Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 30.9 percent lower in February 2009 than in February 2008, dropping to $47.9 billion, the biggest year-to-year percentage decline on record, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
February was the fourth consecutive month with a yearly decline of greater than 13 percent. During the first two months of 2009, the value of surface trade dropped 29.1 percent compared to the first two months of 2008.
The value of U.S. surface transportation trade with Canada and Mexico rose 1.0 percent in February 2009 from January 2009; month-to-month changes can be affected by seasonal variations and other factors. Surface transportation consists largely of freight movements by truck, rail and pipeline; about 88 percent of U.S. trade by value with Canada and Mexico moves on land.
The value of U.S. surface transportation trade with Canada and Mexico in February was down 0.5 percent compared to February 2004, and up 24.3 percent compared to February 1999. Imports in February were up 19.5 percent compared to February 1999, while exports were up 30.3 percent.
U.S.-Canada surface transportation trade totaled $29.8 billion in February, down 33.8 percent compared to February 2008. The value of imports carried by truck was 32.0 percent lower in February 2009 compared to February 2008, while the value of exports carried by truck was 28.1 percent lower. Michigan led all states in surface trade with Canada in February with $3.1 billion.
U.S.-Mexico surface transportation trade totaled $18.1 billion in February, down 25.7 percent compared to February 2008. The value of imports carried by truck was 26.4 percent lower in February 2009 compared to February 2008, while the value of exports carried by truck was 15.4 percent lower. Texas led all states in surface trade with Mexico in February with $6.1 billion.
The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. New data are tabulated monthly, and historical data are not adjusted for inflation.
