ProceduresGovernment

Metal Ore Mining

Industry Group (2122)

 2023-Q4: $981B MX, Gross Domestic Product

DENUE November 2023: 436, Economic units

Jan-Dec 2023: US$2.09B, Foreign Direct Investment

2023-Q4 : $11.7k MX, Average Monthly Salary

2023-Q4 : 171k, Workforce

2023-Q4 : 9.56%, Female Workforce

2023-Q4: 38.1, Average Age

In the fourth quarter of 2023 the gross domestic product was $981B MX, 0.4% more than the previous quarter.

According DENUE 2023, Metal Ore Mining registered 436 economic units. The states with the highest number of economic units were Sonora (79), Chihuahua (71), and Zacatecas (60).

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 fourth quarter of 2023 in Metal Ore Mining the workforce was 171k people, 90.4% men and 9.56% women. In addition, the average monthly salary informed was $11.7k 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, Drivers of Mobile Machinery for Construction and Mining, and Machine Operators and Equipment Extraction and Mining and Quarrying.

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

The average age of workers in Metal Ore Mining in the fourth quarter of 2023 was 38.1 years. In the same period, the average schooling of the workforce of Metal Ore Mining, was 11.1 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $11.7k MX

Working population 2023-Q4: 171k

In the fourth quarter of 2023, the workforce in Metal Ore Mining it was of 171k people, 90.4% men with a reported average monthly salary of $11.6k MX and 9.56% women with a salary of $12.6k MX.

Of the total employed population, 93.5% of the total workforce were formal workers with an average monthly salary of $11.7k MX, while he 6.52% corresponds to informal workers with an average salary of $11.2k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2023 the occupations with the highest number of workers were Miners and Workers in Extracting Metal Ore Mining, Drivers of Mobile Machinery for Construction and Mining, and Machine Operators and Equipment Extraction and Mining and Quarrying.

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

Gross Domestic Product

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Gross domestic product 2023-Q4: $981B MX

Gross Domestic Product 2023: $984B 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 fourth quarter of 2023, Mining, Quarrying, and Oil and Gas Extraction recorded a gross domestic product of $981B MX, evidencing an increase of 0.4% compared to the previous quarter and a drop of 1.14% 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 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.

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 2023, 156 companies with 0 to 10 employees were registered (6 companies less than the previous period). In the same period, 122 companies with 11 to 50 employees were registered (4 companies more than the previous period).

28 companies with 51 to 100 employees were registered in 2023 (4 companies more than the previous period). Likewise, 130 companies with more than 101 employees were registered (2 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • US$2.09B, FDI Jan-Dec 2023
  • US$31.9B, FDI Jan-1999 to Dec-2023

In the period January to December 2023, FDI from Metal Ore Mining was US$2.09B, distributed in reinvestment of earnings (US$1.97B), inter-company debts (US$200M), and equity Capital (-US$81M).

Since January 1999 to December 2023, the accumulated amount of FDI in Metal Ore Mining was US$31.9B, distributed in reinvestment of earnings (US$17.1B), equity Capital (US$9.1B), and inter-company debts (US$5.68B).

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

Foreign Direct Investment (FDI) by State

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Period Jan-Dec 2023: US$0

Period Jan-1999 to Dec-2023: US$9.36B, Zacatecas is the main receiving state

No FDI is recorded in the period January to December, 2023

Historically (from January 1999 to December2023) the states that have received the highest FDI are Zacatecas (US$9.36B), Sonora (US$5.3B), and Chihuahua (US$4.47B).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Periodo Jan-Dec 2023: ---, US$0

Main investing country between Jan-1999 and Dec-2023: Canada, US$16.7B

No FDI is recorded in the period January to December of 2023.

Historically (from January 1999 to December de 2023) the countries that contributed the most to FDI were United States (US$518M), France (Confidential), and Spain (Confidential).

* Information download does not contain confidential data.

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 2023-Q4: 38.1

Average Years of Schooling 2023-Q4: 11.1

The visualization shows the workforce of Metal Ore Mining by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Metal Ore Mining the average age for women was 35.3 years and the average schooling was 13.3 years.

The average age of men in the Metal Ore Mining workforce was 38.4 years, while the average schooling was 10.9 years during fourth quarter of 2023.

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