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https://vic3.paradoxwikis.com/Goods#Maps
1. Until midgame, primarily look for states with iron and coal. You can never have enough of this stuff, and the international market is usually short on them as well (on steel, too). A good pick would be South and South-Eastern Africa.
2. Then, check which resources you're lacking in, which are scarce, or which you can't reliably buy in sufficient quantities. Like sulfur, for example, which means grabbing some land in South-Eastern Asia.
3. Your secondary target should be luxury goods, which your population will soon demand, but which aren't readily available, or which can be counted as strategic goods. Opium, for example, may be cheap and plentiful early on, but later, you'll be needing huge quantities of it for your field hospitals.
4. Afterwards, you should start securing oil and rubber. This will be a serious bottleneck later on, so get your fair share of it in Equatorial Africa or South-Eastern Asia (yet again, see the pattern there). New Guinea is an especially good pick, since it has both, with some extra iron and sulfur on top.
Let's see:
1. Britain and France are frankly way too OP.
2. A more interesting choice may be Spain or Belgium/Nederlands, you already have some colonies, but you're nowhere near being OP.
3. If you want to colonize from scratch, then pick Japan, any South American country (especially if you have the "Colossus of the South" DLC), and maybe the US to get some of those proverbial "banana republics".
4. If you're already an experienced player, then you could pick something more challenging. Australia, any of the Arabian splinter states, or Transvaal.