That dollar amount reflects a 24.7% increase from 5 years earlier in 2019 when North American shipments were worth $2.55 trillion.
Year over year, the value of North America’s exported products slipped by -1.8% compared to $3.239 trillion for 2022.
Exports from North America represent about 13.4% of all products exported worldwide (based on global export total for all countries). That percentage surpasses the 13.2% for the prior year.
Based on metrics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product from all North American nations grew to an estimated $33.389 trillion as of October 2024. That dollar amount is up 17.7% from $28.379 trillion for 2022.
Compared to 2023 GDP, exports drive almost 9.5% of North America’s total economic output down from 10.5% in 2022.
Given North America’s population of 506.2 million people, the total $3.181 trillion in 2023 North American exports translates to roughly $6,300 in international products sales for every person residing in North America. That dollar metric lags the average $6,450 per person in 2022.
North American Export Countries Ranked
The listing below shows how the top North American export countries stacked up in international trade during 2023. Also shown is each country’s percentage share of the continent’s overall exports.
- United States: US$2.019 trillion (63.5% of total North American exports)
- Mexico: $593 billion (18.6%)
- Canada: $568.4 billion (17.9%)
Mexico enjoyed the strongest growth in export revenues via a 28.7% rise from 2019 to 2023.
The value of exports from Canada increased by 27.4% over the same 5-year period, also exceeding the 22.9% increase for number one exporter the United States of America.
Partly due to expanding international energy sales, Mexico also grew its exports at the fastest pace year over year via its tepid 2.6% advance compared to 2022.
Year over year, export totals for the United States (down -2.1% from 2022) and Canada (down -5%) both declined.
In terms of population in 2023, the United States had 335.1 million residents while there were about 131.1 million Mexicans and about 40 million Canadians.
Top 5 Exports in 2023 for North American Countries
In order of sales revenues, the top 5 exported products from the United States were crude petroleum oils, refined petroleum oils, petroleum gas, cars and blood.
Mexico’s 5 most valuable exports were cars, automotive parts or accessories, trucks, computers and crude petroleum oils.
Canada’s top 5 exported goods were crude petroleum oils, cars, gold, refined petroleum oils and petroleum gas.
See also United States Top 10 Exports, Canada’s Top 10 Exports and Mexico’s Top 10 Exports
Research Sources:
Central Intelligence Agency, The World Factbook: Field Listing: Exports and World Population. Accessed on December 22, 2024
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on December 22, 2024
International Trade Centre, Trade Map. Accessed on December 22, 2024
