News » 17.04.2024 - Mexico's agricultural exports see growth in early 2024

 In the initial months of 2024, Mexico experienced a significant uptick in its agricultural exports, marking an 8.85% increase to reach a valuation of US $9.06 billion. This growth is reported by the Ministry of Agriculture and Rural Development (SADER), referencing data from the Bank of Mexico. The period also saw a modest rise in agricultural imports by 2.3%, totaling $7.57 billion. Consequently, Mexico achieved an agricultural trade surplus of $1.49 billion during January and February, setting a new record for the country. Among the high-demand exports, tomatoes led to revenues of $630 million, positioning them as one of Mexico's largest agricultural export revenue sources. Other significant exports included tequila and mezcal ($621 million), avocados ($594 million), and fresh strawberries and raspberries ($531 million).

Exports witnessing the most substantial growth included chocolate and cacao products, with a 71.7% increase, and tea, coffee, and Yerba maté, which saw a 64.5% rise. Additional notable growths were observed in orange juice exports (62.4%), guavas, mangos, and mangosteens (48.6%), grapes and raisins (38%), and cattle (35.9%). The majority of these exports were destined for the United States, although Mexican agricultural products also found markets in Asia and Europe.

 

 

Source:www.freshplaza.com

« Back