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North America Trade Summary

2023

North America exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR NORTH AMERICA 2023

Overall Exports and Imports for North America 2023

Exports and imports of North America in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,585,909 million.
  • The total value of imports (CIF) was 3,728,179 million.
  • At the HS6 digit level, 4,518 products were exported to 232 countries and 4,532 products were imported from 232 countries.

North America top 5 Export and Import partners 2023

Top five countries to which North America exported in 2023 are below, along with the percent of total exports that went to that country:

  1. North America exports to United States worth US$ 438,670 million, with a partner share of 16.96 percent.
  2. North America exports to Canada worth US$ 352,761 million, with a partner share of 13.64 percent.
  3. North America exports to Mexico worth US$ 329,799 million, with a partner share of 12.75 percent.
  4. North America exports to China worth US$ 170,418 million, with a partner share of 6.59 percent.
  5. North America exports to Japan worth US$ 87,891 million, with a partner share of 3.40 percent.

Top five countries from which North America imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. North America imports from Mexico worth US$ 514,281 million, with a partner share of 13.79 percent.
  2. North America imports from China worth US$ 514,131 million, with a partner share of 13.79 percent.
  3. North America imports from Canada worth US$ 434,036 million, with a partner share of 11.64 percent.
  4. North America imports from United States worth US$ 277,721 million, with a partner share of 7.45 percent.
  5. North America imports from Germany worth US$ 181,412 million, with a partner share of 4.87 percent.

North America Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by North America along with trade value are:

  1. North America exported Petroleum oils and oils obtained from bituminou , worth 216,625,461.67 (US$ Thousands).
  2. North America exported Petroleum oils, etc, (excl. crude); preparation , worth 127,347,659.37 (US$ Thousands).
  3. North America exported Gold in unwrought forms non-monetary , worth 46,103,936.09 (US$ Thousands).
  4. North America exported Monolithic integrated circuits, digital , worth 43,470,447.96 (US$ Thousands).
  5. North America exported Automobiles with reciprocating piston engine di , worth 40,705,872.69 (US$ Thousands).

The top five imported HS 6 digit level products from world by North America along with trade value are

  1. North America imported Petroleum oils and oils obtained from bituminou , worth 186,984,852.25 (US$ Thousands).
  2. North America imported Transmission apparatus, for radioteleph incorpo , worth 127,795,122.13 (US$ Thousands).
  3. North America imported Automobiles with reciprocating piston engine di , worth 112,277,467.44 (US$ Thousands).
  4. North America imported Petroleum oils, etc, (excl. crude); preparation , worth 86,516,801.22 (US$ Thousands).
  5. North America imported Other medicaments of mixed or unmixed products, , worth 76,906,770.69 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by North America in 2023 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 3.25 percent.
  • The trade weighted average tariff was 1.52 .
  • The total duty free imports in thousands of US dollars were 2,183,356,025.40 and duty free tariff line items share was 63.09 percent.

Development Indicators 2023

Key Development Indicators of North America in 2023 are below

  • North America GDP in current US dollar was 29,902,628 million.
  • GNI per capita, Atlas method (current US$) was 77,950.02 .
  • North America Trade balance: as % of GDP was -2.65.
  • Trade balance in current US$ was -793,571.00 million.
  • Trade as percentage of GDP was 28.48 .
  • Trade in services as percentage of GDP was 7.08 .

Trade Indicators 2023

Trade Indicators for North America in 2023 are below

  • Hirschman Herfindahl market concentration index was not available.
  • Index of export market penetration was not available.
  • World Growth in percentage was not available and North America Country Growth was not available .