NAFTA surface transportation trade up in August
Nov 6, 2006 11:35 AM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 10.2 percent higher in August 2006 than in August 2005, reaching $66.4 billion, according to the Bureau of Transportation Statistics.
Total North American surface transportation trade rose 18.6 percent in August from July. 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 90 percent of US trade by value with Canada and Mexico moves on land.
Total North American surface transportation trade value in August was up 40.8 percent compared to August 2001, and up 91.2 percent compared to August 1996, a period of 10 years (Table 3). Imports in August were up 99.5 percent compared to August 1996, while exports were up 81.3 percent. US-Canada trade
United States-Canada surface transportation trade totaled $42.2 billion in August, up 7.2 percent compared to August 2005. The value of imports carried by truck was 2.1 percent higher in August 2006 than August 2005, while the value of exports carried by truck was 8.5 percent higher. Michigan led all states in surface trade with Canada in August with $6.1 billion. US-Mexico Trade
United States-Mexico surface transportation trade totaled $24.1 billion in August, up 16.0 percent compared to August 2005. The value of imports carried by truck was 16.7 percent higher in August 2006 than August 2005 while the value of exports carried by truck was 13.5 percent higher. Texas led all states in surface trade with Mexico in August with $7.5 billion.
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