Best answer: What two industries are growing in Mexico?

What are the 2 most important industries in Mexico?

Mexico has the ninth-largest economy in the world. Its main industries are food and beverages, tobacco, chemicals, iron and steel, petroleum, clothing, motor vehicles, consumer durables, and tourism. It is a major exporter of silver, fruits, vegetables, coffee, cotton, oil and oil products.

What are the 2 biggest industries in their economy?

Which Are The Biggest Industries In The United States?

Rank Industry % of total GDP
1 Real estate, renting, leasing 13%
2 State and Local Government 9%
3 Finance and insurance 8%
4 Health/social care 8%

Does Mexico have a growing manufacturing industry?

Mexico Manufacturing Industries. Manufacturing in Mexico continues to grow across most industries, both in size and sophistication and is the 12th largest exporter in the world.

What is the second largest industry in Mexico?

Economy of Mexico

Unemployment 5.3% (2020 est.) 3.5% (September 2019)
Main industries Food processing beer soft drinks Autocomponents Automoviles electronics chemicals iron and steel petroleum mining textiles clothing motor vehicles consumer durables tourism
Ease-of-doing-business rank 60th (easy, 2020)

What is the most profitable industry in Mexico?

Tobacco, aerospace, petroleum, and mining among others are some of Mexico’s biggest industries. They all play a significant part in the economy of the country. As per the International Monetary Fund, Mexico has the world’s 11th largest GDP by purchasing power parity and 16th largest in nominal terms.

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What industries are growing in Mexico?

Fastest Growing Industries in Mexico in 2021

  • Paperboard & Paper Product Manufacturing in Mexico. …
  • Electronic Components Manufacturing in Mexico. …
  • Audio & Video Equipment Manufacturing in Mexico. …
  • Air Transportation in Mexico. …
  • Real Estate Rental in Mexico. …
  • Computer System Design Services and Related Services in Mexico.

Where are Mexico’s fastest growing industrial centers?

The largest city in Baja California, Tijuana has become one of the most rapidly expanding industrial centers in Mexico.

What are the 3 biggest industries in the world?

Global Biggest Industries by Employment in 2021

  1. Global Consumer Electronics Manufacturing. Employment number for 2021: 17,430,942. …
  2. Global Commercial Real Estate. …
  3. Global Fast Food Restaurants. …
  4. Global HR & Recruitment Services. …
  5. Global Hotels & Resorts. …
  6. Global Apparel Manufacturing. …
  7. Global Coal Mining. …
  8. Global Tourism.

What are 3 major industries?

Major industries

  • Agriculture.
  • Manufacturing.
  • Services.

Which industry is the largest industry?

Industries with Largest Employment

Rank Industry 2020 Employment
2 Local Government, Excluding Education and Hospitals 5,648,700
3 General medical and surgical hospitals; private 4,719,300
4 Full-Service Restaurants 4,325,700