➀ Mexico's GDP in 2023 was $1.79 trillion, making it the 15th largest economy globally. Due to trade barriers, the U.S. is strengthening the return of manufacturing and offshoring, making Mexico the largest trade import country for the U.S. Mexico has become a core part of the U.S. supply chain and is a member of the USMCA due to factors such as geography, labor costs, and intellectual property protection. The influx of companies building factories in Mexico is significantly driven by U.S. market and customer orders. Tesla's construction of its fifth super factory in Mexico is a major booster of the current Chinese manufacturing investment in Mexico trend. ➁ Mexico City, the capital, contributes $369 billion to the national GDP and is the political, economic, cultural, and transportation center of the country. ➂ Monterrey, the third-largest city in Mexico, is an important industrial and commercial center with many multinational corporations. Chihuahua State, located in northwestern Mexico, is the largest state in the country and a major commercial and industrial hub with convenient transportation infrastructure.
Related Articles
- 10 Dividend Aristocrats With Big Upside Potential In 20252 months ago
- History Says Buy. The Market Says Wait. Who's Right On Amazon?2 months ago
- SoFi Technologies: Don't Overthink It - Accumulate More While You Still Can2 months ago
- Tesla: Beaten Down, Out-Of-Favor And A Strong Buy2 months ago
- OXLCI: The Way To Invest In Oxford Lane If You Missed The Pullback In The Common Stock2 months ago
- Carvana: Load Up While The Markets Are Fearful3 months ago
- Goldman Sachs BDC: Dividend Alignment, But Still A Buy3 months ago
- Brookfield Asset Management: Market Correction Offers Another Opportunity To Buy This Business3 months ago
- History Says Shut Up And Buy: 12 Hyper-Growth Blue Chips To Buy Right Now3 months ago
- 3 Dividend Stocks To Buy Now Before The Market Rebounds3 months ago