Mexico captured 24% of US import market that China lost between 2018-2024
China’s loss is Mexico’s gain. Between 2018 and 2024, the value of China’s exports to the United States declined by 18.5%, falling from US $538.5 billion in the former year to $438.95 billion in the latter year. China’s share of the U.S. market for imports declined significantly as a result. According to Mexico’s Finance Ministry…