China may have found a new way to skirt US import tariffs: Go through Mexico instead

• China's exports to Mexico surged nearly 60% in January year-over-year, according to Xeneta.
• This could be a strategy to circumvent US tariffs, as many of the goods are likely being trucked into the US.
• Mexico became America's top trade partner last year, overtaking China amid geopolitical tensions.

China's exports to Mexico are booming.

In January, containers from China to Mexico surged nearly 60% from a year ago, freight platform Xeneta wrote in a blog post on Thursday, based on data from Container Trades Statistics.

"This is probably the strongest growing trade in the world right now," wrote Peter Sand, the chief analyst at Xeneta.