2024-02-17 02:01:00 ET
Summary
- Mexico became the largest U.S. trading partner in 2023, totaling 15% of U.S. imports.
- Mexico is poised to benefit from nearshoring, a growing trend that’s encouraging U.S. firms to manufacture goods close to home.
- In 2023, Mexico passed China as the largest importer to the U.S., accounting for 15% of total U.S. imports, according to data from the U.S. Commerce Department.
Originally posted on February 15, 2024
By Ivan Castano
At A Glance:
- Mexico became the largest U.S. trading partner in 2023, totaling 15% of U.S. imports.
- As the Mexican peso climbed in 2023, trading in Mexican peso futures increased to $1.8 billion daily.
Mexico is poised to benefit from nearshoring, a growing trend that's encouraging U.S. firms to manufacture goods close to home. That places a renewed focus on trade and increased attention from investors on the rising Mexican peso....
Read the full article on Seeking Alpha
For further details see:
Nearshoring Brings A Focus On Mexican Peso