North America Import and Export Data

 

North America, in the Northern and Western Hemisphere, is a vast continent that occupies the Arctic Archipelagos, such as the Bahamas, Turks, and Caicos. It is one of the globally thriving economies worldwide with an extensive population of 580 million. The region is surrounded by the Arctic Ocean and the Atlantic Ocean in the north and east and by Caribbean Sea and Pacific Ocean to the West and South. The country is spanned over a land area of 24, 709, 000 square kilometers and is rich in abundance of natural resources such as oil, gas, timber, minerals, and agricultural products.

The economy of the giant is driven by the import and export trade rates along with the agricultural and finance sectors. The United States within the region is the largest globally growing economy of the region accounting for more than 75% of the total GDP of the continent followed by Canada and Mexico. The boosted trade from the countries within the region has recorded a GDP of 25 trillion in 2023 according to the Global Import Export Data.

Top Imports of North America

The imports of North America are one of the most significant factors that contribute to the growing economy of the continent by boosting the export production demanded from different traders across the world. As per the North America Import Data, the top 10 traded import commodities of the nation in 2023 with their trade values are discussed below,

• Machinery and Mechanical appliances – The import trade value generated from the import of Machinery and Mechanical appliances  in 2023 -  400 billion US dollars

• Electrical Machinery and Equipment - The import trade value generated from the import of Electrical Machinery and Equipment  in 2023 – 380 billion US dollars

• Vehicles - The import trade value generated from the import of Vehicles in 2023 – 350 billion US dollars

• Mineral Fuels - The import trade value generated from the import of Mineral Fuels in 2023 – 270 billion US dollars

• Pharmaceuticals - The import trade value generated from the import of Pharmaceuticals in 2023 – 190 billion US dollars

• Plastics - The import trade value generated from the import of Plastics  in 2023 – 150 billion US dollars

• Optical, Photographic, or Medical Equipment - The import trade value generated from the import of Optical, Photographic, or Medical Equipment in 2023 -  120 billion US dollars

• Organic Chemicals - The import trade value generated from the import of Organic Chemicals in 2023 – 105 billion US dollars

• Iron or Steel - The import trade value generated from the import of Iron or Steel in 2023 – 100 billion US dollars

• Articles of Iron or Steel - The import trade value generated from the import of Articles of Iron or Steel in 2023 – 80 billion US dollars

Top Import Destinations of North America 2023

North America is right now one of the top trade destinations across the world with a diverse range of traded commodities. The region attracts different import commodities from top traders across the world to boost the economy. As per the North America Trade Data, the top 10 import destinations of the region in 2023 with annual trade values are discussed below,

• China – The import trade value generated from the imports of China in 2023 – 600 billion US dollars

• Canada – The import trade value generated from the imports of Canada in 2023 – 500 billion US dollars

• Mexico – The import trade value generated from the imports of Mexico in 2023 – 450 billion US dollars

• Japan – The import trade value generated from the imports of Japan in 2023 – 200 billion US dollars

• Germany – The import trade value generated from the imports of Germany in 2023 – 150 billion US dollars

• South Korea– The import trade value generated from the imports of South Korea in 2023 – 100 billion US dollars

• United Kingdom – The import trade value generated from the imports of the United Kingdom in 2023 – 80 billion US dollars

• France – The import trade value generated from the imports of France in 2023 – 70 billion US dollars

• Saudi Arabia – The import trade value generated from the imports of Saudi Arabia in 2023 – 60 billion US dollars

• Brazil – The import trade value generated from the imports of Brazil in 2023 – 50 billion US dollars

Top Exports of North America

The ultimate factor that contributes to the rapidly expanding global trade reach of the giant is the exports produced by the manufacturers contributing to a major share in the annual revenue. As per the North America Import Export Data, the top 10 exports of the nation in 2023 with its trade values are discussed below,

• Machinery and Equipment – The annual export value generated from Machinery and Equipment exports in 2023 – 428 billion US dollars

• Mineral Fuels– The annual export value generated from Mineral Fuels exports in 2023 – 395 billion US dollars

• Vehicles – The annual export value generated from Vehicles exports in 2023 – 266 billion US dollars

• Pharmaceuticals – The annual export value generated from Pharmaceuticals exports in 2023 – 196 billion US dollars

• Electrical Machinery – The annual export value generated from Electrical Machinery exports in 2023 – 191 billion US dollars

• Plastics – The annual export value generated from Plastics exports in 2023 – 185 billion US dollars

• Diamonds – The annual export value generated from Diamonds exports in 2023 – 120 billion US dollars

• Organic Chemicals – The annual export value generated from Organic Chemicals exports in 2023 -114 billion US dollars

• Medical Equipment – The annual export value generated from Medical Equipment exports in 2023 – 102 billion US dollars

• Precious Metals – The annual export value generated from Precious Metals exports in 2023 – 96 billion US dollars

Top 10 Export Destinations of North America 2023

As per the North American Export Data, the expanded trade reach of the region has enlisted the following countries as the top 10 export trade destinations. The trade values of the top exporters in 2023 are discussed below,

• Canada -  The export trade value generated from the export of Canada in 2023 – 650 billion US dollars

• Mexico -  The export trade value generated from the export of Mexico in 2023 – 550 billion US dollars

• China -  The export trade value generated from the export of China in 2023 – 420 billion US dollars

• Japan -  The export trade value generated from the export of in 2023 – 380 billion US dollars

• United Kingdom -  The export trade value generated from the export of Japan in 2023 – 320 billion US dollars

• Germany -  The export trade value generated from the export of Germany in 2023 – 270 billion US dollars

• Brazil -  The export trade value generated from the export of Brazil in 2023 – 200 billion US dollars

• South Korea -  The export trade value generated from the export of South Korea in 2023 – 180 billion US dollars

• Netherlands -  The export trade value generated from the export of Netherlands in 2023 – 120 billion US dollars

• Singapore -  The export trade value generated from the export of Singapore in 2023 - 90 billion US dollars

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