North America Industry Sectors

By: EconomyWatch Content   Date: 29 March 2010

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 North American industry sectors are diverse, ranging from agricultural to manufacturing to high tech sectors that differ from one country to the other. Farming is more important in Mexico than in the United States or Canada. The leading commodities are maize, wheat, and beans, which are raised mostly for domestic consumption, and cotton, cattle, coffee, and sugar, which are produced largely for export.

North America Industries: Agriculture, USA

 

Agriculture in the United States and Canada is dominated by highly mechanized farms, which produce huge quantities of crops, livestock, and livestock products. The Great Plains of the central United States and the Canadian Prairie provinces (Alberta, Manitoba, and Saskatchewan) are major world producers of grain, oilseeds, and livestock (dairy and beef cattle and sheep). The Corn Belt, which comprises parts of the US Middle West from western Ohio to eastern Nebraska, is the world's largest producer of maize, as well as a major supplier of other grains, soy beans, cattle, and pigs. Farming in California produces a huge amount of crops like fruits and vegetables. Florida and Texas are also notable producers of fruits and vegetables, and potatoes are grown in vast quantities in Idaho, Washington State, Oregon, Maine, North Dakota, and south-eastern Canada. Other outstanding agricultural products include cotton, broiler chickens, dairy products, and sugar cane.

 

North America Industries: Automobile, USA

The US automobile industry is projected to sell almost 10.5 million vehicles in 2010, a far cry from 17.4 million in 2000. Major carmakers like Toyota and Ford returned to profitability in 3Q 2009. Both GM and Ford expect healthy profit margins by 2011. In 2010 and beyond, the US and China markets expect to trigger more car sales compared to EU and rest of Europe.

North America Industries: Oil, USA

Domestic oil production in 2009 averaged 5.32 million b/d, up 7.4% from 4.95 million b/d in 2008. Oil production is projected to increase 3.9% in 2010 and 0.3% in 2011. The deepwater production in the Mexican gulf was up 30%, an increase of 107 million barrels, compared to the first 3 quarters of 2008. In North Dakota, production was under 30 %, at 15 million barrels, over the first 10 months of 2009. Other major oil-producing states with increased production through October 2009 included Louisiana, up 0.85 %; Oklahoma, up 3.25 %; Mississippi, up 4.27 %; and Utah, up 5.9 %.


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