NAFTA surface trade rose 18.8% in July

user-gravatar Headshot

Nafta1Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 18.8 percent higher in July than in July 2009, reaching $61.3 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico in July remained 14.5 percent below the July 2008 level despite the 2009-2010 increase. North American surface freight value fell 12.3 percent in July from June; 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 July was up 23.3 percent compared to July 2005, and up 45.6 percent compared to July 2000. Imports in July were up 34.5 percent compared to July 2000, while exports were up 60.7 percent.

U.S.-Canada surface transportation trade totaled $36.3 billion in July, up 17.1 percent compared to July 2009. The value of imports carried by truck was 12.6 percent higher in July 2010 compared to July 2009, while the value of exports carried by truck was 20.8 percent higher. Michigan led all states in surface trade with Canada in July with $3.5 billion.

U.S.-Mexico surface transportation trade totaled $24.9 billion in July, up 21.5 percent compared to July 2009. The value of imports carried by truck was 22.4 percent higher in July 2010 compared to July 2009, while the value of exports carried by truck was 22.8 percent higher. Texas led all states in surface trade with Mexico in July with $9.2 billion.

The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. Surface transportation consists largely of freight movements by truck, rail and pipeline. In July, 84.6 percent of U.S. trade by value with Canada and Mexico moved on land.