Main exports and imports of USA, India, Canada & Australia – Impressive
Main exports and imports of USA, India, Canada & Australia.
In this article we will look at what are the main exports and imports of four of the world’s biggest economies by GDP (gross domestic product).The economies we are going to look at are United States of America (ranked 1st), India (ranked 5th), Canada (ranked 10th) and Australia (ranked 13th). A full list of the world’s largest economies can be found on investopedia.com.
https://www.investopedia.com/insights/worlds-top-economies/
So let’s go from the largest to smallest of the four and define their major exports and imports.
Main exports and imports of USA, India, Canada and Australia
USA main exports by category:
- Machinery including computers
- Mineral fuels including oil
- Electrical machinery, equipment
- Aircraft, spacecraft
- Vehicles
- Optical, technical, medical apparatus
- Plastics, plastic articles
- Gems, precious metals
- Pharmaceuticals
- Organic chemicals
USA main imports by category:
- Machinery including computers
- Electrical machinery, equipment
- Vehicles
- Mineral fuels including oil
- Pharmaceuticals
- Optical, technical, medical apparatus
- Furniture, bedding, lighting, signs, prefab buildings
- Plastics, plastic articles
- Gems, precious metals
- Organic chemicals
The United States has free trade agreements with the following countries: Australia, Bahrain, Canada, Chile, Columbia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, South Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru and Singapore.
Main exports and imports of USA, India, Canada & Australia
India main exports by category:
- Mineral fuels
- Gems, precious metals
- Machinery including computers
- Chemicals
- Vehicles
- Pharmaceuticals
- Electronic equipment
- Iron and steel
- Clothing
India main imports by category:
- Mineral fuels/oil
- Gems and precious metals
- Electrical machinery
- Machinery including computers
- Chemicals
- Plastics
- Iron and steel
- Animal fats and oils
- Optical and medical equipment
- Fertilizers
India has agreed, signed and implemented several major free trade agreements (FTA) so far: South Asia Free Trade Agreement (SAFTA), India-ASEAN Comprehensive Economic Cooperation Agreement (CECA), India-Korea Comprehensive Economic Partnership Agreement (CEPA) and India-Japan CEPA. A similar agreement with the United Kingdom is currently under negotiation along with others.
Main exports and imports of USA, India, Canada & Australia
Canada main exports by category:
- Mineral fuels including oil
- Vehicles: $61.4 billion
- Machinery including computers
- Gems, precious metals
- Electrical machinery, equipment
- Plastics, plastic articles
- Wood
- Aircraft, spacecraft
- Ores, slag, ash
- Pharmaceuticals
Canada main imports by category:
- Vehicles
- Machinery including computers
- Electrical machinery, equipment
- Mineral fuels including oil
- Plastics, plastic articles
- Pharmaceuticals
- Optical, technical, medical apparatus
- Gems, precious metals
- Articles of iron or steel
- Furniture, bedding, lighting , signs, prefab buildings
Canada has many free trade agreements already in place, these include CUSMA with the United States and Mexico, CETA with all the European Union nations and CPTPP with Australia, Japan, Mexico, New Zealand, and Singapore.
There are also deals in place with individual countries such as Ukraine, Chile, Columbia, Costa Rica, Honduras, Panama, Peru, Israel, Jordan and South Korea.
Main exports and imports of USA
Main exports and imports of USA, India, Canada & Australia
Australia main exports by category:
- Mineral fuels including oil
- Ores, slag, ash
- Gems, precious metals
- Meat
- Inorganic chemicals
- Machinery including computers
- Pharmaceuticals
- Electrical machinery, equipment
- Cereals
- Optical, technical, medical apparatus
Australia main imports by category:
- Machinery including computers
- Mineral fuels including oil
- Vehicles
- Electrical machinery, equipment
- Pharmaceuticals
- Optical, technical, medical apparatus
- Gems, precious metals
- Plastics, plastic articles
- Furniture, bedding, lighting, signs, prefab buildings
- Articles of iron or steel
Australia is a member of the CPTPP free trade agreement, as well as ASEAN and PACER. Also there are FTA’s with USA, New Zealand, Singapore, Thailand, Chile, Malaysia, Korea, Japan, China and Peru.
At blackcat360.com we try to develop articles which are of practical value to businesses wishing to build export sales. Similar information for United Kingdom, China, Germany and Japan can be found on our website at https://blackcat360.com/united-kingdom/
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Main exports and imports of USA, India, Canada & Australia
