Mexico surpasses China as top US goods exporter, benefiting from US-China tensions and "nearshoring" trend.
Mexico aims to capitalize on US-China tensions, as companies relocate manufacturing operations near the US to avoid supply chain disruptions and geopolitical risks. Last year, Mexico surpassed China as the top exporter of goods to the US, benefiting from the "nearshoring" or "friendshoring" trend. The country expects $9bn of foreign investment in its export manufacturing industry this year, predicting a "new world economic order."
May 20, 2024
5 Articles