INSUBCONTINENT EXCLUSIVE:
Mexico has achieved a remarkable milestone in its trade relationship with the United States
Recent data from the US Census Bureau reveals a significant shift in import patterns.Mexico now stands as the leading external supplier to
the US market, surpassing both China and Canada
This represents a two percentage point increase compared to the same period last year.The trend has been steadily climbing over the past
Hit Record 15.7% Market Share
exports to the United States
August 2024 saw Mexican exports to the US grow by 12.5%, reaching $42,748 million.This outpaced both Canada and China
USMexico has become the top exporter of manufactured goods to the US
Meanwhile, the US primarily exports basic grains to Mexico
This trade dynamic underscores the complementary nature of the two economies.The Mexican government plans to focus on increasing the added
This metric has remained relatively stable since the early 2000s.Efforts will be made to strengthen national content and add value to the
From January to August 2024, Mexican exports to the US increased by 5.8%.This growth outpaced both China and Canada
Mexico is also approaching the status of being the top destination for US merchandise exports globally
global supply chains and regional economic integration
The coming years may see further shifts in this dynamic trade landscape.
