The Mexican dictator Porfirio Díaz, who died in his Parisian exile in 1915, left behind a phrase that is still frequently uttered today: “Poor Mexico, so far from God and so close to the United States.” Through that border marked by the Rio Grande, migrants, weapons and drugs — some of the main problems of both countries — cross from one side to the other. But there are also good economic news. Data from 2023 have filled this new year with optimism. The neighbors sometimes lend you the corkscrew and other times deny you your bread and butter. This year, it’s time to uncork the bottle.
The poor relations between the United States and China have had an unequivocal beneficiary. Mexico, with data up to last November, has practically surpassed the Asian giant in exports to the United States, its main trading partner, registering 439,000 million transactions, compared to 393,000 for China. In the same period, remittances from migrants in the U.S. to their families in Mexico exceeded the best forecasts, reaching $57.7 billion, and it is expected that when full figures for 2023 become available, the total amount will be close to $64 billion, a new record. Up with consumer spending. And there is more.
There is no country in the world where the word nearshoring has been searched more times on Google. Businessmen have the term for the relocation of companies to nearby countries to obtain greater performance thanks to cheaper labor engraved in their hearts, but word is also…
