As of August 2023, Mexico is the top trading partner of the United States, surpassing China. The total trade between the US and Mexico in 2022 was $628.7 billion, while the total trade between the US and China was $586.1 billion.
The main commodities that Mexico exports to the US are:
- Vehicles and parts
- Machinery
- Electrical equipment
- Chemicals
- Oil and gas
The main commodities that China exports to the US are:
- Electronics
- Machinery
- Clothing
- Toys
- Footwear
The trade between Mexico and China is also significant, but it is much smaller than the trade between Mexico and the US. In 2022, the total trade between Mexico and China was $116.6 billion.
The main commodities that Mexico exports to China are:
- Crude oil
- Silver
- Copper
- Automobiles
- Beer
The main commodities that China exports to Mexico are:
- Machinery
- Electrical equipment
- Electronics
- Textiles
- Clothing
The trade between Mexico, China, and the US is complex and dynamic. It is influenced by a variety of factors, including the relative strengths of the three economies, the tariffs and other trade barriers that are in place, and the global economic conditions.
Here are some of the reasons why Mexico surpassed China as the top trading partner of the United States:
- The US-China trade war, which began in 2018, led to higher tariffs on Chinese goods, which made them less competitive in the US market.
- The COVID-19 pandemic disrupted supply chains, which made it more difficult for US companies to get goods from China.
- The US government has been encouraging businesses to “nearshore” their operations, which means moving them closer to the US market. Mexico is a good location for this because it has a low-cost workforce and a strong manufacturing sector.
It is likely that the trade between Mexico, China, and the US will continue to be a dynamic and important part of the global economy. Cozumel will continue to benefit from the travel industry as the international airport is built in Tulum making it closer for international alternatives to Cozumel international airport.
For me, Cindy Trautwein living a vacation everyday I would love the pesos and dollar to more like it was before Cvoid. Trade away Mexico