Main exports and imports of USA, India, Canada & Australia - Impressive

News · 18 March 2021 · By Carl

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, 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/ Australia What you need to know to export and import – latest

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