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What are the major resources of Mexico and how does it effect the economy?
Wiki User
∙ 9y ago
Mexico is quite rich in Natural Resources, including hydrocarbons, as well as many minerals such as silver, bismuth, fluorspar, molybdenum, arsenic, graphite, copper, gold and iron. It has also many resources as result of its biodiversity, including a large fish catch and one of the largest productions in the world of many fruits and vegetables.
These resources are used by Mexican industries to produce finished goods, which then can be sold throughout Mexico or exported to other countries, such as the United States and Canada. Very few natural resources are exported in their raw or unrefined form, being petroleum and silver the most important among them.
For example, the single largest commodity export is oil, which accounts for USD 45.9 billions worth of exports, or 13.16% of all exports (2012). However, the largest family of exports from Mexico are motor vehicles (cars, trucks, tractors, motorcycles), accounting for USD 54.69 billion, or 15.69% of total exports.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoMexico is quite rich in natural resources, including hydrocarbons, as well as many minerals such as silver, bismuth, fluorspar, molybdenum, arsenic, graphite, copper, gold and iron. It has also many resources as result of its biodiversity, including a large fish catch and one of the largest productions in the world of many fruits and vegetables.
These resources are used by Mexican industries to produce finished goods, which then can be sold throughout Mexico or exported to other countries, such as the United States and Canada. Very few natural resources are exported in their raw or unrefined form, being petroleum and silver the most important among them.
For example, the single largest commodity export is oil, which accounts for USD 45.9 billions worth of exports, or 13.16% of all exports (2012). However, the largest family of exports from Mexico are motor vehicles (cars, trucks, tractors, motorcycles), accounting for USD 54.69 billion, or 15.69% of total exports.
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