NAFTA trade rises in September
Dec 2, 2005 8:21 AM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, rose 11.4 percent in September 2005 from September 2004.
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.
The trade value totaled $61.2 billion, the highest monthly level ever recorded, according to the Bureau of Transportation Statistics (BTS).
Surface transportation trade also was up by 1.6 percent in September from the previous month. Trucks carried 63 percent of imports and 79 percent of exports by value.
Canada surface transportation trade reached a new monthly high of $40.4 billion in September, up 14.1 percent compared to September 2004. Trucks carried 53 percent of imports and 79 percent of exports by value.
The value of imports carried by truck rose 8.9 percent in September 2005 from September 2004 while the value of exports rose 11.4 percent.
Michigan led all states in surface trade with Canada in September with $6.6 billion.
United States-Mexico surface transportation trade totaled $20.8 billion in September, up 6.5 percent compared to September 2004. Trucks carried 82 percent of imports and 80 percent of exports by value.
The value of imports carried by truck rose 7.3 percent in September 2005 from September 2004 while the value of exports rose 5.1 percent.
Texas led all states in surface trade with Mexico in September with $6.8 billion.
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