Annual NAFTA trade up 24.1%, month-to-month up 4.9%

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Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 24.1 percent higher in February 2010 than in February 2009, reaching $59.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. The 24.1 percent increase is the largest year-over-year rise on record, but freight value still remained 14.3 percent less than the value in February 2008.

BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico rose 4.9 percent in February 2010 from January 2010; month-to-month changes can be affected by seasonal variations and other factors. The value of U.S. surface transportation trade with Canada and Mexico in February was up 11.0 percent compared to February 2005, and up 29.6 percent compared to February 2000. Imports in February were up 28.3 percent compared to February 2000, while exports were up 31.2 percent.

U.S.-Canada surface transportation trade totaled $36.3 billion in February, up 21.7 percent compared to February 2009. The value of imports carried by truck was 6.4 percent higher, while the value of exports carried by truck was 23.5 percent higher. Michigan led all states in surface trade with Canada in February with $5.2 billion.

U.S.-Mexico surface transportation trade totaled $23.2 billion in February, up 28.0 percent compared to February 2009. The value of imports carried by truck was 27.6 percent higher, while the value of exports carried by truck was 18.3 percent higher. Texas led all states in surface trade with Mexico in February with $8.1 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. Surface transportation consists largely of freight movements by truck, rail and pipeline; about 85 percent of U.S. trade by value with Canada and Mexico moves by land modes.