The continent leads to the Arctic Ocean in the north, the Atlantic Ocean to the east, the Caribbean Sea to the southeast, and the Pacific Ocean to the south. One of the large continents of the world is spread over an area of 9.5 million square miles and caters its land surface to 23 nations of the world. The continent consists of countries like the United States, Canada, Mexico, and many others with a total population of 579 million.

The North American content is also referred to as the land of prairies mainly because of the diverse range of eye-captivating natural beauties. As per the information from the North American Export Data, the fertile soil of the land promotes economic growth by evolving the agricultural production of the industries. The total export trade value of the year 2023 is recorded as 1.7 trillion US dollars. The economic growth rate of the country has gained an upward trend from several past years and has recorded a GDP of 25 trillion US dollars in 2023.

North America Top 10 Export Products in 2023

As per the North American Customs Data, the top ten products that contribute to the economic growth of the overall continent with peer-to-peer interaction with its trade partners from the North American countries are mentioned below,

• Machinery and mechanical appliances (HS code – 84) – Export trade value 2023 – 500 billion US dollars.

• Mineral fuels (HS code – 27) – Export trade value 2023 – 300 billion US dollars.

• Pharmaceuticals (HS code – 29) – Export trade value 2023 – 200 billion US dollars.

• Vehicles (HS code – 87) – Export trade value 2023 – 150 billion US dollars.

• Electrical machinery (HS code – 87) – Export trade value 2023 – 100 billion US dollars.

• Plastics (HS code – 95) – Export trade value 2023 – 100 billion US dollars.

• Aircraft and spacecraft (HS code – 88) – Export trade value 2023 – 90 billion US dollars.

• Medical equipment (HS code – 90) – Export trade value 2023 – 80 billion US dollars.

• Oilseeds and grains (HS code – 12) – Export trade value 2023 – 70 billion US dollars.

• Beverages (HS code – 22) – Export trade value 2023 – 60 billion US dollars.

North America Top 10 Export Trading Partners in 2023

The trade partners of the continent play a great role of significance in the overall economic growth by contributing a major share to the annual generated revenues. As per the information from the North America Trade Data, the top ten trade partners of export trade of the continent are mentioned below,

• Canada – The country home to famous landmarks and historical wonders is a significant trade partner of North America. The geographical proximity, similar valued products, and similar interests of people lead to the great export trade between these 2 countries. The total export trade of Canada in 2023 is recorded as 500 billion US dollars.

• Mexico – The tenth most populous country of the world Mexico, home to some largest coral reefs captures the second position of the top ten export trade partners list of North America. The total export trade value of the products exported from North American countries to the United Mexican States is recorded as 450 billion US dollars.

• China - China also known as the Republic of China, is continuously evolving its global trade rate with its vast natural resources and steadily evolving tech industries and has become a significant trade partner of North America according to the North America Import Export Data. The trade rate between these countries has attained a hike from the previous few years with annual export trade revenue of 380 billion US dollars in the year 2023.

• Japan – The East Asian Island bordered by the northwest Pacific Ocean has recorded its name in the 4th position of the top export destinations of North America with a trade value of 200 billion US dollars in the year 2023.

• South Korea – The North American countries the United States and Canada are mostly popular for their tech-specified industries, for the production of tech-specified mechanical appliances. This factor drives the import rate of products from South Korea and has accounted for an export trade value of 150 billion US dollars in the year 2023.

• Germany – The largest economy of the European nation, Germany is globally popular for its engineering and manufacturing capabilities. It has been a significant trade partner of North American countries for several years and has accounted for an export trade value of 100 billion US dollars.

• Netherlands – The North America Customs Shipment Data records the Netherlands as the seventh top export trading partner of the North American countries. The country and its agricultural and tech exports have generated annual export trade revenue of 70 billion US dollars.

• United Kingdom – The United Kingdom in Northwestern Europe is home to a diverse range of natural beauties. The continuously evolving industrial sectors of the nation demand imports from North America for its domestic needs and have accounted for overall revenue of 60 billion US dollars in the year 2023.

• Brazil – The federative republic of Brazil and the largest economy in Latin America is increasing its trade rate with the North American countries through its developing industrial sectors and production. The total export trade value of the year 2023 for the exported products from North America to Brazil is recorded as 50 billion US dollars.

• Australia – Australia in the mainland of the Australian continent captures the tenth top position of the export trading partners of North American countries. The total export trade value of the products exported from North America to Australia is accounted as 40 billion US dollars.

FAQ’s

Que. What is the GDP of North America in 2023?
Ans. The GDP of North America in 2023 is 25 trillion US dollars.

Que. Which North American Countries Import Export Trade data are available?
Ans. The Import Export Trade Data of North American countries like Mexico, USA, Costa Rica, Panama, Nicaragua, and Guatemala are available.

Que. Where you can get information on North American import and export trades?
Ans. At Import Globals, you can get information on North American Import and Export trades.

Que. What is the population of North America?
Ans. The population of North America is 579 million.

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