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Global Trade Featuring Maps of The Worlds Top Exports and New Resources for Canadian Businesses.

4 March 2025

Are You a Canadian Business with Tariff Concern’s? We’ve Included Resources to Make Things Easier for You.

Navigate the days and weeks ahead in the turbulent international geopolitical environment with information and resources for tariffs, exporting and more.


Published: March 4, 2025
Authored by: H J Schmitt, SCMP
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What’s New:

On February 1, 2025, the U.S. announced that it was imposing tariffs goods imported into the U.S. from Canada and Mexico that started with raising tariffs on steel and Aluminum by 25% and took effect on March 4, 2025.

Chinese imports also recieved new tariffs and the “des minimus” provision which enabled small packaged items shipped en mass without taxation into the USA was blocked, dramatically altering the ability for containers full of cheaper consumer items to enter the country essentially tax free, these include items found on ecommerce websites like TEMU and SHEIN.

More tariffs promised to be levied relating to other countries are also being discussed by the President of the USA creating an uncertain atmosphere. Preparations for retalitory tariffs by other nations and quick recaculations of the globalized economy are underway while the USA takes further action to restrict imports of goods.

Canada and China have as of todays date, already announced their initial retalitory tariffs with more on the way. Mexico promising the first announcement of American imports into Mexico facing new trade restrictions via retalitory tariffs on the weekend, one week later.

The United States had agreed to delay the imposition of respective tariffs on imported goods however, the coming trade war does not offer any hope to reduce price inflation or ease the power of the US dollar in international markets. Both leading to pressures on US consumers with an immediate impact seen early on in the stock markets, as well.

Economic conditions created for free trade and increased globalization have not been as dramatically impacted since WWII and a sharp contraction in markets plus dramatic slowing of consumer spending could lead to an unprecedented recession in the west.

What Can Business Owners Do?

To survive and even thrive in these conditions, business owners must establish a level of familiarity with the trade agreements and HS Codes that apply to their upstream supply sources – in addition to their immediate customers. Many finished goods utilize globalized manufacturing practices to complete the production of components and source raw materials from other countries which could be undergoing external changes to their availability and cost due to new trade restrictions.

 

Be On The Lookout For…

Direct impacts to customer sales may remain predictable and immediate supply sources may appear largely unaffected, the upstream or downstream implications of new tariffs could have an immediate impact on unprepared business owners, as well.

 

Helpful Resources:

Instantly find a list of free webinars and other resources that will help you to keep current and navigate the changes in trade tariffs over the weeks when you follow us online.

(Scroll to the end of this post for a list of Trade and Tariff related resources, or connect on Linkedin and reach out to recieve specialized support from Supply Chain Logistics Consulting)

Supply Chan Logistics Consutling – Get Quote

 

Now, Take a Visual World Tour of Top Exported Items

Maps from ”HowMuch.com”

Worldwide Top Export by Country

Observable Trends

Globally: Petroleum is the most common.

Europe: Manufactured finished goods.

African Countries: Extraction materials.

Asian Countries: Electronic devices.

 

Top Export by country

North American Countries

Canada’s top export is petroleum.

USA is both the single largest global producer and the largest consumer of oil.

Mexico is a source of manufactured vehicles.

Data from US Energy Administration

 

Image

 

 

South American Countries

Varied top exports, from agriculture to manufactured t-shirts.

Natural resources are a main export from this region.

For example; Venezuela $23.2 Billion USD in oil, Brazil $33.2 Billion USD in grains.

 

Image

 

 

Asian Countries

China >$223 Billion USD year of electrical machinery.

Saudi Arabia’s oil averages around >$164.8 Billion /year.

India $41.5 Billion USD of petroleum annually.

Myanmar $5.6 Billion USD of petroleum annually.

 

Image

 

 

African Countries

St. Helena has the only advanced industrial export

Morocco is the only country supplying finished products (automotives)

Otherwise, African countries top exports are mostly heavy industries raw materials like petroleum, gold, cobalt, and copper.

 

Image

 

 

 

European Countries

Mostly finished manufactured products, for example…

Germany: $155.7 Billion USD yearly in vehicles.

France: 43.8 Billion USD yearly in airplanes.

UK: $43.4 Billion yearly in vehicle exports.

 

Image

 

 

Oceanic Countries

The Island nations specialize primarily in exports from…

The fishing industry.

Manufacturing yachts and cruise ships.

Australia’s largest export is coal at $57.2 Billion USD annually.

 

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Connect with the Author:
Hilary Schmitt, BBA, SCMP
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Managing Through Crisis. Communicating When Disruption Impacts Your Companys' Supply Chain

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