Mexico’s economy is the second largest in Latin America after Brazil and is ranked 15th in the world in terms of GDP. The IMF forecasts Mexico’s economy will grow by 2.3% in 2018 and 3% in 2019. Against the backdrop of critical national elections and the ongoing renegotiation of the North American Free Trade Agreement, 2018 are 2019 are likely to be a turbulent year for Mexico. In spite of thi
Interview:Adrián Iturbide Mejía What is Mexico’s position in the global market? ADRIÁN ITURBIDE MEJÍA: Mexico is responsible for 50% of global avocado trade, but only 35-40% of global production. The value of avocados rose by 50-60% during 2017, while production has actually fallen by 10% due to climatic conditions. Mexico has a dominant market position, and in some countries – such…
En Español Only a few weeks ago Oxford Business Group published an article on the opportunities for agri-businesses in Colombia, and here we are again talking about the prospects for one of Latin America’s fastest-growing sectors. At the local level: The Colombia case study Output from Colombia’s agricultural sector rose by 7.7% year-on-year (y-o-y) in the first quarter of 2017, quite an impressive…
The Mexican agriculture for export segment closed 2016 with a rare trade surplus and with exports up 13.7% for a value of $14.74bn. This meant it surpassed both tourism and oil as a source of foreign revenues and also overtook Canada to become the top exporter of agricultural goods to the US. A range of products from raspberries to pork showed significant growth and demonstrated the diversity of Mexican…
Following 10 years of growth roughly on par with that of the overall economy, Mexico’s agriculture sector outstripped GDP growth by 1.2 percentage points in 2016 and registered a trade surplus for the second year running. As a share of GDP it declined only slightly over 2006-15 from 3.2% to 3%, and then grew in 2016 by 3.5% compared to national GDP growth of 2.3%. This strong performance saw its…
Interview:Gaston Mauvezin How does Mexico’s forestry industry compare to other countries in the region? GASTON MAUVEZIN: The trade deficit has been a long-term issue in the Mexican forestry industry. As the country has continued to grow we have failed to sufficiently invest, and this gap has been steadily widening over the years. Other Latin American countries with fewer natural resources…
Interview:José Calzada Rovirosa Which specific factors have contributed to the resilience of Mexico’s agriculture sector? JOSE CALZADA ROVIROSA: The agriculture sector in Mexico was the most dynamic of the economy in 2016, rising by 3.5% to $88.3bn, and there is an even more positive outlook for 2017. This is all possible thanks to the drive towards modernisation we have seen over recent…
Following 10 years of growth roughly on par with that of the overall economy, Mexico’s agriculture sector outstripped GDP growth by 1.2 percentage points in 2016 and registered a trade surplus for the second year running. Given the uncertainty over future US trade policy, there has rarely been a more urgent or ripe time to address the needs of Mexico’s agriculture industry. In the short term, diversification…
At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. Projections for 2017 are couched in more uncertainty than is usual, however, in light of the lack of clarity over and the potential impact of policy changes in the US during the first year in office for US President
In English A medida que los esfuerzos para desarrollar los agroparques cobran impulso, México se posiciona bien para optimizar las operaciones de su sector agrícola y aprovechar su potencial exportador. En 2013, la Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación (SAGARPA) anunció planes para establecer una red nacional de agroparques, la cual servirá como agrupación…