News

Mexican primary sector registers positive economic performance

Published May 27, 2024

Tridge summary

In the first quarter of the year, Mexico's agricultural and fishing exports saw a significant increase of 10.7 percent compared to the same period in 2023, totaling 9,134.7 million dollars, as reported by the Ministry of Agriculture and Rural Development (Sader). This growth is attributed to the dedication and compliance of producers to both the domestic supply and international commitments. Notably, in April, agricultural and fishing exports experienced a 22.6 percent increase to 2,404 million dollars, largely due to a surge in exports of cattle, avocados, peppers, tomatoes, and fresh legumes and vegetables. Furthermore, the National Institute of Statistics and Geography (INEGI) reported a 4.0 percent growth in the Global Indicator of the Economic Activity (IGAE) of primary activities in March, indicating a robust performance in the agricultural sector.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

2000Agro/Editorial At the close of first quarter of the year, agricultural and fishing exports of the country totaled 9134.7 million dollars, which represented an increase of 10.7 percent percent compared to the same period in 2023, reported the Ministry of Agriculture and Rural Development (Sader). The dependence federal stressed that this dynamism reflects the effort and commitment of the producers with the country's internal supply and compliance with commitments international, which contributes to the food security of Mexico and the region, as well as economic dynamism. In accordance with data from the National Institute of Statistics and Geography (INEGI), only in April of the current year the value of agricultural and fishing exports reached 2,404 million dollars, that is, it had an annual increase of 22.6 percent hundred. He stated that The most relevant increases in said month were recorded in exports of cattle, with 96.1 percent; avocado, 34.9 percent; pepper, 33.1 per ...
Source: MX2000
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