Mexico's manufacturing sector surpasses China as top US exporter, benefiting from US supply chain decoupling.
Mexico's manufacturing sector is benefiting from US supply chains decoupling from China, attracting US and Chinese businesses. Nearshoring, bringing production facilities closer to home markets, is driving this shift. As global supply chains reorganize, Mexico's manufacturing sector has an opportunity for long-term success, according to Goldman Sachs' head of Latin American economics research, Alberto Ramos. Mexico has surpassed China as the top exporter to the US, with manufacturing exports driving this growth.
April 28, 2024
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