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Fishery & Agricultural Exports Rise 19 Per Cent

Economics +1 more

MEXICO - According to a report on the trade balance of Mexico, prepared by the National Institute of Statistics and Geography (INEGI), agricultural and fishery exports in the period from January to July 2011 totalled $6,599 million, 19.1 per cent over the same period last year.

The Institute said that exports of these products in July were $567 million, exceeding by 10.4 per cent compared to the same month last year.

The largest increases occurred in exports of tomatoes, 21 per cent, edible fruits and nuts, 37.8 per cent; citrus, 16.7 per cent; coffee, 126.4 per cent, and fish and shellfish, 67.1 per cent, according to the INEGI.

Meanwhile, Undersecretary of Agribusiness Promotion of the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), noted that agricultural exports (including agribusiness, agriculture and fishing) in the period from January to July 2011 reached $13, 599 million, 25.5 per cent compared with 2010.

With preliminary information on agricultural exports, the Secretariat said that during July the main destination for agricultural exports was the US, followed by Canada and Japan.

Meanwhile, European Union countries with increased trade with Mexico are the UK, the Netherlands, Germany, Spain and Italy.

In this regard, Undersecretary of Agribusiness Promotion of SAGARPA, Ernesto Arias Fernndez, highlighted the strength of agribusiness and the dynamism of Mexican foods, bakery and confectionery and, beverages, such as juices, beer, tequila and mezcal.

He said the forecast closure of agri-food exports to December 2011 is held in more than $20 billion in the most conservative scenario.