The US is now buying more from Mexico than China for the first time in 20 years

• For the first time in 20 years, annual US imports from Mexico surpassed China.
• The shift stems from ongoing US-China tensions and Mexico's growing economic significance.
• Concerns remain about Mexico's infrastructure and energy availability despite strong 2023 performance.

New data released Wednesday by the Commerce Department showed that in 2023, Mexico was the leading source of goods imported to the US — ahead of China for the first time in over 20 years.