2 mai 2023
Transport international

Mexico’s Exports Hit Record in Sign Nearshoring is Booming

Veuillez noter que certaines nouvelles de transport international ainsi que les nouvelles américaines sont disponibles en anglais seulement.

Mexico’s exports reached a record $53.6 billion in March, leading to a trade surplus, as the country continues to benefit from U.S. demand for its manufactured products.

Total Mexican shipments abroad rose 3.2% in annual terms last month, faster than the 1.1% increase in imports, which hit $52.4 billion, the country’s statistics institute said on Thursday. That led to a $1.17 billion trade surplus.

Latin America’s second-largest economy has been profiting from the arrival of investments and factories that seek to ship across the border into the U.S. market, a process known as nearshoring. In March, manufacturing exports grew 5.3% compared with the previous year, led by automobile production, which jumped almost 16%.

Read more in an article from the American Journal of Transportation.

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