Mexico: Exporter Guide

  |   Attaché Report (GAIN)   |   MX2022-0067

Mexico was the second largest food and agricultural export market for U.S. exporters in 2021 with exports valued at $26.5 billion. Mexico’s economy grew by 4.8 percent in 2021, following a dramatic 8.1 percent contraction in 2020 due to the pandemic. Recovery is ongoing, underpinned by favorable consumption, Mexico’s deep economic integration with its North American neighbors, and the tourist sector’s recovery. Its tourism sector is a main macroeconomic driver and contributed 7.1 percent to Mexico’s macro economy in 2021. Although the HRI sectors experienced an economic downturn during the pandemic, widespread COVID-19 vaccinations and no remaining mobility restrictions have enabled Mexico’s tourism and hospitality sectors to quickly rebound. Mexico’s food processing industry is the 12th largest globally, and the third largest in the Americas following the United States and Brazil. Mexico’s fast-growing food retail sector continues to offer promising opportunities for U.S. products.

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