In 2024, Mexico's agricultural raw materials imports are projected to account for 0.85% of total goods exports. This marks a decrease from 2023 levels, reflecting a downward trend in imports as a percentage of goods exports. This trend is set to continue, with imports forecasted to fall to 0.79% in 2025, 0.74% in 2026, 0.68% in 2027, and further to 0.63% by 2028. From 2023 to 2024, there is notable year-on-year variation, but the average annual change over the last five years indicates a consistent decline.
Future trends to watch for include:
- Continued impact of trade policies on import levels.
- Fluctuations in domestic agricultural production affecting import needs.
- Global market conditions influencing the cost and availability of agricultural raw materials.