NORTH AMERICA CURRENT MARKET GROWTH

The commercial environment in North America saw significant changes in 2024. According to North America Trade Data, the United States had a $5.22 trillion total merchandise trade volume, with imports exceeding $3.27 trillion and exports coming to over $2.06 trillion. As a result, the trade deficit reached $1.2 trillion, surpassing $1 trillion for the third time in four years.

Canada's trade deficit was decreasing; March 2025 data indicated a deficit of C$506 million, which was far less than the projected C$1.56 billion. This improvement was mostly brought about by a greater drop in imports, which dropped 1.5% to C$70.40 billion, as opposed to a lesser dip in exports, which dropped to C$69.9 billion, according to North America Import Export Data From Import Globals.

According to Import Globals' North America Customs Data, the World Trade Organization forecasted a moderate 1.0% increase in imports and a 3.6% growth in North America's merchandise exports in 2024. These numbers show how the continent's trade performance was affected during the year by larger economic activity and trade regulations proven in North America Trade data analysis.

NORTH AMERICA Geography and its supply chain/trade relations with nearby countries.

The location of North America significantly influences the dynamics of its supply chain and trade, particularly with neighboring nations. The United States, Canada, and Mexico are the continent's main economic partners. They are all connected by extensive land borders and strong transportation networks. The continent is bounded by the Pacific and Atlantic Oceans. The United States and Canada have one of the longest and busiest land borders in the world, which facilitates a highly connected supply chain, especially in industries like energy, automotive, and agriculture, according to North America Import Data provided by Import Globals.

In the meantime, a lot of manufacturing and assembly activity occurs along the U.S.-Mexico border, and many American businesses depend on Mexico's maquiladora system for affordable output. Under the USMCA (United States–Mexico–Canada Agreement), which superseded NAFTA and updated trade regulations to better suit the modern, digital, and service-oriented economy, the three countries are connected. Furthermore, according to North America Export Data From Import Globals, North America's trade routes are facilitated by its closeness to Latin American markets and significant ports on both coasts, making it a major worldwide hub for logistics and distribution. North America is a key participant in global supply chains due to its geographic advantage, free trade agreements, and cross-border infrastructure.