Top North American Export Countries

New York harbor

New York harbor

Exports from North America were worth US$2.216 trillion in 2016, down by -6.5% since 2012 when shipments totaled $2.37 trillion. Year over year, the value of North American exports declined by -3.3% from 2015 to 2016.

North American exports represent an estimated 14% of overall world exports.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product for all North American nations grew from $21.8 trillion in 2015 to $22.6 trillion for 2016.

Therefore, exports drive about 9.8% of North America’s total economic output.

Given North America’s population of some 482.5 million people, the total $2.216 trillion in 2016 North American exports translates to roughly $4,593 for every person on the continent.

Top North American Export Countries

The listing below shows how North American export countries stacked up in international trade during 2016. Also shown is each country’s percentage share of continent-originating exports.

  1. United States: $1.453 trillion (65.6% of total North American exports)
  2. Canada: $389 billion (17.6%)
  3. Mexico: $373.9 billion (16.9%)

Only Mexico increased its exports from 2012 to 2016 via a tiny 0.9% uptick.

Exports from the United States retreated by -5.9% over the same 5-year period, outpaced by a more severe -14.3% decline for Canada.

America’s president Donald Trump is striving to rewrite the North American Free Trade Agreement (NAFTA), which eliminates tariffs on most goods delivered among NAFTA trade partners. If Trump’s efforts are successful, it will be interesting to compare changes in the value of exports from each North American trade partner.

See also Highest Value US Export Products, Canada’s Top 10 Exports and Mexico’s Top Trading Partners

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on July 28, 2017

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on July 28, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on July 28, 2017