NAFTA surface trade rises in May
Aug 2, 2006 10:51 AM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, was 14.0 percent higher in May 2006 than in May 2005, reaching $66 billion, according to the Bureau of Transportation Statistics (BTS).
BTS reported that total North American surface transportation trade rose 6.9 percent in May from April. 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 May was up 33.0 percent compared to May 2001, and up 81.8 percent compared to May 1996, a period of 10 years. Imports in May were up 91.0 percent compared to May 1996, while exports were up 71.2 percent.
United States–Canada surface transportation trade totaled $42.9 billion in May, up 13.2 percent compared to May 2005. The value of imports carried by truck was 9.9 percent higher in May 2006 than May 2005, while the value of exports carried by truck was 12.8 percent higher. Michigan led all states in surface trade with Canada in May with $6.6 billion.
United States–Mexico surface transportation trade totaled $23.1 billion in May, up 15.6 percent compared to May 2005. The value of imports carried by truck was 16.1 percent higher in May 2006 than May 2005 while the value of exports carried by truck was 17.7 percent higher. Texas led all states in surface trade with Mexico in May with $7.3 billion.
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