Container cargo volume between China and Mexico surges, and Mexican ports expand massively

Sunny Worldwide Logistics is a logistics company with more than 20 years of transportation experience, specializing in markets such as Europe, the United States, Canada, Australia, and Southeast Asia. It is more of a cargo owner than a cargo owner~

Data from Container Trades Statistics shows that from January to May, container freight volume between China and Mexico reached 563,829TEU, an increase of 28% from the same period in 2023 and a record high. In 2023, the growth rate of container freight volume between China and Mexico will reach 34.8%, compared with only 3.5% in 2022.

Last year, Mexico surpassed China and became the largest trading partner of the United States. Global liner companies have launched new routes from Asia to Mexico. Since this year, liner companies such as MSC, COSCO Shipping, ONE, and HMM have all opened new routes to Mexico.

Currently, Mexican ports are increasing their container handling capacity. ICTSI has allocated US0 million to expand the terminal at the Port of Manzanillo to increase the annual processing capacity of the terminal from 1.4 million TEU to 2 million TEU. Last year, APMT invested US0 million in the Port of Lazaro Cardenas to increase the terminal’s annual handling capacity to 2.2 million TEU. Hutchison Ports also spent 0 million to expand its terminal in the Mexican port.

Analysts at data platform Xeneta said China-Mexico trade has grown alarmingly in recent years as importers use Mexico as a backdoor to the United States to circumvent U.S. tariffs on Chinese imports. In addition, Mexican manufacturing investment The increase is also a factor. The company also assumes that if this growth rate continues, by 2031, the volume of containers exported from China to Mexico will exceed the volume of containers exported from China to the U.S. West Coast.