Mexico’s Agri-food Trade Surplus Increases by 61%
In the first two months of the year, Mexico’s international agri-food trade experienced significant growth, reaching a total of $16.626 billion. The Ministry of Agriculture and Rural Development (Sader) highlighted that agricultural and agri-industrial exports amounted to $9.059 billion, representing an 8.85% increase compared to the same period last year. Concurrently, imports recorded a 2.32% growth, totaling $7.567 billion. This dynamism in the agri-food international trade resulted in a trade surplus of $1.492 billion, reflecting a 61% increase compared to the previous year.
Among the most notable exports are agri-industrial products such as chocolate and cocoa-based preparations with a growth of 71.74%, followed by coffee, tea, or yerba mate preparations with an increase of 64.46%, and frozen orange juice with 62.38%. Additionally, fruit exports like guava, mango, and mangosteen showed a growth of 48.60%, while grapes, fresh or dried, and raisins increased by 38.05%.
Regarding the products with the highest export value, beer led the list with $1.013 billion, followed by fresh or refrigerated tomatoes with $630 million, tequila and mezcal with $621 million, avocado with $594 million, and fresh strawberries and raspberries with $531 million. Bell peppers also stood out with $427 million, showcasing the potential and diversity of Mexico’s agri-food sector in international trade.
To read the full article: https://t21.com.mx/aumenta-61-el-superavit-de-la-balanza-agroalimentaria-en-mexico/