Key Market Indicators
Mexico's transformer exports are expected to reach $3.3 billion by 2026, up 1.3% year-on-year from $3.1 billion in 2021. Since 1995, exports have grown at a steady 2.2% year-on-year rate. Japan was the top exporter in 2021, with $3.1 billion, followed by Germany, the United States, and Japan. Mexico's transformer imports are expected to reach $4.6 billion by 2026, up 1.9% year-on-year from $4.1 billion in 2021. Imports have grown 3.4% year-on-year since 1995. Germany was the top importer in 2021, with $4.1 billion, followed by China, Germany, and Mexico.
