China Now Sells Fewer Goods to the US Than Mexico or Canada Do
- US imported 25% fewer goods from China in 1H from year ago
- Mexico and Canada are top suppliers of merchandise to US
Shipping containers at the Yangshan Deepwater Port in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Mexico and Canada have replaced China as the top providers of goods to the US as a nearshoring push encourages more diversified supply chains.
The US imported about $203 billion in goods from China in the first six months of the year, 25% less than in the same period in 2022, based on the latest unadjusted data from the Commerce Department. The figures are not adjusted for inflation.