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Economy of Veracruz


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Veracruz has one of Mexico�s leading economies, based on agriculture and petroleum.

Agriculture

The primary sectory of the economy (agriculture, forestry and fishing) has been important since pre-Hispanic times and continues to be important both as a source of income as well as culturally. The state has abundant rainfall and extremely fertile soils, as well as a long coastline and forest containing a wide variety of trees and other plants.

There is about 1 million hectares of cultable land, half of which is in private hands and 43% is ejido or communal land. The rest is occupied by human settlements. There are 3,620 ejidos parceled out to 270,000 ejido members. 52.5% of agricultural land is used for the growing of crops or used as pasture and 43.1% is forest or rainforest. Chief agricultural products include coffee, vanilla, sugarcane, tobacco, bananas, coconuts, and vegetables, but local farmers depend mainly on corn and beans. Two corn crops per year are generally produced, planted on 644,936 hectares with a production of 1,114,325 tons. The state is the leading national producer of coffee, sugarcane, corn, and rice. Coffee is grown on 152,993 hectares producing 400,575 tons. Export earnings from this crop are about 232 million USD annually. Most coffee is grown in the mountain areas of C�rdoba-Huatusco, Coatepec-Teocelo-Cosautl�n and Misantla-Tlapacoyan-Atzalan. Sugarcane is cultivated on 254,000 hectares, producing 16,867,958 tons annually. Veracruz is the largest producer of rice with 24,000 hectares producing 120,000 tons. Much is this crop is protected by import bans from Asia.

The state grows half of the country�s citrus fruit and grows the most kinds. This occupies 180,577 hectares and produces 2,575,140 tons annually. Varieties include oranges, tangerines, mandarins, limes and grapefruit. Most citrus is grown in the north of the state, and much of the lime crop is exported, supporting a packing and shipping industry
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