In 2023, the United States marked a significant milestone as it surpassed China in imports of goods and services from Mexico for the first time. This shift was influenced by factors such as geographic proximity and heightened tensions between the US and China.

The robust US economy continues to outshine others globally, with efforts focused on addressing inflation and bolstering the labor market.

Initial Jobless Claims fell 9,000 to 218,000. Continuing Claims fell 23,000 to 1.871M.

Mexico

In 2023, the US imported $475 billion worth of goods from Mexico, which is a 5% increase from 2022. In the first 11 months of 2023, goods imported from Mexico accounted for 15% of US imports.

China

In 2023, the US imported $427 billion worth of goods from China, which is a 20% decrease from 2022.