US agricultural exports to Mexico break records and reduce the trade balance

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In 2021, U.S. exports of agricultural and related products to Mexico broke all-time highs, helping to close the agricultural trade gap between the two trading partners. Mexico has overtaken Canada as the second largest market for US agricultural exports. The highly integrated and complementary nature of the food and agricultural supply chains between the United States and Mexico has resulted in record trade in all product categories. A recovery from the 2020 pandemic shutdowns and high global commodity prices contributed to rising values, as well as quantity, in 2021. This report highlights all-time highs in agricultural and related commodity trade southbound (US to Mexico) in value.

Bilateral agricultural trade
Two-way trade between the United States and Mexico in agricultural and related products is stronger than ever, reaching record highs in value and quantity for all products and categories. In 2021, bilateral trade totaled $66 billion, with a notable decline in the trade deficit of 15% to -$13 billion. US exports of agricultural and related products to Mexico increased 42% to a record high of $27 billion.

Fresh and processed fruits and vegetables ($1.7 billion): In 2021, U.S. exports of fresh fruits ($748 million) and fresh vegetables ($234 million) to Mexico reached record levels. The record trade in processed vegetables was boosted by increases in the quantity and value of frozen potato products ($261 million), reflecting a reopening of the HRI sector after a difficult 2020. Strong US apple exports ($349 million) drove growth in the fresh fruit sector. Exports of oranges and tangerines ($29 million), driven by strong demand for products containing vitamin C during the COVID-19 pandemic. Small but mighty, US cherry exports ($16 million) to Mexico are up 235% from 2020.

Click here to see the full report.

Source: apps.fas.usda.gov

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