The economic impact of avocados between Mexico and the United States

Published Dec 16, 2024

Tridge summary

The article highlights the economic benefits of the Mexico-US avocado trade agreement, as detailed in the Mexican Avocado Institute's 2023-2024 Economic Report. The report underscores the significant growth in the avocado industry, with US economic output from avocado imports growing by 340% over the past decade, reaching $3.52 billion in the last fiscal year. The industry creates jobs and generates economic growth in the US, particularly in California and Texas, and also benefits Mexican growers in the Michoacán region. The avocado industry's growth is expected to continue, with efforts to promote consumption and improve quality, and the potential for increased demand driven by healthier diet trends.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the only region currently able to meet the growing demand for avocados in the United States, Mexican avocado imports have a positive economic impact on both countries. The Mexican Avocado Institute released its 2023-2024 Economic Report, which examines the mutual economic benefits of the Mexico-US avocado trade agreement. The data shows the true value of the avocado's financial impact on national and state economies. As reported, there has been continued, long-term growth in several categories, perhaps most notably, the increase in US economic output by 340% in just over a decade. In the last fiscal year (July 2023 - June 2024 growing season), $3.52 billion of US imports of Mexican Hass avocados contributed the following to the US economy: There are approximately 35,000 avocado growers in Mexico, most of whom grow on small family farms. With more than ninety packing plants, the 2.4 billion pounds of Hass avocados exported to the United States last year generated $6 billion in ...

Source: MXfruit