April NAFTA trade up 5.3 percent
Jun 29, 2007 12:46 PM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was valued at $65.0 billion in April 2007, 5.3 percent higher than in April 2006.
This was the biggest percentage increase from the same month of the previous year since August 2006, according to the Bureau of Transportation Statistics (BTS).
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90 percent of U.S. trade by value with Canada and Mexico moves on land.
However, the value of US surface transportation trade with Canada and Mexico fell 6.8 percent in April from March.
United States-Canada surface transportation trade totaled $42.3 billion in April, up 4.2 percent compared to April 2006. The value of imports carried by truck was 3.1 percent higher in April 2007 than April 2006, while the value of exports carried by truck was 4.8 percent higher. Michigan led all states in surface trade with Canada in April with $6.7 billion.
United States-Mexico surface transportation trade totaled $22.7 billion in April, up 7.4 percent compared to April 2006. The value of imports carried by truck was 10.4 percent higher in April 2007 than April 2006 while the value of exports carried by truck was 3.6 percent higher. Texas led all states in surface trade with Mexico in April with $6.9 billion.
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