NAFTA transportation hits upturn in September
Dec 2, 2008 1:22 PM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 7.5 percent higher in September 2008 than in September 2007, reaching $71.8 billion, according to the Bureau of Transportation Statistics (BTS) of the Department of Transportation.
The value of US surface transportation trade with Canada and Mexico fell 0.6 percent in September from August. 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 September was up 46.9 percent compared to September 2003, and up 82.8 percent compared to September 1998, a period of 10 years. Imports in September were up 87.6 percent compared to September 1998, while exports were up 76.9 percent.
United States-Canada trade
United States–Canada surface transportation trade totaled $46.8 billion in September, up 9.7 percent compared to September 2007. The value of imports carried by truck was unchanged in September 2008 compared to September 2007, while the value of exports carried by truck was 2.6 percent higher. Michigan led all states in surface trade with Canada in September with $5.9 billion.
United States-Mexico trade
United States–Mexico surface transportation trade totaled $25 billion in September, up 3.8 percent compared to September 2007. The value of imports carried by truck was 0.7 percent lower in September 2008 than September 2007 while the value of exports carried by truck was 16.6 percent higher. Texas led all states in surface trade with Mexico in September with $8.2 billion.
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