U.S. tariffs on Chinese goods have unexpectedly strengthened China-Mexico economic ties. In 2023, bilateral trade between China and Mexico reached $100.2 billion, making China Mexico’s second-largest trading partner. Chinese exports to Mexico totaled $81.56 billion, while Mexican exports to China reached $18.74 billion. Chinese companies are increasingly investing in Mexico, with FDI reaching $5.6 billion in 2023. This shift is particularly noticeable in the automotive sector, where Chinese vehicles now account for 10% of Mexico’s market share.
