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What industry besides tourism is most important to Mexico's economy?
Wiki User
∙ 8y ago
Manufacturing qualifies as such. Nowadays (2018) most foreign currency is acquired through exports of machinery, equipment and motor vehicles and parts, which contribute to 62% of total exports ($232 billion out of $374 billion for 2016).
A couple of decades ago, the answer would have been crude oil, but nowadays it only contributes to 4.7% of total exports due to diminishing reserves and lack of investment ($18 billion during 2016).
Stone Mraz
Wiki User
∙ 6y agoA couple of decades ago, the answer would have been crude oil, but nowadays it only contributes to 4.7% of total exports due to diminishing reserves and lack of investment ($18 billion during 2016).
Nowadays however, (2018), manufacturing qualifies as such. Most foreign currency is acquired through exports of machinery, equipment and motor vehicles and parts, which contribute to 62% of total exports ($232 billion out of $374 billion for 2016).
Wiki User
∙ 6y agoManufacturing qualifies as such. Nowadays (2018) most foreign currency is acquired through exports of machinery, equipment and motor vehicles and parts, which contribute to 62% of total exports ($232 billion out of $374 billion for 2016).
A couple of decades ago, the answer would have been crude oil, but nowadays it only contributes to 4.7% of total exports due to diminishing reserves and lack of investment ($18 billion during 2016).
Wiki User
∙ 6y agoManufacturing qualifies as such. Nowadays (2018) most foreign currency is acquired through exports of machinery, equipment and motor vehicles and parts, which contribute to 62% of total exports ($232 billion out of $374 billion for 2016).
A couple of decades ago, the answer would have been crude oil, but nowadays it only contributes to 4.7% of total exports due to diminishing reserves and lack of investment ($18 billion during 2016).
Wiki User
∙ 12y agoThe oil industry. Third is the money remittances sent by immigrants (legal and illegal alike).
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What is Britain's most important industry?
Britain's most important industry is the pharmaceutical industry. This industry plays a major role in the economy of the country.
Why industry is important to a country's economy?
It is the back bone of country
What service industry is an important part of the Swiss economy?
tourism
Which industry was the most important to America's economy in the 1850s?
Textiles
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
What has made Mexicos economy grow in the past?
DRUGS
What is Britain's most important industry?
Britain's most important industry is the pharmaceutical industry. This industry plays a major role in the economy of the country.
What are mexicos common needs?
Security, a good economy, jobs for the population.
Which industry was the most important to America's economy in the 1850s?
Textiles
What service industry is an important part of the Swiss economy?
tourism
Why industry is important to a country's economy?
It is the back bone of country
Under Roman rule what became a new important industry in the Greek economy?
Tourist Industry. Tourist Industry.
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
What important industry for the economy of the New England colonies?
Growing tobacco
What was an important industry of the economy of the new England colonies?
Growing tobacco
What was an important industry for the economy of the new England colonies?
Growing tobacco
Why is mexicos gulf coastal plain important to the economy?
It is a quite fertile area, has good fisheries close to the shore and has oil and gas deposits on the gulf's sea floor.
