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Wired

China Conquers Mexico's Automotive Market, and the US Is Worried

Wired
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85% Informative

China has positioned itself as the main car supplier in Mexico , with exports reaching 4.6 billion dollars in 2023 .

The automotive industry contributes 4.8 percent of the country's Gross Domestic Product.

Mexico is the second largest market for Chinese automobiles worldwide, behind only Russia .

Mexico managed to marginally displace Japan and the United States in the world ranking of automotive exporters, moving up to third place.

The European Union led automotive exports in 2023 , reaching a total of $831 billion .

It was followed by China with $170 billion , Mexico with $158 billion , Japan with $157 billion .

Strong regional integration under the US -Mexico-Canada Agreement has also been a key factor.