Mexico emerged as the top trading partner of USA
Mexico kicks off this year as the top trading partner of the United States. Earlier in the Financial year 2022, China was the top trading partner for the United states. According to the US trade data reports, China had a total trade of 537 billion US Dollars. Whereas Mexico was the second largest trading partner of the United States followed by Canada, Japan, Germany, Vietnam, South Korea, Taiwan, India, Ireland and Italy. As per Mexico import export data , the total imports exports from Mexico were around 454 billion US Dollars in FY 2022. While 2023 reports reflect that Mexico has emerged as the top trading partner of the United States. According to the Mexico customs data , the overall trade enhanced by 12% in FY 2023. The total trade with the US was around 64 billion US Dollars. While Mexico export data indicates that the total exports were 27 billion US Dollars. On the other hand, the imports accounted for 37 billion US Dollars in 2023. As per US import data , vehicles, au...