According to a recent CoBank report, Mexico is on track to surpass Canada as the largest importer of U.S. agricultural products in 2025, with imports reaching $31.4 billion in 2024, just shy of Canada’s $32.4 billion. Over the past four years, U.S. agricultural exports to Mexico have surged by 65%, driven by rising demand for meat, dairy, poultry, and feed grains as Mexican consumers expand their diets post-pandemic.

U.S. exports of corn, soybeans, and by-products are being fueled by Mexico’s growing livestock industry and poor domestic harvests due to severe droughts. Meanwhile, U.S. dairy exports to Mexico have risen 76% since 2020, led by strong cheese demand. While the Mexican economy is slowing and the peso has weakened, analysts expect the country to also become the largest buyer of U.S. grains, feed, and oilseeds—overtaking China—amid shifting global trade dynamics. The trend further benefits from improved rail access following the CP–Kansas City Southern merger, which streamlines Canadian exports to Mexico.

Link: https://www.producer.com/markets/mexico-now-top-buyer-of-u-s-ag-commodities/