Agro-food trade balance of Mexico registered a $5,311 million surplus in the first half of 2023, driven by a historic export that hasn’t been seen in just over three decades, the Ministry of Agriculture and Rural Development (Sader) said this Sunday.
This number meant an annual increase of 8.19% compared to the same period in 2022, a positive difference of $402 million.
La Sader explained that the export of agri-food products amounted to 27.511 million dollarsan increase of 5.38% compared to the period January-June 2022, which is the highest figure in the last 31 years.
In its turn, imports amounted to $22.2 billion in the first six months of the year, with the Mexican agro-food balance in the first half of the year maintaining a surplus for the ninth year in a row.
Photo: Fourth dark archive
Concerning agricultural and fish balance Between January and June 2023, Sader reported a positive balance of $1,316 million, i.e. annual growth 2.32%thanks to exports, which for the same period amounted to 12.325 million dollars.
For its part, the agro-industrial trade balance showed surplus of $3.995 million, an increase of 10.28% compared to the first half of 2022.
In this category, exports of agro-industrial products registered $15,186 million6.3% higher than in 2022.
The Mexican Ministry of Agriculture stressed that vegetables (21%), drinks (22%) and fruits (19%) They were the main export groups, accounting for 62% of products sold abroad.
Photo: Fourth dark archive
The most dynamic sector in the first six months of the year was cereal or dairy productswith a positive annual variation of 20.8.
alcoholic drinks such as beer, tequila and mezcal were recorded among the foods with the highest economic value, followed by tomatoes, strawberries and raspberries.
In addition, overseas sales with the largest growth were in line with soybean oil, livestock, cocoa butter, fat and butterpreparation of coffee, tea or mate and pasta.
Yeast was added to them soups, stews or brothsbaked goods, fresh or chilled cabbage and tomatoes.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
