For the first time, Mexico imported more motor vehicles into the United States than any other nation.
According to the latest data from the U.S. Census Bureau, Mexico surpassed Japan for the month of April to rank ahead of it and Canada. Canada ranked first for all but a few months over the last decade until recently, when Japan was more likely to rank first.
It’s significant because motor vehicles are the nation’s leading import.
Pair that with the fact that, for the third month in a row, Mexico has been the nation’s leading trade partner, something that had never happened until February.
The ascencion of Mexico to the top ranking for motor vehicle imports is one more indication of the critical role it plays in U.S. trade.
In another, albeit short-lived indication, in March, Port Laredo passed the Port of Los Angeles to become the nation’s top-ranked port. The Los Angeles port reclaimed the top ranking in April.
And it’s true that year-to-date, Japan still ranks first for motor vehicle imports, with 23% of the total to 22% for Mexico. Canada is at 20%. Of course, neither Canada nor Mexico have national automotive brands; instead, along with the United States, the two nations have built sophisticated supply chains to manufacture vehicles and parts for U.S., Japanese, German, Korean, Swedish and other manufacturers.
In April, however, the top two switched, each with 23% but Mexico’s total was $3.28 billion compared to $3.26 billion for Japan.
Mexico, of course, is the leading market for a wide variety of U.S. imports, including motor vehicle parts, insulated wire and cable (some for the automotive industry, some for fiber optic), commercial vehicles and the tractors that pull those trailers over our highways. It is also the top source for berries, tomatoes, avocados, peppers, cucumbers and so many more fruits and vegetables.
more recommended stories
Owner of California car dealership beaten to death in Cabo, Mexico
FRESNO, Calif. (KFSN) — Prosecutors in.
5 Mexico Beaches on International Living’s World’s Best List
Most people who dream about retiring.
Mexico’s Lopez Obrador ratings slip: to 70% approval
MEXICO CITY (Reuters) – Mexico’s President.
Walmart will supply Central America from distribution center in Kanasín, Yucatán
The president of the National Chamber.
Cozumel east coast severely affected by tons of sargasso
The east coast of the island.
What Is Small Business Insurance And What Businesses Does It Help?
Small business insurance is also known.
“Sun at the zenith” – Thursday in Merida: objects and people will not have a shadow
The phenomenon of the sun at.
Racist Kellyanne Conway to reporter: ―”What’s your ethnicity?”―
Kellyanne Conway prides herself on her.
Outrage over Trump’s racist tweets
WASHINGTON D.C (Agencies/CNN) – Outrage over.
Las Coloradas: The Unbelievable Pink Lakes of the Yucatan (VIDEO)
Hidden away on the tip of.