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Home Economy

Agri-Food Trade Balance Remains Positive in Mexico; Which Products Were the Most Exported?

In the first seven months of the year, Mexico's agri-food trade balance recorded a surplus of $6.382 billion.

T21 Media by T21 Media
18 September, 2024
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Between January and July of this year, Mexico maintained a surplus in the agri-food trade balance of six thousand 382 million dollars (mdd) , that is, 9.38% more than in the same period in 2023, totaling 33 thousand 276 million dollars, reported the Ministry of Agriculture and Rural Development (Sader) .

The federal agency highlighted in a statement that during this period, agricultural exports grew 5.54% to 33,276 million dollars , while imports increased 4.67% , totaling 26,895 million dollars .

With these figures, the agricultural and agro-industrial balance sheet remains in surplus, and records its third largest positive balance in 30 years , detailed Sader.

Domestically, the agricultural and fishing balance recorded a surplus of 2,704 million dollars , 1,580 million dollars higher than that achieved in January-July 2023, an increase of 140.59%, with exports of 14,751 million dollars.

Meanwhile, the agro-industrial balance had a surplus of 3,678 million dollars , which was 1,033 million dollars less than that registered in the same period last year, with foreign sales of 18,525 million dollars.

Sader also pointed out that beverages , vegetables and fruits were the main export groups with 61% of the total.

In the first seven months of the year, the exports that grew the most were frozen orange juice , with an increase of 80.85%, followed by cattle, with an increase of 58.74%, and coffee, tea or yerba mate preparations, with 50.59 percent.

From January to July, the exports with the highest economic value were beer , with an amount of 4,161 million dollars.

This was followed by tequila and mezcal , with 2,505 million dollars; avocado , 2,091 million dollars; fresh or refrigerated tomatoes , with 1,963 million dollars, and bakery products , with 1,640 million dollars.

Comment and follow us on X: @GrupoT21

Tags: AGRI-FOOD TRADEAGRICULTURESaderSECRETARY OF AGRICULTURE AND RURAL DEVELOPMENTSURPLUS

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