Merchandise exports to the United States reached a record level during April, a factor that further consolidates Mexico's position as the main supplier of goods, according to figures revealed by the US Census Bureau.
Official data show that exports coming from Mexico They totaled 43 thousand 65 million dollars during the fourth month of the year, a figure that represents a maximum level never seen before in a single month.
In addition, this figure represented a growth of 13 percent compared to the same period of the previous year.
Mexico It was also possible to maintain the main supplier of goods for the United States economy, being supported by this exceptional performance, accounting for 15.9 percent of the total imports of the neighboring country to the north.
On the other hand, Mexican exports reached a cumulative sum of 162,915 million dollars during the first four months of the year. This represents an increase of 6.2 percent compared to the same period in 2023.
This positive trend was also reflected in Mexico's market share, remaining at a level of 15.9 percent.
And what did Mexico receive from the US?
In the opposite direction, our country positioned itself as the second destination for the export of merchandise coming from the United States during April.
In said period, sales of US merchandise to Mexico reached a sum of 29,399 million dollarsthis represents an increase of 18.2 percent compared to the same period of the previous year.
In accumulated terms, between January and April of this year, Exports from the United States to Mexico totaled 109,563 million dollarsa figure that represents an increase of 3.4 percent compared to the same period of the previous year.
The US will put pressure on Mexico, why?
Senior Vice President Carlos Pascual, head of geopolitics and international affairs at S&P Global Commodity Insights, warned that there is a possibility that The United States puts the trade relationship between Mexico and China on the tableto the point of pressuring the country to decide between both nations.
By participating in the Annual Summit of Indices and ETFs in Mexico 2024, the expert indicated that the United States' strategy in its competition with China aims to boost manufacturing and industry. Therefore, the relocation of companies to Mexico and Latin America favors it.
In this sense, he explained that the fact that China moves to Mexico with a production base to export to the United States would represent a very complicated point to review the trade agreement that unites North America, even the automotive sector will play a very relevant role.
“In the renegotiation of the T-MEC it may be certain that, whether Democrat or Republican, one position that the United States is going to take is that they are going to force a decision: you are with the United States, which receives 80 percent of your exports, or you are with China,” he mentioned.
