China imports drop — SourcingJournal.com

Imports of goods made in China dropped in 2023, in part due to the U.S. working with other countries, such as Mexico:

“The United States contributed to the slump with a steep 13 percent drop in imports from China to $500.3 billion, its biggest deflation since the agency began keeping records in 1995. It’s also likely, according to numbers released by the U.S. Commerce Department last week, that another country—in this case, Mexico—will boot China from its position as America’s leading source of imported goods for the first time in 17 years. For the first 11 months of 2023, goods imported from China amounted to 13.9 percent of U.S. imports, less than the 15 percent hailing from Mexico.“

Walmart’s supply chain is vast and complex. Learn how to navigate it with 8th & Walton’s How to Navigate Walmart’s Supply Chain course.