In 2013, what proportion of American exports went to other nations in North America?

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Prepare for your UCF GEB3375 Intro to International Business Exam 1. Utilize flashcards and multiple choice questions with explanations to ace your test. Get fully equipped!

In 2013, approximately half of American exports were sent to other nations in North America, which primarily includes Canada and Mexico. This strong export relationship is significantly influenced by several factors, such as geographic proximity, established trade agreements like the North American Free Trade Agreement (NAFTA), and integrated supply chains between the countries involved.

Canada is the largest trading partner of the United States, with Mexico also being a major recipient of U.S. exports. These ties enhance the volume of goods and services traded, resulting in the large proportion of American exports directed toward North America. The economic interdependence fostered through trade agreements supports this trend, making it logical for nearly half of U.S. exports to flow into neighboring countries.