- Primary activities
- Secondary activities
- Tertiary Activities
- The 5 strategic sectors in the Durango economy
- farming
- Metalworking
- Wood products
- Business support service
- Automotive industry
- References
The main economic activities of Durango are agriculture, metalworking, lumber industry and business support services.
Durango is one of the largest states in Mexico, it is located in the north of that country and has an area of approximately 123,316 square kilometers, where thirty-nine municipalities converge. The capital of Durango is named after Victoria de Durango.
Durango
The state's vast wealth of natural resources, such as timber and minerals, is what originally attracted Spanish colonizers in the mid-16th century.
Mining activity is still going on, making it the second state in Mexico with the highest gold and silver production.
The National Institute of Statistics and Geography (INEGI) presented in its 2015 annual report the economic activities that generated the highest percentage of gross income (GDP) in Durango, grouping it into the following activities:
Primary activities
These activities correspond to agriculture, livestock, fishing and hunting, representing 10% of the total income of the state.
Its agricultural territory is dedicated largely to cattle, winemaking and cereal crops.
Secondary activities
Manufacturing industries are included, mainly steel products, clothing and accessories, vehicle auto parts, and paper products. They contribute 34% of revenue to the state
The city is also a mining center due to the exploitation of one of the largest iron ore deposits in the world.
Tertiary Activities
There are companies that provide services: commerce, transport, government, education and tourism. With an annual income of 56%, it is the sector with the highest production.
In the area of tourism, the territory of Durango offers visitors endless possibilities for adventure tourism such as kayaking, mountain biking, rappelling, climbing and much more.
The 5 strategic sectors in the Durango economy
The National Institute of Entrepreneurship of Mexico (INDEM) and the Ministry of Economic Development (SEDECO) establish that the most important sectors in the Durango economy are the following sectors:
farming
It ranks second in Mexico as a forage producer of oats, beans, apple, tomato, chili, walnut, melon, watermelon and fig.
Metalworking
It is developed mainly in the La Laguna region, Durango region where approximately 70% of the manufacturing process is carried out.
Wood products
With a forest reserve of more than 9 million hectares, it is the leading producer of wood and its derivatives.
Business support service
Especially the agricultural industry, ranking fourth nationwide in livestock production and the largest producer of dairy products and poultry.
Automotive industry
Sector that has been consolidated in recent years. Only in Durango there are 20 auto parts manufacturing plants, with highly qualified engineers.
Although some texts still mention mining as a main activity in Durango, recent economic reports reveal that being a traditional activity, there has been a decrease in recent years in relation to the region's annual gross income.
References
- NationsEncyclopedia (2017)._ Durango. Recovered from: nationsencyclopedia.com
- Encyclopedia Britannica. (2012)._ Durango. Recovered from: britannica.com
- Proméxico._ (2015). Trade and Investment: Durango._ Recovered from: mim.promexico.gob.mx
- SEDECO._Durango the emerging destination for business opportunities in México. Recovered from: durango.gob.mx
- National Institute of Entrepreneurs._Strategic Sectors. Durango. Recovered from inadem.gob.mx