Mexico-U.S. agricultural trade surpassed US $73 billion in 2022
United States citizens consumed large amounts of Mexican alcohol and avocados last year, while Mexicans ate large amounts of U.S. corn and pork. The United States Census Bureau released data showing the two-way agricultural trade between Mexico and the U.S. In 2022. The data provided totaled just under $73.14 billion, an increase of 13% compared to 2021.
The United States Census Bureau confirmed the value of Mexico’s agricultural exports to the United States increased 14% in 2022, setting a record high of $44.2 billion. Mexico’s Ministry of Agriculture and Rural Development (SADER) stated that the 2022 trade balance between the two countries was the best they’ve had in five years. The trade balance increased from just under $50.78 billion in 2019 to $73.14 billion, a 44% growth increase.
SADER pointed out that Mexican beer was the largest earner in 2022, with tequila coming in a close second.
Top exports from the U.S. to Mexico in 2022 included corn, soybeans, dairy products, pork, and wheat. The U.S. Department of Agriculture stated that the American agricultural sector reached its best export year ever in 2022.
About the Mexico transportation market update
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This report is developed by leveraging data and analytics from multiple transportation industry resources.
This report focuses on the Mexico Transportation Market. View the full Transportation Market Update here.
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