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:
Franklin FTSE Mexico ETF FLMX
iShares MSCI Mexico ETF EWW
First Trust Latin America AlphaDEX Fund FLN
Franklin FTSE Latin America ETF FLLA
iShares Latin America 40 ETF ILF
Global X Silver Miners ETF Materials SIL
Stocks with exposure to these exports include:
Betterware de Mexico SAB de CV BWMX
Coca-Cola Femsa SAB de CV KOF
Fomento Economico Mexicano SAB ADR FMX
Grupo Aeroportuario dl Srst SAB CV ASR
Grupo Aeroportr dl Pcfco SAB de CV PAC
America Movil SAB de CV ADR Class A AMOV
America Movil SAB de CV ADR Series L AMX
Cemex SAB de CV ADR CX
Banco Santadr Mc SA In de Bn Ml Gp BSMX
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.