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Key Business Snapshot: US & Mexico
Since 2019, having dethroned China, Mexico is the US’ top trading partner with 14.7% of total trade while the top 3 main US trading partners, along with Canada and China, still represent over 40% of the overall trading activity of the United States of America. Rising freight costs and the need to diversify supply chains were some of the main factors influencing the shift towards US closest neighbors.
Mexican firms stand to win a lot of ground from business opportunities with its northern neighbor, especially regarding distributorship, logistics and manufacturing, opportunities you can search and find on Powerlinx!