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Mexico: Agri-food records a trade surplus with EU



The agri-food trade balance between Mexico and the United States showed a surplus in favor of Mexico by USD 357,851,000 in the first quarter of 2012, according to SAGARPA.

According to a report by the U.S. Department of Agriculture, between January and March of this year Mexico sent market products with a market value of over USD 5.179 million to the EU.

This amount represents an increase of 8% compared to the same period in 2011, detailed the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA).

The report pointed out that the total trade between both nations in the reported period amounted to USD 10,000 million, ie an increase of 10% over the previous year, according to SAGARPA.

Of the total agri-food exports to the U.S., 51% corresponds to vegetables and fruits, 14% to beverages, 7% to sugars, 5% to cereal preparations, and the remaining 23% is made up of other products.

In the first quarter of 2012, vegetables reached a market value of USD 684 million, tomatoes USD 585,416.000, beer USD 468,669.000, strawberries and other berries USD 335,734,000.

Also avocados, mangoes and pineapples reached USD 262,395,000, sugar USD 243 million, live cattle USD 211,660,000, tequila USD 190,699,000, bakery products USD 179,955,000, cucumbers USD 147,858,000.

These 10 products represent a market value of USD 3,309,439.000, which means that 63% of agrifood exports were made by Mexico to the United States.

Among the products which registered increases are cucumbers 81%, nuts 73%, fish fillet 65%, platains 60% shrimp and crustaceans 59%, fresh strawberries and frozen strawberries 54%, beef 42%, carrots 29%, among others.

The Dependencia poited out that in 2011 Mexico exported more than USD 17.216 million in agrifood to the U.S. market, almost USD 4.677 million more than in 2009, and USD 2,427 million above what was achieved in 2010.

Source: Notimex

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