Mexican agri-food exports have been booming in recent years, and with the fall of oil prices, have surpassed exports of crude oil in the Aztec country. In the period January-November of 2015 sales abroad of the agri-food sector totaled 24.460 million, 5% more compared to the same period in 2014, according to data from Inegi. Between 2005 and 2015, exports have grown at a steady rate with a rate of almost 9% a year.
In contrast, oil exports reported 22.219 million dollars which, compared with the same period of the previous year, meant a 45% drop in 11 months of 2015. Products star in the agro sector have achieved success mainly in the United States despite the constant threat of non-tariff barriers. First there is the avocado, who grew by 21% last year; tomato, with 23%, and cattle, with 21%. Mexico is also a major exporter of frozen shrimp, peppers, melon and honey. And on the industrial side, include the export of beer and tequila.
Reasons For the Success of Exports
There are various factors that explain the success of products in the field, among them, which many producers could adapt with new crops to weather conditions. In addition, opened new markets, which were exploited by the domestic producers. For example, from 2006 to 2011 was presented greater opportunity for exportation of beef from Mexico to Japan, as the Asian country closed its imports to the United States and Canada. This is because having presence of foot and mouth disease and mad cow disease. On the oil side, exports live a critical situation because in addition to the decline in the price of crude oil, Mexico produces less. Deposits that were previously very high production, with over the years have been depleted.