Mexico: US Exports to Mexico Down on Reduced Demand Due to COVID 19 Effects

In fiscal year 2020 (October 2019-September 2020), total U.S. agricultural exports to Mexico declined by five percent to $18.1 billion from the previous fiscal year. Although Mexico remained one of the top three importers of U.S. agricultural, food and forest products by value, the COVID-19 pandemic impacted the entire supply chain in both the U.S. and Mexico. The first six months of FY 2020 showed steady bilateral trade, but April-September showed reductions in key categories of U.S. exports. Reductions in FY 2020 exports were most observed in animal proteins in response to preference for lower priced proteins, and closures or reduced capacities in the hotel, restaurant, and institutional sector.

Mexico: US Exports to Mexico Down on Reduced Demand Due to COVID 19 Effects