Imports from Mexico to China have increased rapidly during 2024, which has provoked criticism from its North American trading partners; However, purchases from the Asian giant are not the only ones with strong increases, given that the same is observed from other countries on that continent, including Malaysia, Thailand, Taiwan and Vietnam.
According to information from the Bank of Mexico (BdeM), between January and October – latest data available – the value of Mexico’s imports from China rises to an unprecedented level of 108,152 million dollars, an increase of 14.1 percent. percent from 94,780 million dollars in the same period of 2023.
This dynamism occurs after a 6 percent contraction was recorded in the first 10 months of 2023 compared to the same period of the previous year.
In Asia, Vietnam also stands out, the sixteenth most populous country in the world, whose sales to Mexico stood at 12,416 million dollars at the end of last October, an increase of 29 percent from 9,649 million dollars in the same month. of 2023.
Another country that has significantly increased its sales to Mexico is Thailand, since between January and October 2024 it sent merchandise for 8,907 million dollars, an increase of 22 percent compared to the 7,329 billion dollars registered. a year before.
Behind comes Taiwan, which has sold goods to Mexico for 14,176 million dollars, 20 percent more than the 11,826 million from January to October 2023, and last is Malaysia, from where goods were imported for 11,000. 270 million dollars, 12 percent more compared to the 10.97 million dollars of the same period of the previous year.
Together, China, Malaysia, Thailand, Taiwan and Vietnam have sold merchandise worth 154,921 million dollars to Mexico, which is equivalent to 30 percent of the 524 billion dollars that the country has purchased in the first 10 months of 2024. That is, almost a third of national imports come from those five Asian countries led by China.
In the same period, Mexico’s imports from the United States (its main trading partner) amounted to 211.31 billion dollars, that is, 40 percent of the total, while those from Canada (its other North American partner) They reached an amount of only 10,847 million dollars, which is equivalent to only 2 percent of the country’s total purchases.