Table 1 Top five countries with potential opportunities of nearshoring for trade in goods (US$ millions)1.

From: Developing a virtual reality and AI-based framework for advanced digital manufacturing and nearshoring opportunities in Mexico

Country

Quick wins - United States

Intra-LAC quick wins

Medium term opportunities

Total

Mexico

29,679.4

2628.2

2970.6

35,278.2

Brazil

4153

3144.3

546.8

7844.1

Argentina

890.7

1518

1497.8

3906.5

Colombia

1498.5

886.9

188.4

2573.8

Chile

665.8

516

641.1

1822.9