Mexico’s Border Bonanza Shows U.S. Importers Looking Outside China
An interior view of the TSC Miami factory, which prints designs onto shirts, in Ciudad Jurez, Chihuahua state, Mexico on Dec. 1, 2021.
Photographer: Paul Ratje/BloombergMexico’s economy appeared to limp into 2022. But factory-filled states along the U.S. border are thriving, with the country’s exports surpassing $80 billion in the first two months of the year.
Due to strong U.S. demand and a revival of the auto sector, investors are moving in and banks are getting ready to finance new projects. Exports of non-petroleum goods grew almost 27% in February compared with the year earlier. If you’re interested in cars, toys, or medical supplies, there’s probably a company ready to ship through the world’s busiest border.