Mexico’s 2023 agri-food trade balance is expected to be positive, marking a decade of continuous growth for the industry. This success is attributable to several crops that have excelled in both production and exports.
According to data from the Bank of Mexico’s Economic Information System, the crops driving agro-export success over the past ten years are avocados, tomatoes, bell peppers, citrus fruits, cucumbers, melons, watermelons, papayas, strawberries, onions, garlic, and mangoes.
While the overall agri-food balance remains positive, it has experienced a slight decline in the last couple of years. In 2020, it peaked at $11.96 billion but decreased to $7.44 billion and $5.81 billion in 2021 and 2022, respectively. This downward trend suggests that if not addressed, the positive balance may further decrease in 2023.
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Sources: Agroexcelencia, SIAP, Banxico
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