The exports of ICT Services in Mexico have shown fluctuations over the last decade. Starting from $887.87 million in 2013, the value peaked intermittently, reaching $1077.2 million in 2022, before slightly declining to $1065.4 million in 2023. The year-on-year variation has varied significantly, illustrating periods of growth and contraction. Over the last two years, there has been a slight decrease of 1.09% in 2023 after a 2.63% increase in 2022. The Compound Annual Growth Rate (CAGR) for the last five years is 1.43%, with a forecasted CAGR of 0.85% over the next five years, indicating moderate growth.
Going forward, stakeholders should monitor the evolution of global ICT demands, policy changes, and technological advancements which may influence Mexico's export capacity and competitive standing in the global market. Additionally, the potential impact of economic reforms and international trade agreements may play crucial roles in shaping future trends.
