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Mexico's Agri-food Exports Grow by 6.5%

Karla Salinas | 04.01.2017

Agro-industry exports had reached $11.8 billion by the month of May, 12% over the record for the same period in 2015.

Agri-food exports surpassed the $23.66 billion record from January through October 2016, equivalent to a 6.5% annual rate increase, informed the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA).

Agro-industry exports had reached $11.8 billion by the month of May, 12% over the record for the same period in 2015.

SAGARPA details that this increase signifies extra income related to international agri-food product sales, valued at $1.43 billion.

On the other hand, foreign sales of the agro-industrial sector peaked at $11.79 billion, that is 1.4% more that the record for January-October 2015.

Besides, the agri-food exports have stayed above other types of income, such as oil sales, which reached a $15.22 billion value over the figures for the same period, as well as remittances, with a total of $22.26 billion.

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