North America's Export Trade Overview: The Latest Trade Analysis

North America, in the Northern Hemisphere, bordered by the Atlantic Ocean and Pacific Ocean in the east and west directions, is at present an influential export economy due to the strong currency stability and the innovation in pharmaceuticals. The climate diversity supporting agriculture and the strong trade relations with Asia and Europe have solidified the continent’s position in the overall global trade market. The skilled and educated workforce engaged in the industrial sectors, along with the reliable access to capital and credit, and open market economic policies, has benefited the overall trade revenue. North America, due to its leadership in high-tech industries, energy self-sufficiency, and abundant natural resources, has positioned itself as a reliable role player.

As per the reports revealed by North America Import Data, the country has recorded a total valuation of exports worth 2.06 trillion US dollars in 2024. The climate diversity supporting agriculture, along with the strong legal and regulatory framework, accompanied by the advanced communication systems and the strong trade relations with Asia and the European continent, has maintained North America’s integrity as one of the topmost investing regions. The advanced logistics and warehousing, along with the high-quality production standards, have benefited the hike in revenue generation. Subscribe to Import Globals, the leading North America import export trade provider, to stay updated with the latest information regarding the exported goods of the continent via the North America trade data.

ROLE OF NORTH AMERICA EXPORT TRADE IN THE GLOBAL ECONOMY

North America at present plays a significant and influential role in the global trade market because of its stronger economic base, advanced technology, and well-developed infrastructure. The continent, home to some of the largest economies, including the United States, Canada, and Mexico, is forming a powerful trading region that has had a huge impact on the global economy. The continent is a major exporter of manufactured goods, automobiles, aircraft, machinery, petroleum products, and services like finance, information, and education.

The region mostly benefits its trade activity from the high industrial productivity, efficient transportation networks, and advanced logistics systems. The trade agreements, such as the United States-Mexico-Canada Agreement, are strengthening regional cooperation by improving access to international markets. North America has been playing a key role in the global consumer market because of the large quantities of goods from Asia, Europe, and other regions, helping the authorities to drive the global production and trade flows.

THE TOP-MOST PRODUCTS TRADED FROM NORTH AMERICA

North America, due to its increased use of automation and robotics, along with strong intellectual property protection and high-quality production standards, has actively reported a diversity in its global trade output. According to the North America Import Export Data, the topmost variants of goods exported from the continent in 2024 are,

  • Automobiles — The annual valuation of Automobiles exported from North America in 2024–921 billion US dollars
  • Aircraft — The annual valuation of Aircraft exported from North America in 2024–876 billion US dollars
  • Machinery– The annual valuation of Machinery exported from North America in 2024–654 billion US dollars
  • Petroleum — The annual valuation of Petroleum exported from North America in 2024–543 billion US dollars
  • Natural gas — The annual valuation of Natural gas exported from North America in 2024–478 billion US dollars
  • Electronics — The annual valuation of Electronics exported from North America in 2024–398 billion US dollars
  • Agricultural products– The annual valuation of Agricultural products exported from North America in 2024–276 billion US dollars
  • Pharmaceuticals — The annual valuation of Pharmaceuticals exported from North America in 2024–225 billion US dollars
  • Chemicals — The annual valuation of Chemicals exported from North America in 2024–187 billion US dollars
  • Computers — The annual valuation of Computers exported from North America in 2024–165 billion US dollars

TOP TRADE PARTNERS OF NORTH AMERICA IN 2024

The favourable business environment, and the investment made by the government authorities in green technologies have influenced the bilateral relationship of the country with the topmost investing regions. As per the North America Customs Data, the topmost trade partners benefiting the export economy of the continent in 2024 are,

  • Mexico — The annual valuation of goods exported from North America to Mexico in 2024–976 billion US dollars

Top 5 variants of goods exported

· Barley

· Rice

· Pork

· Beef

· Poultry

  • Canada — The annual valuation of goods exported from North America to Canada in 2024–765 billion US dollars

Top 5 variants of goods exported

· Antibiotics

· Vitamins

· Soybeans

· Corn

· Wheat

  • China — The annual valuation of goods exported from North America to China in 2024–654 billion US dollars

Top 5 variants of goods exported

· Pacemakers

· Artificial joints

· Pharmaceuticals

· Vaccines

· Insulin

  • Germany — The annual valuation of goods exported from North America to Germany in 2024–565 billion US dollars

Top 5 variants of goods exported

· Computer chips

· Printed circuit boards

· Mobile phones

· Medical imaging equipment

· Surgical instruments

  • Japan — The annual valuation of goods exported from North America to Japan in 2024–476 billion US dollars

Top 5 variants of goods exported

· Laptops

· Desktop computers

· Tablets

· Servers

· Data storage drives

  • South Korea — The annual valuation of goods exported from North America to South Korea in 2024–389 billion US dollars

Top 5 variants of goods exported

· Air conditioners

· Heat pumps

· Washing machines

· Dryers

· Televisions

  • Netherlands — The annual valuation of goods exported from North America to the Netherlands in 2024–289 billion US dollars

Top 5 variants of goods exported

· Tractors

· Combine harvesters

· Forklifts

· Refrigerators

· Freezers

  • United Kingdom — The annual valuation of goods exported from North America to United Kingdom in 2024–265 billion US dollars

Top 5 variants of goods exported

· Engines (diesel)

· Turbines

· Industrial machinery

· Construction equipment

· Agricultural machinery

  • Brazil — The annual valuation of goods exported from North America to Brazil in 2024–225 billion US dollars

Top 5 variants of goods exported

· Aircraft

· Aircraft engines

· Helicopters

· Aerospace components

· Space satellites

  • Singapore — The annual valuation of goods exported from North America to Singapore in 2024–165 billion US dollars

Top 5 variants of goods exported

· Automobiles

· Auto parts

· SUVs

· Trucks

· Passenger cars

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