Based on historic data from 2013 to 2023, Mexico's textiles exports to China showed a significant decline. The peak value was in 2013 at 43.289 million US dollars, falling sharply by 38.7% in 2014, and consistently decreasing over the subsequent years. Between 2022 and 2023, exports saw a minor decline of 2.01%, standing at 15.468 million US dollars in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 showed a decrease of -3.19% on average per year, indicating a persistent downward trend.
The forecast for the future up to 2028 portrays a continued decline in export values, with a five-year CAGR of -1.8% and an overall reduction of 8.67% from 2023 to 2028.
Future trends to watch for:
- Impact of trade policies between Mexico and China
- Global textile market fluctuations and demand shifts
- Technological advancements and changes in production costs
- Competition from other textile-exporting countries
