NAFTA trade rises in June
Sep 3, 2008 12:41 PM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 6.6 percent higher in June 2008 than in June 2007, reaching $74.1 billion, according to the Bureau of Transportation Statistics.
The value of US surface transportation trade with Canada and Mexico rose 0.015 percent in June from May. 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 88 percent of US trade by value with Canada and Mexico moves on land.
The value of US surface transportation trade with Canada and Mexico this June was up 56.3 percent compared to June 2003, and up 97.3 percent compared to June 1998, a period of 10 years. Imports in June 2008 were up 106.4 percent compared to June 1998, while exports were up 86.8 percent.
United States–Canada surface transportation trade totaled $48.9 billion in June, up 8.7 percent compared to June 2007. The value of imports carried by truck was 1.4 percent lower in June 2008 than June 2007, while the value of exports carried by truck was 8.2 percent higher. Michigan led all states in surface trade with Canada in June 2008 with $6.5 billion.
United States–Mexico surface transportation trade totaled $25.2 billion this June, up 2.9 percent compared to June 2007. The value of imports carried by truck was 1.1 percent higher in June 2008 than June 2007 while the value of exports carried by truck was 7.4 percent higher. Texas led all states in surface trade with Mexico in June 2008 with $8.2 billion.
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