Made in Mexico vs. Made in China

With ten years of efforts, the second largest economy in Latin America has now become a real competitor of China. Products made in Mexico represented 14.2% of the total finished product import of the U.S., which is the largest import country around the world (it was merely 11% in 2005). China, which has earned most of the market share among U.S. imports, is currently losing its advantage. The market share of China among the U.S. import market topping 29.3% in 2009 has dropped to 26.4%

While gaining more market share in U.S. market, Mexico is also diversifying its customer base. 10 years ago, roughly 90% of exports of Mexico were shipped to the U.S. Last year, that figure declined to under 80%. In recent years, part of the automobile, aircraft, electronics, and computer industries from the U.S. and Europe relocated their assembly lines to Mexico as well as increasing the investment. Mexico seems to have become the first choice of multinational corporations as a supply base to Latin America and other regions. Until now, the finished product export of Mexico outpaces the total amount in all other Latin American countries.