MedioBandido
MedioBandido t1_jdipgj3 wrote
Reply to comment by 6158675309 in [OC] In 2022, Mexico traded more with Texas than it did with all of Asia and 6x as much as it did with all of LatAm. by latinometrics
Yes to an extent. It’s not 1:1. There’s a pretty convoluted formula used to determine country of origin depending on where the components come from. If you shipped 100% of components to Mexico where you glued them together, I don’t think you’d get away with an Hecho en Mexico.
MedioBandido t1_jdioyrw wrote
MedioBandido t1_jdiofwc wrote
Reply to [OC] In 2022, Mexico traded more with Texas than it did with all of Asia and 6x as much as it did with all of LatAm. by latinometrics
From the geography northern Mexico, it makes a lot of sense. Places like San Antonio and Laredo are further south than Mexican cities such as Hermosillo and Chihuahua.
Our California biz exports to Mexico and we still ship everything to freight forwarders in TX first. It is more efficient to ship on rail to Laredo, then truck it into Mexico City or wherever than to truck it from California directly.
Laredo is like half as close to CDMX as San Diego is.
MedioBandido t1_jdjjxfm wrote
Reply to comment by MoistHope9454 in [OC] In 2022, Mexico traded more with Texas than it did with all of Asia and 6x as much as it did with all of LatAm. by latinometrics
It’s the sum of both