Key Market Indicators
Mexico's weapon import market is projected to climb to approximately $166 million by 2028, up from nearly $160 million in 2023. This represents a compound annual growth rate (CAGR) of 0.6%. Since 1965, the nation's demand for weapons has surged by a notable 60.5% annually. In 2023, Mexico ranked 40th globally in weapon imports. Spain surpassed Mexico in the same year, matching its nearly $160 million import figure. Leading the global ranking were Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth positions, respectively.
