Mexico Overtakes Canada as Second Largest Exporter to US

According to figures released by the Department of Commerce, Mexico has overtaken Canada in its value of exports to the U.S., primarily due to an increase in automotive manufacturing south of the border.
Between January and October, 2016, shipments from the Central American country totaled $245 billion, ahead of Canada’s $230 billion. The two countries were tied at the end of 2015.
Two decades ago, Canada’s share of U.S. imports was around 20%, but it now sits at 13%.
“Integration with Mexico has become more solid than with Canada,” said Marco Oviedo, chief Mexico economist for Barclays Plc. “Manufacturing continues to be very competitive in terms of wages and location to other U.S. producers and suppliers.”