Aug 24, 2022

Agri-food trade between US and Mexico up 16% year-over-year

From January to June 2022 , agrifood trade between Mexico and the U.S. increased by 16% compared to the same period last year, totaling $37.639 billion, stated the Secretariat of Agriculture and Rural Development.

The agency highlighted that exports of Mexican agri-food products increased by 18% and imports by 13% during the same period.

In addition, Mexico’s total agri-food exports to the U.S. amounted to approximately 24 thousand maximum drawdown (MDD), with fruits, alcoholic beverages, vinegars and vegetables leading exports.

The main export products were led by beer, with a value of 2,672 MDD; followed by tequila, with 2,519 MDD; and avocado, with 1,733 MDD; in addition to tomatoes, berries, peppers, strawberries, boneless beef, grapes and sweet bread, which together accounted for 53 percent of the total value of exports to the United States .

On the other hand, the main import products were cereals, seeds and oilseeds; and meat and edible offal, which accounted for 27%, 14% and 13%, respectively, of Mexican agri-food purchases from the U.S.

In the first half of 2022, there was a surplus balance for Mexico of 10 thousand MDD, which represented an increase of 24% with respect to the surplus recorded during the same period in 2021.