Land transport trade grows for NAFTA partners
Jul 9, 2008 11:17 AM
Surface transport trade between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 14.3 percent higher in April 2008 than in April 2007, reaching $74.3 billion, the highest monthly level ever recorded, according to the Department of Transportation's Bureau of Transportation Statistics (BTS).
BTS, a part of the Research and Innovative Technology Administration (RITA), reported that the value of North American surface trade in April topped the previous monthly high of $74.2 billion in October 2007 by 0.1 percent. The value of US surface transportation trade with Canada and Mexico rose 5.0 percent in April from March. 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 in April 2008 was up 58.7 percent compared to April 2003, and up 91.8 percent compared to April 1998, a period of 10 years. Imports in April 2008 were up 106.0 percent compared to April 1998, while exports were up 75.8 percent.
US Surface Transportation Trade with Canada
US–Canada surface transportation trade totaled $48.9 billion in April 2008, up 15.4 percent compared to April 2007. The value of imports carried by truck was about one percent higher in April 2008 than April 2007, while the value of exports carried by truck was 13.1 percent higher. Michigan led all states in surface trade with Canada in April with $6.4 billion. Much of this is tied to automobile manufacturing.
US Surface Transportation Trade with Mexico
US–Mexico surface transportation trade totaled $25.5 billion in April, up 12.2 percent compared to April 2007. The value of imports carried by truck was 11.8 percent higher in April 2008 than April 2007 while the value of exports carried by truck was 10.9 percent higher. Texas led all states in surface trade with Mexico in April with $8.0 billion.
The report and summary tables can be found at the BTS Web site. More information on TransBorder Freight Data and data from previous months are also posted on the BTS website. BTS will release May TransBorder numbers on July 31.
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