Mexico's agricultural and food industry has a bumper crop, with consecutive record trade surpluses.

The Mexican Ministry of Agriculture and Rural Development (Sader) announced on February 12 that the country's agricultural and food industry will have a trade surplus of more than 7.57 billion USD in 2023, an increase of nearly 2 billion USD compared to 2022, marking the third highest increase in the past 31 years.

Ngành nông sản-thực phẩm Mexico 'bội thu', liên tiếp xuất siêu kỷ lục

Mexico's agricultural and food industry will have a record trade surplus of more than 7.57 billion USD in 2023, an increase of nearly 2 billion USD compared to 2022. (Source: mexiconewsdaily)

Sader's electronic information portal said that the Latin American country's agricultural and food exports in 2023 reached a record high of more than 51.87 billion USD, up 3.9% compared to 2022. Meanwhile, the import turnover of the above items reached nearly 44.3 billion USD, down 0.07%.

According to Mexican Minister of Agriculture and Food Víctor Villalobos, this is the first time that Mexico's exports of this industry have exceeded 50 billion USD, contributing to promoting economic development, creating jobs and increasing foreign currency revenue for the country. The Mexican agricultural sector achieved positive results thanks to the efforts of the value chain production sector, as well as Sader's efforts in finding and expanding export markets.

In the report, Sader said that Mexican coffee, tea, yerba mate, grapes, pickled vegetables, sauces and spices recorded the strongest increases in exports, with 63.11%; 36.93%; 35.71%; 21.98% and 16.68%, respectively.

In addition, Mexican agricultural and food products with the highest export value in 2023 include beer (more than 6.1 billion USD), tequila (4.4 billion USD), fresh and chilled tomatoes (3 billion USD), avocados (3 billion USD) and bread products (2.6 billion USD).

(according to Mexiconewsdaily)

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