Mexico’s Nearshoring Numbers

No. 1

Mexico’s standing as the leading source of U.S. imports after overtaking China in 2023

$475 billion

Value of goods imported into the U.S. from Mexico last year

$798 billion

Total value of U.S.-Mexico trade, making Mexico the largest trading partner of the U.S.

$36 billion

Foreign direct investment in Mexico in 2023

$300 billion

Value of goods moving through the Port of Laredo last year, about 39% of total U.S.-Mexico trade

U.S. imports from Mexico grew 38% from 2018-2023 while U.S. imports from China dropped nearly 21%

NAULICREA/DG-STUDIO/NOOK HOK/SHUTTERSTOCK.COM