In 2024, Mexico imported agricultural products worth US$43.0 billion, which is 3.8% or US$1.6 billion higher than in 2023 and 71.8% or US$18.0 billion more than in 2020. Overall, in 2020–2024, Mexican imports of agricultural goods increased by an average of 14.5% annually in value terms.
The most required imported agricultural product in the Mexican market in 2024 was corn (13.3% of the total volume of agricultural imports in value terms, or US$5.7 billion). The top five food products purchased by the country abroad at the end of the year also included pork and pork by-products (7.1% or US$3.0 billion), soybeans (7.0% or US$3.0 billion), poultry meat (4.3% or US$1.8 billion), beef and beef by-products (4.0% or US$1.7 billion). In total, the 10 main commodity items accounted for 47.6% of Mexico's total agricultural imports in 2024 in terms of value.
Compared to the previous year, the largest increase in 2024 was observed in the country's imports of poultry meat (+22.6% or +$337.6 million), fructose and fructose syrup (+21.9% or +$115.4 million), cheese (+20.9% or +$185.9 million), beef and beef by-products (+16.9% or +$250.8 million). At the same time, Mexico significantly reduced its purchases of soybeans (-16.8% or -$606.9 million) and wheat (-13.7% or -$221.3 million) over the year.
The largest exporter of agricultural products to Mexico is the United States, which accounted for 70.7% of all agricultural goods supplied to the country in 2024 in terms of value. Brazil (5.2%) and Canada (3.8%) were also among the top three exporting countries at the end of the year. Together, the top 10 supplier countries accounted for 90.3% of Mexican imports of agricultural products in terms of value in 2024. In 2024, Mexico significantly increased its purchases of agricultural goods from Ecuador (3.4 times or $242.5 million) and China (+23.8% or +$252.3 million). At the same time, by the end of the year, agricultural product supplies from Canada to Mexico had significantly decreased (-18.5% or -$367.4 million).
Mexico's agricultural exports in 2024 amounted to US$60.9 billion, which is 4.1% or US$2.4 billion higher than in 2023 and 37.9% or US$16.7 billion more than in 2020. Overall, in 2020–2024, Mexican agricultural exports increased by an average of 8.4% annually in value terms.
The main export items of Mexico's agribusiness in 2024 were beer (11.3% or US$6.9 billion) and other spirits (10.3% or US$6.3 billion, mainly tequila). The top five agricultural products exported by the national agricultural sector at the end of the year also included avocados (6.6% or US$4.0 billion), fresh tomatoes (5.8% or US$3.5 billion), and flour confectionery and bakery products (4.6%
or US$2.8 billion). In total, in 2024, the 10 most wanted types of Mexican agricultural products on the world market accounted for 54.1% of the country's agricultural exports by value.
In 2024, the most notable increases in value terms were seen in Mexican exports of avocados (+19.9% or +US$663.2 million), fresh tomatoes (+15.8% or +US$483.1 million) and fresh peppers (+12.5% or +US$234.0 million). At the same time, there was a decline in the country's exports of raspberries, blackberries, mulberries, loganberries, currants, and gooseberries (-5.5% or -$131.8 million).
The main importer of Mexican agricultural products is the United States, which accounted for 82.4% of the country's exports in value terms in 2024. Canada (5.6%) and Japan (2.0%) were also among the top three buyers of Mexican agricultural products at the end of the year. In total, the 10 main importing countries accounted for 94.2% of Mexico's agricultural exports in 2024.
The largest increase in the volume of purchases of Mexican agricultural products
The largest increase in purchases of Mexican agricultural goods in 2024 was demonstrated by the United States (+6.7% or +$3.2 billion) and the Netherlands (+41.5% or +$70.8 million). At the same time, exports of Mexican agricultural products to China (-27.5% or -$167.4 million) and Germany (-24.0% or -$81.0 million) declined significantly.
