In 2023, China likely lost its position as the top exporter to the US for the first time since 2006, with Mexico surpassing it amid shifting supply chains due to tensions between the two largest economies. US imports from China dropped over 20 percent in the January-November period, accounting for 13.9 percent of total US imports, the lowest share since 2004. Mexico is expected to lead for the full year for the first time since 2000, with imports from the country on track to reach a record high. The US is diversifying its suppliers, particularly in products like consumer electronics, reducing reliance on China. This trend aligns with the US administration's "friendshoring" strategy and ongoing tariffs on Chinese products. China is responding by seeking new export markets and reducing reliance on the US.