Trading partners of the North

Trading partners of the North

These are the top international trading partners for the North American region.

Export and import businesses maintain a wealthy and firm economy for any region, so, forging solid international alliances is vital.

The U.S. economy is one of the world´s top economies, and this is because of the detailed work they do among their export and import partners.

As for Canada, in charge of demonstrating a 2.5% of the overall global export market, reaffirming strength with 15 key partners has been the way to continue pushing forward in the industry.

Map of U.S. trading partners

A US Census Bureau report has shown a detailed mapping of the biggest import and export partners for each U.S. state.

Mexico, China, Canada, United Kingdom and other countries like Brazil, Switzerland and France, divide the “cake” of the largest export trading partners in the U.S.

Business Insider/Andy Kiersz, data from US Census Bureau

As for the import market, 15 states imported more goods from Canada than any other country.

22 of the U.S. states had China as their most important ally.

Business Insider/Andy Kiersz, data from US Census Bureau

The Canada partners

During 2016, a World Stop Exports report stated that Canada shipped $388.9USD billion worth of products around the world in 2016.

Over three-quarters (77.7%) of Canadian exports by value were delivered to the U.S. and Mexico, their North America Free Trade Agreement partners.

Asia importers purchased 11.2% of exported Canada goods, while Europe bought 8.5%. The Latin American and Caribbean region consumed 1.4% of total exports.

Oceania, including Australia, came in ate 0.5% by dollar value during 2016. Four trade partners increased their purchases from Canada from 2012 to 2016: India (up 27.3%), Mexico (up 6.9%), Belgium (up 4.9%) and Italy (up 3.3%).

Over nine-tenths (93.1%) of Canadian exports in 2016 were delivered to the above 15 trade partners. These are the top 15:

Countries that imported the most Canadian shipments by dollar value during 2016.


About the Author:

CEO Staff
error: Content is protected !!