10 Brazilian companies participated to Expo Antad in Mexico
From March 7th to 9th, 10 companies from the food and beverage sector participated in EXPO ANTAD 2023 the largest and most important fair in the retail, hotel and restaurant sector in Mexico. The action included business roundtables between Mexican and international suppliers with buyers from chains associated with ANTAD. The consolidated business expectation of Brazilian companies for the next 12 months is over US$ 55 million.
Companies from the sectors of açaí, peanuts, meats, beverages, tapioca and flour, eggs and rice participated in the action. In 2023, it is estimated that the fair had approximately 47,000 specialized visitors from 65 participating countries.
The General Manager of Damaco Foods, Larissa Balbinot, considers participation in the fair to be strategic. “Antad reinforced that Mexico is a very diversified market with countless opportunities for Brazilian exporters. Without a doubt, the impeccable work of ApexBrasil was essential for the excellent results achieved with our participation in this edition in Guadalajara”, she said.
Mexico is the largest exporter and importer in Latin America, with the 12th largest trade flow in the world. In 2020, its exports reached US$ 417.0 billion and imports, US$ 383.0 billion. It is an economy with a high potential for trade opening: Mexican foreign trade is equivalent to 39.4% of GDP (more than double the 14.6% of Brazil), according to the WTO. 22.2% of the tariff universe for agricultural goods is exempt from import taxes, a share that reaches 53.4% for industrial goods. The average (weighted) import tax is only 4.2%, 15.7% for agricultural products and 3.5% for industrial goods. The country has 12 free trade agreements with 46 countries, in addition to nine trade agreements of limited scope with the countries of the Latin American Integration Association (ALADI).
According to a study carried out by the Ministry of Foreign Affairs, Mexico is considered by the World Bank as an upper-middle-income country, with a GDP of around US$ 1.046 trillion and per capita income of around US$ 9,000. it is the second largest economy in Latin America, after Brazil, ranking 15th among the largest economies in the world.
In 2021, according to the Ministry of Agriculture and Livestock, Brazil exported US$ 120.5 billion, with emphasis on China, the European Union and the USA, together representing more than half of the sector's exports in the country. There was a 20% increase in export value when compared to 2020. In this scenario, Mexico ranks 16th with US$ 1.5 billion, representing 1.3% of total Brazilian exports.
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