Taiwan's trade with Mexico is booming on the back of AI data center building, and Taiwan is now on track to pass China as Mexico's second-biggest trading partner.

• Taiwan's exports to Mexico doubled in a year, driven by servers, chips, and computer gear.
• The buyers are the AI data centers going up across the US and Mexico, plus Taiwanese firms that assemble parts in Mexico and ship them north.
• Taiwan is already Mexico's third-largest trading partner, behind the US and China, and could overtake China if the US-Mexico-Canada trade deal stays in place.
• More than 300 Taiwanese companies already operate in Mexico, employing over 70,000 people directly.
• Taiwan and Mexico still have no full trade agreement, which Taiwan's office there says is holding back even more investment.

Outlook: The AI building boom is expected to run for another decade or two, so more Taiwanese money and factories are likely headed to Mexico as a launchpad into the North American market.