Year-over-year NAFTA trade up 12.7% in November

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Nafta Chart

Trade using surface transportation between the United States and its North American neighbors, Canada and Mexico, was 12.7 percent higher in November 2011 than in November 2010, totaling $76.7 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 November value of U.S. surface transportation trade with Canada and Mexico, the United States’ North American Free Trade Agreement (NAFTA) partners, rose 30.1 percent in two years from November 2009, and 26.4 percent from November 2008.

The value in November increased by 18.3 percent when compared to November 2006, and also increased by 72.6 percent when compared to November 2001. Imports in November were up 64.3 percent since November 2001, while exports were up 83.5 percent. The value decreased 3.0 percent in November 2011 from October 2011; month-to-month changes can be affected by seasonal variations and other factors.

U.S.-Canada and U.S.-Mexico surface transportation trade both increased compared to November 2010 with U.S.-Canada reaching $44.3 billion, a 12.2 percent increase, and U.S.-Mexico reaching $32.4 billion, a 13.3 percent increase. Michigan led all states in surface trade with Canada at $5.7 billion, a 26.7 percent increase from November 2010. Texas led all states in surface trade with Mexico at $11.2 billion, a 9.5 percent increase from November 2010.

Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones and other. In November, 84.8 percent of U.S. trade by value with Canada and Mexico moved via land, 10.8 percent moved by vessel, and 4.4 percent moved by air.