Photo 284061502 © Aleksandr Atkishkin |

Mexico Passes China as No. 1 Source of US Imports

Feb. 8, 2024
Massive declines in Asian goods sent to the U.S., coupled with growth from Mexico, flips long-standing trade patterns.

Continuing global tensions and tariffs on goods imported from China have upended trade standings, pushing Mexico to a dominant No. 1 position as the biggest supplier of imports to the United States.

Data released by the U.S. Department of Commerce show a dynamic upset of global trade, highlighted by a $130 billion flip between China and Mexico. Trade with Mexican goods grew by nearly $21 billion and Chinese merchandise fell by $119 billion. Put another way, China’s exports decline last year was roughly the total amount of U.S. imports from India and Brazil combined.

While near-shoring, the practice of moving manufacturing from Asia closer to the United States to shorten supply lies, may have played a factor, it doesn’t look like it played much of a role outside of Mexico.

Imports to the U.S. from South and Central America were down nearly 6%, a much better showing than the Middle East’s 17.4% drop in goods sent to the U.S. or the Pacific Rim’s 11.7% decline (driven almost entirely by China’s 20.3% dive in exports to the U.S.).

The overall decline in imports to the U.S. is the first major drop since pandemic-fueled declines in 2020.

Popular Sponsored Recommendations

The State of Digital Manufacturing Report 2023

May 8, 2023
Manufacturers Brace for an Uncertainty by Continuing Digital Transformation and Sustainability Initiatives.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

Lufthansa Technik Soars to New Heights in Manufacturing and Service by Implementing a Digital Thread

Feb. 22, 2024
Learn how Lufthansa Technik is leveraging digitalization to find efficiencies to keep costs down, while keeping customer satisfaction high & increasing quality.

Sprint Implementation for Digital Transformation

Feb. 1, 2024
Discover a revolutionary approach to digital transformation. Uncover the flaws in current methods that cause 70% project failure rate. Learn how sprint implementation can maximize...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!