Economy & Business - July 2003

In the first quarter of 2003, the country ran a surplus of US$427m in agricultural trade with the US. This was US$258m more than it managed in the first quarter of 2002. The growing surplus sits oddly with the protests made by farmers at the beginning of the year over the lowering of Mexican agricultural tariffs. 

The main reason for the increase in exports was a surge in exports of vegetables, notably, tomatoes, chillies and peppers, to the US. The economy ministry also notes that imports of sensitive products, such as maize and beans, had fallen substantially.

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