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In the first seven months of the year, agrifood saw a favorable trade balance of nearly US$ 8.1 billion, a value close to the trade surplus reported for all of 2019.
During this period, Mexico's total global agrifood trade reached approximately 38.9 billion dollars, of which 60.4% corresponded to agrifood exports, which reached 23.5 billion dollars.
For the agricultural sector (which also includes fish products), sales totaled US$ 11.6 billion, which represents a 5% increase year-on-year.
The agricultural and fisheries trade balance saw a cumulative increase of 19% for January-July 2020, compared to the same period last year. This represents a surplus of 4.4 billion dollars.
The principal agrifood products for export were beer, with sales of 2.5 billion dollars; avocado (1.9 billon USD), tomato (1.6 billon USD), tequila and mezcal (1.3 billon USD), and sugars and confectionery (1.1 billon USD).
The agrifood products that saw the greatest increases in demand were wheat, increasing 44.2%, pork (+39.3%), coffee (+30%), corn (+22.1%), tomatoes (+20%), and tequila and mezcal (+12.9%), among others.
Agrifood imports saw a year-on-year decrease of 4.82%, putting them at 15.4 billion dollars. Among the products that saw the greatest reductions were beef (-29.55%); fish, crustaceans, and mollusks, (-28.13); milk and derivatives (-12.75%); and poultry meat (-12.43%).
September 14, 2020/ SADER/ Mexico.
https://www.gob.mx
