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Mexico Exports Increased 10.7 Per Cent in First Half of 2012

Economics +1 more

MEXICO - Agricultural sales reached $12,518 million during the first half of 2012, representing a growth of 4.5 per cent compared with the same period last year.

According to the report of the trade balance of Mexico, prepared by the National Institute of Statistics and Geography (INEGI), agricultural exports rose 10.7 per cent in the first half of 2012, compared to the same period in 2011, this represents a value of $6,491 million dollars.

During June the most significant by-product increases were recorded in cattle, 60.5 per cent and fish and shellfish, 18.6 per cent.

The Secretary for Food and Competitiveness of the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), Ernesto Fernandez Arias, said the first half of 2012 the value of food exports (including agricultural and agribusiness) from Mexico increased 4.31 per cent, compared with the previous year.

Arias Fernandez also said that in the period from January to June 2012, the main destinations for exports of Mexican food products were the United States, Japan and Canada.