Based on the forecasted data, Mexico's exports of chemicals and chemical products to China are expected to grow steadily from 2024 to 2028. In 2023, actual exports stood at approximately 330 million USD. The year-on-year variations show consistent percentage increases: 2.1% from 2024 to 2025, 2.0% from 2025 to 2026, 2.0% from 2026 to 2027, and 1.9% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for the period of 2024 to 2028 is around 2.0%.
Future trends to watch for include the impact of enhanced trade relations between Mexico and China, developments in the global chemical market, and potential regulatory changes that could affect trade policies or production capabilities. Additionally, monitoring shifts in industrial demand within China could provide further insights into these forecasted growth patterns.
