Mexico: Cattle exports plummet by more than 50% in the first quarter

Mexico City.- The value of cattle exports plummeted more than 50 percent in the first quarter of this year compared to the same period in 2024. However, due to the closure of borders with the United States, the losses are expected to be much more significant, which will harm the entire national livestock sector. According to figures from the Bank of Mexico, cattle exports for the first quarter of 2025 amounted to $163 million, meaning that sales abroad fell 52.30 percent compared to the same period in 2024, when $341 million were exported. Thanks to agricultural production, Mexico managed to avoid a technical recession, being the only sector that managed to grow at a quarterly rate of 8.1 percent, while the industrial sector fell 0.3 percent and the services sector grew by zero percent, according to data from INEGI. The Bank of Mexico's Economic Information System (SIE) established that, in January of this year, the value of beef exports was zero, in February it was over $30 ...