Where was most of America's stuff imported from last year? Hint: It's not China

Mexico has surpassed China as the top exporter of goods into the United States, according to trade data from the Commerce Department. In 2022, Mexico sent $475.6 billion worth of goods to the US, marking a 5% increase from the previous year. Meanwhile, China’s exports to the US experienced a 20% decline, reaching $427.2 billion. The decline in the US trade deficit and the shift in imports can be attributed to a weaker dollar making American goods more affordable abroad and the impact of tariffs imposed by the Trump administration. Additionally, demand has shifted towards services like travel and entertainment rather than goods, leading to changes in consumer spending habits.