Historical data shows fluctuating trends with drastic changes such as -14.86% in 2020, followed by a significant rebound of 23.45% in 2021. The forecast for 2023 indicates a 2.25% year-on-year growth with a future five-year CAGR prediction of 1.72% and a projected aggregate growth rate of 8.88% by 2028.
Future trends to watch include the effect of technological advancements and geopolitical shifts on supply chains. Mexico's role as a manufacturing hub is likely to evolve with greater emphasis on advanced semiconductor imports driven by expanded automotive and electronics sectors.
