In a recent interview with TV BRICS, Russian Ambassador to Mexico Nikolay Sofinsky underscored the enduring economic ties between Russia and Mexico, affirming that Mexico continues to hold its position as Russia’s second-largest trade partner in Latin America, trailing only Brazil.
Despite global geopolitical challenges, the ambassador highlighted the resilience and diversity of bilateral trade, showing a promising future for cooperation between the two nations.
Ambassador Sofinsky emphasized that the trade relationship remains robust and multifaceted.
“Mexico remains Russia’s second-largest trading partner in Latin America after Brazil, and the structure of bilateral trade remains diversified”.
Russian exports to Mexico include chemical fertilizers, metal products, grain, and rubber, while Mexico supplies Russia with coffee, pepper, pharmaceuticals, and food products. This exchange reflects a balanced and complementary economic partnership that has weathered external pressures.
Sofinsky:
”Russia has advanced lithium extraction technologies that may be in demand in Mexico in light of the growing interest in developing local deposits. Cooperation in the field of nuclear energy continues.”
The ambassador pointed to the agro-industrial sector as a cornerstone of this relationship, with Russia maintaining a significant share of wheat exports to Mexico.
He also expressed optimism about expanding agricultural trade and exploring new opportunities in pharmaceuticals, chemical industries, information technology, engineering, and artificial intelligence.
“Despite the difficult geopolitical situation, Russian and Mexican economic operators are adapting to new conditions and finding alternative ways of cooperation,” Sofinsky noted, showcasing the adaptability driving this partnership forward.
Economic data supports the ambassador’s assertions. This uptick suggests a potential rebound and underscores Mexico’s importance as a key market for Russian goods.
Sofinsky also highlighted Mexico’s strategic role as a gateway to Latin America for Russia. The ambassador’s remarks come amid plans for two major Russian trade missions to Mexico in 2025.
The interview reflects a broader narrative of resilience in Russia-Mexico relations, bolstered by Mexico’s refusal to join anti-Russian sanctions. The collaboration is a testament to pragmatic diplomacy.
Source: Russian Ambassador to Mexico Nikolay Sofinsky: Mexico remains Russia’s second largest trade partner in Latin America, TV BRICS