Mexican manufacturing

In a significant shift in global trade patterns, Mexico has now overtaken China as the largest supplier of imported goods to the United States. Mexican exports to the U.S. reached an impressive $475 billion in 2023, up $20 billion from the previous year. The rise in Mexican trade reflects several converging trends: escalating trade tensions between the U.S. and China, an ongoing push to source goods closer to American shores, and the rapid growth of Mexico’s manufacturing sector. However, an additional, lesser-known factor is contributing to Mexico’s export boom—Chinese companies are increasingly using Mexico. . .