México Surpasses China as Top U.S. Exporter for First Time Since 2002
The international trade landscape witnessed a significant shift in 2023, with Mexico surpassing China as the top exporter of goods to the United States for the first time in 21 years. According to official data, Mexican exports to the United States reached $475.606 billion, while Chinese exports decreased by 20%.
This shift is attributed to efforts by the United States to decouple its economy from China, along with incentives offered by the United States-Mexico-Canada Agreement (USMCA) to attract companies looking to relocate from China.
This milestone marks a significant change in the international trade landscape, with Mexico solidifying its position as the top trading partner of the United States.
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