Mexico has been a key beneficiary of reworking the global supply chains that has seen companies find ways to be closer to the U.S. economy. Total Mexican exports rose 5.8% from a year earlier in May to $52.9 billion, the second-highest reading on record. Sales of manufactured goods have made up 88.6% of all exports so far in 2023. Much of that corresponds to automotive shipments to the U.S., which jumped 31% in value from a year ago. Another trend: Mexico’s northern states are a favorite destination for companies that aim to position their own operations or link with suppliers closer to the U.S., a process known as nearshoring which often means shifting production capacity away from China. Chinese companies are also setting up in Mexico to avoid American tariffs. Read more from Pro Farmer.
Mexico Benefits From Supply-Chain Revamp
Mexico has been a key beneficiary of reworking the global supply chains that has seen companies find ways to be closer to the U.S. economy.
(Farm Journal)
Related Stories
Adjusting for inflation, the average size of farm operating loans during 2025 was 30% larger than the prior year.
While producers were aggressive sellers of soybeans last fall, they remained reluctant to move corn or wheat.
China has resumed its purchases of Canadian canola, an early sign of a revival in the trade
Read Next
“I’m just a farmer in their way,” says Georgia producer Jeff Melin. “Force me to sell, take my land, and fly in the billionaires and big companies.”
