The import of gold to Mexico is projected to decrease significantly over the next five years. In 2023, the import value stood at $59.12 million USD. In 2024, it is forecasted to be $51.03 million USD, marking a year-on-year decline of 13.65%. The trend continues with the value in 2025 expected to be $43.059 million USD, a 15.6% drop from 2024. By 2026, the value is further projected to decline to $35.248 million USD, representing an 18.1% decrease compared to 2025. The downward trend persists into 2027 with an import value forecasted at $27.593 million USD, indicating a 21.7% decrease year-on-year. By 2028, the value is forecasted to fall further to $20.092 million USD, a 27.2% reduction from 2027.
Over the last five years, the compound annual growth rate (CAGR) shows an average annual decrease of approximately 18.8% in the value of gold imports to Mexico.
Future trends to watch for include potential changes in global gold prices, shifts in domestic demand for gold, and trade policies that could impact Mexico's economic relationships with its gold-exporting partners.
