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.
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