US Buys More From Mexico Than China for 1st Time in 2 Decades

In addition, December imports from South Korea reach record high topping $116 billion.
US Buys More From Mexico Than China for 1st Time in 2 Decades
Truckers transport cargo in the Port of Long Beach, Calif., on Nov. 29, 2023. John Fredricks/The Epoch Times
Andrew Moran
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For the first time in more than 20 years, the United States purchased more goods from Mexico than China in 2023, highlighting a change in international trade and spotlighting America’s de-risking efforts.

Last year, the United States imported more than $475.6 billion in goods from its southern neighbor and exported about $323.2 billion, according to new Census Bureau data.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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