US remains Mexico’s leading grain supplier, but competition is intensifying

amid rising meat consumption, population growth and limited domestic crop production. According to the analysts, trade relations between the United States and Mexico have been “complementary” for decades: the U.S. efficiently supplies feed ingredients, while Mexico exports fruits and vegetables. This integration has deepened over time. In 2024, U.S. agricultural exports to Mexico exceeded $30 billion, nearly 7% more than in 2023, and U.S. products now account for about 75% of Mexico’s total agricultural imports. For grain and oilseed producers, Mexico’s share in total U.S. exports has steadily increased over the past 20 years. Recurrent droughts and adverse weather conditions have constrained Mexico’s domestic production of row crops, particularly corn and soybeans, increasing reliance on imports. Terrain analysts believe this trend is unlikely to reverse in the near term, with soybeans and soybean meal expected to post the strongest export growth to Mexico through 2030, followed ...