NAFTA surface trade slides in February
May 4, 2007 2:22 PM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico in February 2007 amounted to $59.7 billion, 0.2 percent less than in February 2006, according to the Bureau of Transportation Statistics of the Department of Transportation.
The value of US surface transportation trade with Canada and Mexico fell 1.6 percent in February from January. 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.
The value of US surface transportation trade with Canada and Mexico in February was up 43 percent compared to February 2002, and up 75.8 percent compared to February 1997, a period of 10 years. Imports in February were up 86.8 percent compared to February 1997, while exports were up 63.0 percent.
United States-Canada trade
United States-Canada surface transportation trade totaled $38.1 billion in February, down 3.4 percent compared to February 2006. The value of imports carried by truck was 0.2 percent lower in February 2007 than February 2006, while the value of exports carried by truck was 4.1 percent higher. Michigan led all states in surface trade with Canada in February with $5.8 billion. United States-Mexico trade
Mexico surface transportation trade totaled $21.5 billion in February, up 5.9 percent compared to February 2006. The value of imports carried by truck was 10.7 percent higher in February 2007 than February 2006 while the value of exports carried by truck was 0.5 percent lower. Texas led all states in surface trade with Mexico in February with $6.5 billion.
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