Key Market Indicators
Mexico's import of electrical equipment is projected to surge to approximately $117 billion by 2028, up from around $104 billion in 2023. This represents an annual growth rate of 1.7%. Historical data indicates that since 1995, the demand for electrical equipment in Mexico has consistently increased by an average of 2.1% per year. On the export front, Mexico is expected to reach nearly $96 billion by 2028, rising from about $89 billion in 2023. This reflects an average annual growth rate of 1.2%. Since 1995, the country's supply of electrical equipment for export has grown by an average of 1.8% each year.
