Business

Mexico's Agricultural Exports Surge, Outpacing Oil and Tourism

Mexico's agri-food exports surge 4.7%, hitting $43.3B in Jan-Oct, fueled by beer, tequila, and diverse produce. Trade surplus jumps 28.5%, outpacing oil & tourism. Strategic focus, tech investment, and trade deals drive the sector's success, positioning Mexico as a major agricultural player.

Mexicanist

Dec 21, 2023 — 2 min read

Cheers to Growth! Mexico's beer exports top $5 billion, driving the nation's agri-food surge past oil and tourism.

Mexico's agricultural and agro-industrial exports are booming, hitting a record high of $43.34 billion during the first ten months of 2023. This 4.7% increase over the same period in 2022 is not just a blip on the radar – it's a sustained trend that's outpacing even the country's oil and tourism sectors.

Fueled by Beer, Tequila, and Beyond

The drivers of this growth are diverse and impressive. Beer takes the top spot, with exports exceeding $5 billion, followed closely by tequila and mezcal at $3.8 billion. Fresh produce also shines, with tomatoes and avocados bringing in $2.55 billion and $2.5 billion, respectively.

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