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North American Free Trade Agreement

Exports (2023)$3.03T
Imports (2023)$4.06T
Main Exporter (2023)United States $1.86T
Main Importer (2023)United States$3T
Internal Trade (2023)46.8%of total trade

About

Overview NAFTA (North American Free Trade Agreement) is a Trade Bloc composed by United States, Mexico, and Canada. In 2023, NAFTA exported $3.03T (13.4% of global exports) and imported $4.06T (18% of global imports). Its largest exporter, United States exported $1.86T, which corresponds to 61.2% of the total exports. On the other hand, the largest importer, United States, imported $3T, which is 73.9% of the total imports of North American Free Trade Agreement.

Trade In 2023, NAFTA's most exported products were Crude Petroleum Oils ($264B), Bituminous Petroleum Distillates (Excl. Crude) ($127B), Medium Sized Cars ($71.9B), Unwrought Non-Monetary Gold ($49.1B), and Medicaments in Dosage (n.e.s.) ($44.2B). The same year, the most imported products were Crude Petroleum Oils ($186B), Radio/TV Transmit-Receive Apparatus ($141B), Bituminous Petroleum Distillates (Excl. Crude) ($118B), Medium Sized Cars ($115B), and Blood, toxins, cultures, medical use, nes ($79.5B).

Partners In 2023, NAFTA's exports went primarly to United States ($866B), Canada ($302B), Mexico ($252B), China ($200B), and Germany ($112B). The same year, NAFTA's imported primarily from China ($600B), United States ($513B), Mexico ($489B), Canada ($419B), and Germany ($194B).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following section shows the trade patterns over time for countries that comprise the organization.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Organization Composition

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Y-AXIS SCALE
Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of NAFTA

Internal Trade

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Depth
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Internal Trade includes all trade between the countries that comprise this organization.

In 2023, the top internal exports of NAFTA were Crude Petroleum ($128B), Cars ($106B), Motor vehicles; parts and accessories (8701 to 8705) ($81.6B), Refined Petroleum ($61B), and Delivery Trucks ($54B).

The same year, the principal destinations of internal exports were United States ($866B), Canada ($302B), and Mexico ($252B).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

Flow
Depth

External trade includes all world trade excluding the countries that comprise this organization.

In 2023, the top external exports of NAFTA were China ($200B), Germany ($112B), United Kingdom ($102B), Japan ($98.1B), and Netherlands ($70.5B).

The same year, the principal destinations of external exports were Crude Petroleum ($137B), Petroleum Gas ($73.2B), Gas Turbines ($68.7B), Refined Petroleum ($65.7B), and Cars ($61.5B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

Flow
Color
Depth
Top Export (2023)Crude Petroleum$264B
Top Destination (2023)United States$866B

In 2023, NAFTA exported a total of $3.03T. During the last five reported years the exports of NAFTA have changed by $545B from $2.49T in 2018 to $3.03T in 2023.

The most recent exports are led by Crude Petroleum ($264B), Cars ($167B), Refined Petroleum ($127B), Petroleum Gas ($98.9B), and Motor vehicles; parts and accessories (8701 to 8705) ($95.6B). The most common destination for the exports of NAFTA are United States ($866B), Canada ($302B), Mexico ($252B), China ($200B), and Germany ($112B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

Indicator

The following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.

Biggest export by country (2021)

Trade between organizations

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Depth

This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.

In 2023, the countries with higher complexity that belong to North American Free Trade Agreement were United States (1.49), Mexico (1.09), and Canada (0.88).

On the other hand, the countries with higher GDP per capita were United States ($82.8k), Canada ($53.4k), and Mexico ($13.8k).

Finally, the biggest exporters of NAFTA were United States ($1.86T), Mexico ($603B), and Canada ($574B).

GDP per capita v/s ECI for countries that comprise North American Free Trade Agreement (2023)

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