Just past the west Texas border into Chihuahua, Mexico is one of the largest silver mines in the country. Further south, an even larger silver mine resides in Zacatecas.
Mexico is by far the world’s leading producer of silver, boasting 5,600 metric tons in 2021 versus the number two producer, China, which netted 3,400 metric tons in the same year.
More than that, Mexico is a top global producer and exporter of other precious metals used for the production of materials in various sectors which include semiconductors, energy, consumer electronics and auto manufacturers.
In 2020, Mexico’s top exports were:
Vehicles:
$100.7 billion (24.1% of total exports)
Machinery including computers:
$75.5 billion (18.1%)
Electrical machinery and equipment:
$75 billion (17.9%)
Optical, medical apparatus:
$18.6 billion (4.4%)
Oil and mineral fuels:
$16.8 billion (4%)
Plastics:
$9.1 billion (2.2%)
Furniture, signs, prefab buildings:
$9.1 billion (2.2%)
Vegetables:
$8.5 billion (2%)
Precious metals:
$8.15 billion (1.9%)
Beverages:
$8.11 billion (1.9%)
List provided by worldstopexports.com
ETFs with exposure to these exports include:
Stocks with exposure to these exports include:
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