Between fiscal years 2018 and 2022, 14 percent of all U.S. agricultural exports were destined for Mexico
With a total value of $28 billion, Mexico is projected to be the United States’ second largest destination for U.S. agricultural exports in fiscal year (FY) 2022 (October–September), after China. Between FY 2018 and 2022, Mexico’s share of all U.S. agricultural exports rose from just under 13 percent to about 14 percent and is forecast to reach 15 percent in FY 2023. Mexico’s share of U.S. exports varies by product. On average, Mexico purchased $6.5 billion in U.S. grains and feeds per year from FY 2018 to 2022, accounting for 18 percent of the largest export commodity group. Demand for grains and feed has been spurred by the expansion of Mexico’s cattle industry and growing consumption of animal products. Between FY 2018 and 2022, Mexico’s imports of livestock, poultry, and dairy products represented an average of 18 percent of total U.S. exports and accounted for $6.3 billion in sales. In recent years, Mexico’s imports of U.S. dairy and poultry have been particularly strong, with demand for nonfat dry milk and chicken cuts driving Mexico’s import share as high as 24 percent. Bilateral trade between Mexico and the United States is facilitated by relatively low transportation costs as well as trade advantages afforded by the United States-Mexico-Canada Agreement. These factors, as well as sustained demand, are expected to continue fueling growth in U.S. agricultural exports to Mexico through FY 2023. This chart is drawn from the Outlook for U.S. Agricultural Trade published by USDA’s Economic Research Service, February 2023.
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