In 2023, Mexico's food products exports to the US stood at 9.7267 billion USD. Over the last two years, these exports saw moderate growth with year-on-year variations: 0.78% in 2022 and 2.66% in 2023. Over the past five years, the compound annual growth rate (CAGR) was 2.82%. Forecasts for the next five years indicate a CAGR of 1.81%, leading to an expected export value of 10.926 billion USD by 2028, representing a total growth rate of 9.4% from 2023 to 2028.
Future trends to watch for include potential changes in trade agreements, evolving consumer preferences, and possible disruptions due to geopolitical or environmental factors. Tracking these elements will be critical for making informed strategic decisions in the food export market.
