Top North American Export Countries

New York harbor

New York harbor

Exports from North America were worth US$2.376 trillion for 2017, down by -1.6% since 2013 when comparable shipments totaled $2.414 trillion. Year over year, the value of North American exports appreciated by 7.3% from 2016 to 2017.

In comparison, global exports from all countries worldwide equaled $17.585 trillion in 2017, falling -6.9% in value since 2013 but appreciating by 10.7% after 2016. To give further perspective, North American exports represent an estimated 13.5% of overall world exports–down from 14% one year earlier in 2016.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product from all North American nations grew to an estimated $23.618 as of June 2018. Therefore, exports drive about 10.1% of North America’s total economic output.

Given North America’s population of some 486.8 million people, the total $2.377 trillion in 2017 North American exports translates to roughly $4,900 for every person residing in the continent.

Top North American Export Countries

The listing below shows how North American export countries stacked up in international trade during 2017. Also shown is each country’s percentage share of continent-originating exports.

  1. United States: $1.546 trillion (65.1% of total North American exports)
  2. Canada: $420.6 billion (17.7%)
  3. Mexico: $409.5 billion (17.2%)

Only Mexico grew its revenues from exported goods from 2013 to 2017 via its 7.8% improvement.

The value of exports from the United States retreated by -2% over the same 5-year period, outpaced by a more severe -7.9% deterioration for Canada.

Year over year, export totals from all three North American export countries gained from 2016 to 2017. The clear leader in international trade gains was Mexico (up 9.5%) trailed by Canada (up 8.1%) then the United States (up 6.6%).

Now that America’s president Donald Trump has gained approval for the North American Free Trade Agreement (NAFTA) re-engineered as the United States-Mexico-Canada Agreement (USMCA), it will be interesting to compare subsequent changes in the value of exports from each North American trade partner post-USMCA.

See also Major Exports by Continent, United States Top 10 Exports, 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 June 18, 2018

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on June 18, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on November 23, 2018