Mexico Starts 2023 as the Top US Trading Partner : Infographic

Mexico is benefitting from US firms’ near-shoring manufacturing operations since Covid-19 and the recent supply chain crisis. One way to validate this is by reviewing trade data between the two countries. According to recent data, Mexico’s trade with the US has increased year-over-year for the second consecutive month in January of this year. The following infographic shows some of the related facts:

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Source: Freight Waves

It is interesting that some of the top export products to Mexico are motor vehicle parts and computer chips. These items are used in the assembly of automobiles and computers making them as the top import products into the US.

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