Sader highlights seven consecutive years with a surplus in the agricultural and agroindustrial trade balance

The Secretariat of Agriculture and Rural Development (Sader) presented the report of the agricultural and agroindustrial trade balance to the month of September and highlighted that for the seventh year there is a surplus, whose value of exports -in the ninth month of the year- was 1,275 million dollars, an amount that implied an annual growth of 3.3 percent.

The largest increases in said month were observed in exports of chickpea 99.2%, fish, crustaceans and mollusks 44.6%, fruits and edible fruits 30.3%, avocado 19% and pepper 17.5%.

The Sader detailed that, according to figures from the National Institute of Statistics and Geography (Inegi), in the first nine months of 2021, the value of the agricultural and fishing exports added 14,504.6 million dollars, an increase of 6.2% compared to the same period of 2020.

With these data, the balance of trade it favored Mexico with a surplus of 5.163 million dollars in the period January-August of this year; “For the seventh consecutive year, the agricultural and agroindustrial trade balance registered a surplus, which was the third highest positive balance in 27 years, derived from 29.390 million dollars of exports and 24.226 million dollars of imports,” he said.

According to figures from Bank of Mexico (Banxico), the federal agency highlighted that the dynamics presented by the exports of agri-food goods It allows the country to obtain foreign exchange that exceeds those obtained from the sale of oil products by 11,256 million dollars (62.1%) and foreign tourism.

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