Mexico Overtakes China as Top U.S. Import Source in 2022
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Mexico has overtaken China as the top supplier of foreign goods and services to the U.S. in 2022. Mexico's imports to the U.S. have doubled since 2010.
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Cooling U.S.-China relations, the pandemic, and companies seeking alternate suppliers have driven the shift to Mexico.
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Major imports from Mexico include cars, appliances, machines, and produce. These account for 70% of Mexican imports.
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In Jan-June 2023, U.S. imports totaled $239B from Mexico, $219B from China, $214B from Canada.
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The import shift to Mexico is unlikely to reverse as Chinese imports to the U.S. have shrunk 24% in 2022 over 2021.