NAFTA trade on the rise in May 2005
Sep 1, 2005 12:00 PM
Trade using truck transportation between the United States and its North American Free Trade Agreement (NAFTA) partners was on the rise in May 2005, according to the Bureau of Transportation Statistics (BTS).
Trucks carried 59% of Canadian imports and 78% of exports by value. The value of the imports carried by truck rose 10.3% in May 2005 from May 2004 while the value of exports rose 11.1%.
In Mexico, trucks carried 82% of imports and 80% of exports by value. The value of imports carried by truck rose 9.1% in May 2005 from May 2004 while the value of exports rose 5.2%.
Trade using all surface transportation between the United States and its NAFTA partners Canada and Mexico rose 8.9% in May 2005 from May 2004 to a total of $57.9 billion, according to BTS.
Surface transportation consists largely of freight movements by truck, rail, and pipeline. About 90% of US trade by value with Canada and Mexico moves on land.
BTS, a part of the Research and Innovative Technology Administration (RITA), reported that total surface transportation trade fell 0.7% in May from April 2005. Month-to-month changes can be affected by seasonal variations and other factors.
Total surface transportation trade value in May was up 19.3% compared with May 2002, when North American surface trade reached its low point of any May since 2000, and up 79.2% versus May 1995, a period of 10 years.
Imports in May were up 91.5% compared with May 1995, while exports were up 65.6%.
All US-Canada surface transportation trade totaled $37.9 billion in May, up 9.8% versus May 2004. Michigan led all states in surface trade with Canada in May with $6.0 billion.
All US — Mexico surface transportation trade totaled $20 billion in May, up 7.0% compared with May 2004. Texas led all states in surface trade with Mexico in May with $6.5 billion.
