Minerals have been an important part of the economy throughout Mexico’s history. The country is the world’s leading producer of silver. Zinc, bauxite, lead, gold, copper, mercury, cadmium, and such trace minerals as antimony and manganese are also important. The discovery of lithium deposits has encouraged the Mexican Government to announce its interest in supporting lithium production and developing a complete supply chain for lithium products.

Mexico ranks among the world’s most prolific petroleum-producing countries, and petroleum exports account for a large share of foreign-exchange earnings. The country has huge proven and potential reserves of petroleum and substantial reserves of natural gas. A system of oil and natural gas pipelines has been constructed to move these products to major cities in the Mesa Central and to the U.S. border.

Among the most important industrial manufacturers in Mexico is the automotive industry, whose standards of quality are internationally recognized. The industry produces technologically complex components and engages in research and development activities. To date, more than 40 makers have official representation in the country with nearly 400 different models, making Mexico one of the most varied automotive markets in the world.

Aerospace has been a major focus in Mexican economic development, both as an industrial sector and in connection with commercial, private and defense aviation growth. The aerospace industry is relatively young in the country, but its roots are deep. Today Mexico’s aerospace sector includes manufacturers, maintenance-repair-overhaul facilities (MROs), technical schools, research centers, and universities, as well as related service providers.

The country has one of the largest electronics industries in the world. The Mexican electronics industry is dominated by the manufacture and OEM design of televisions, displays, computers, mobile phones, circuit boards, semiconductors, electronic appliances, communication equipment and LCD modules. In particular, the design and manufacture of flat panel plasma, LCD and LED televisions is the single largest sector of the Mexican electronics industry.

The construction sector, including building materials and specialized expertise such as sustainable building technologies and seismic stabilization, is a best prospect industry sector for Mexico. Some large industries of the country include one of the world’s largest construction companies and cement producers.

Tourism is a major contributor to the economy. Mexico has traditionally been among the most visited countries in the world. Mexico has a significant number of UNESCO World Heritage sites, with the list including ancient ruins, colonial cities and natural reserves. The country has also attracted foreign visitors with its cultural festivals and the beach resorts.