Mexico's agri-food surplus registers the third best balance in 27 years

Published 2021년 8월 16일

Tridge summary

Mexico's agri-food trade balance showed a surplus of $4.857 million in the first half of 2021, marking the third highest positive balance in 27 years. This was driven by exports valued at $22,588 million and imports of $17,731 million, resulting in a total trade volume of $40,319 million. The government anticipates a positive growth in GDP, supported by foreign trade and the T-MEC agreement. The report also highlighted the resilience of the agricultural sector during the Covid-19 crisis and pointed out that vegetables, beverages, and fruits were the primary exports. There was a notable increase in demand for honey, flowers, citrus, tobacco, and peanuts, both domestically and internationally. Additionally, there was a surge in the demand for meat, poultry offal, soybean oil, soups, waters, soft drinks, tequila, and mezcal, with beer, avocado, tequila, and mezcal being the top foreign demand products.

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Original content

Mexico City, Aug 16 (EFE) .- The agri-food trade balance of Mexico registered a surplus of 4.857 million dollars in the first half of 2021, the third highest positive balance in 27 years, reported this Monday the Ministry of Agriculture and Rural Development (Sader). The figure is the result of 22,588 million dollars of agricultural and agro-industrial exports from January to June, and of 17,731 million dollars of imports, based on figures from the Bank of Mexico. This means, added Sader, that Mexico's total agri-food trade with its partners reached 40,319 million dollars in the first half of 2021, of which 56% correspond to Mexican sales. "The value of agri-food sales abroad to June was the highest reported in 29 years, which allowed the country to obtain foreign exchange that exceeds those obtained from the sale of oil products, in 9,908 million dollars, and foreign tourism in 14,773 millions of dollars, "said Sader. The field was the most resilient sector in Mexico in 2020, ...

Source: Elperiodicodemexico