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Mexico: Agricultural food surplus with Japan increases

Mexico's agricultural food trade surplus with Japan during the first half of the year increased by 9.2 percent over the same period of last year, as it went from 569.8 million dollars to 622.2 million.

According to the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (Sagarpa), agricultural food exports from Mexico to Japan amounted to 628.5 million dollars at the end of the first semester. 

The Ministry of Agriculture of Mexico in Japan said that this represented a favorable growth of exports, as their commercial value increased by more than 54 million dollars over the same period last year, and went from 574 millions to 628.5 million dollars. 

The main products exported to that nation include: avocado, with 15.85 percent; asparagus, with 5.04 percent; kabocha pumpkin, with 3.88 percent, and orange juice, with 2.26 percent in the reference period. 

According to Sagarpa, Japan is the third biggest destination market for Mexican agricultural food exports, only after the United States and Canada. 

Japan is the third largest exporter, the eighth biggest importer, and the leading investor among the economies of Asia-Pacific. Its location is strategic and has served as a gateway to the markets of this region and means of diversification for Mexican exports to conquer other markets. 

In addition, they stated, since the entry into force of the Agreement between Mexico and Japan (EPA) in April 2005, Mexican exports of food and beverages to the Asian nation have increased and maintain surplus balances for the country.

Mexican agricultural food exports to Japan have increased by 88.4 percent between 2005 and 2017, and went from 580 million dollars to 1.093 billion dollars.


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