.

Salaries and Workforce by Occupations and States

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In the second quarter of 2021 the occupations with the highest number of workers were Machine Operators and Equipment Extraction and Mining and Quarrying, Miners and Workers in Extracting Metal Ore Mining, and Support Workers in Various Administrative Activities.

At the state level, the workforce of Metal Ore Mining was concentrated on Chihuahua, Durango, and Sonora.

Gross Domestic Product

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Gross domestic product 2021-Q3: $1.37T MX

Gross Domestic Product 2020: $918B 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 2021, Mining, Quarrying, and Oil and Gas Extraction recorded a gross domestic product of $1.37T MX, evidencing an increase of 4.02% compared to the previous quarter and an increase of 37.3% 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

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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.

Production Indicators by Municipality

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According to dato from Economic Census 2014, Metal Ore Mining had a total of 66 economic units and the municipalities with the highest number of economic units were Manzanillo (12), Hidalgo del Parral (7), and Cuencamé (5)

Total income eached $10.3B MX and the municipalities with the highest income were Santa Bárbara ($2.27B MX), Chalchihuites ($1.91B MX), and Sombrerete ($1.91B MX).

Total expenditures were $4.15B MX and the municipalities with the highest expenditures were Cuencamé ($872M MX), Manzanillo ($696M MX), and Santa Bárbara ($646M MX).

On the other hand, in 2014 there were 4544 employees dependent on economic units and the municipalities with the highest number of employees were Santa Bárbara (1.64k), Cuencamé (960), and Sombrerete (503).

* 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

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The visualization shows the number of economic units in Metal Ore Mining according to the number of employees.

According to DENUE data published in November 2021, 179 companies with 0 to 10 employees were registered (1 companies less than the previous period). In the same period, 102 companies with 11 to 50 employees were registered (1 companies less than the previous period).

18 companies with 51 to 100 employees were registered in 2021 (equal number of companies as the previous period). Likewise, 113 companies with more than 101 employees were registered (equal number of companies as the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$1.57B, FDI Jan-Sep 2021
  • US$26.7B, FDI Jan-1999 to Sep-2021

In the period January to September 2021, FDI from Metal Ore Mining was US$1.57B, distributed in inter-company debts (US$930M), reinvestment of earnings (US$584M), and equity Capital (US$56.8M).

Since January 1999 to September 2021, the accumulated amount of FDI in Metal Ore Mining was US$26.7B, distributed in reinvestment of earnings (US$12.6B), equity Capital (US$8.28B), and inter-company debts (US$5.84B).

* Confidential data is not shown in the chart (see information icon in the section).

* Due to the confidentiality of the data, the quarterly breakdown by type of investment does not show reinvestment of earnings.

Foreign Direct Investment (FDI) by State

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Period Jan-Sep 2021: US$659M, Zacatecas is the main receiving state

Period Jan-1999 to Sep-2021: US$8.28B, Zacatecas is the main receiving state

From January to September 2021, the states that received the highest FDI for Metal Ore Mining were Zacatecas (US$659M), Guerrero (US$250M), and Chihuahua (US$238M).

Historically (from January 1999 to September2021) the states that have received the highest FDI are Zacatecas (US$8.28B), Chihuahua (US$4.05B), and Guerrero (US$3.19B).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Main investing country between Jan-Sep 2021: United States, US$452M

Main investing country between Jan-1999 and Sep-2021: Canada, US$16.8B

During January to September de 2021, the main countries of origin of FDI for Metal Ore Mining were United States (US$452M), Canada (US$376M), and Switzerland (Confidential).

Historically (from January 1999 to September de 2021) the countries that contributed the most to FDI were United States (US$452M), Canada (US$376M), and Switzerland (Confidential).

* Information download does not contain confidential data.

Diversification Frontier

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The Affinity-Complexity visualization compares the risk and strategic value of a potential industry's opportunities in a territory. Affinity  is a predictor of the probability that a state increases its market size in an industry. Complexity  is associated with higher levels of income, potential for economic growth, lower levels of inequality and lower emissions.

Specialization and Opportunity

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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).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2021-Q2: 34.7

Average Years of Schooling 2021-Q2: 10.6

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 2021 in Metal Ore Mining the average age for women was 34.1 years and the average schooling was 11.2 years.

The average age of men in the Metal Ore Mining workforce was 34.7 years, while the average schooling was 10.5 years during second quarter of 2021.

* The visualization omits the range of schooling "Not Specified".