NAFTA transportation trade down in January
Apr 8, 2009 9:09 AM
Surface transportation trade between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 27.2 percent lower in January 2009 than in January 2008.
Data from the Department of Transportation indicated trade dropped to $47.5 billion, the biggest year-to-year percentage decline on record.
The $47.5 billion in US-NAFTA trade in January 2009 was the lowest monthly amount since January 2004.
The value of US surface transportation trade with Canada and Mexico fell 10.3 percent in January from December (Table 2). 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 January was up 3.9 percent in the five-year period compared to January 2004, and up 31.6 percent over the 10-year period compared to January 1999. Imports in January were up 26.4 percent compared to January 1999, while exports were up 38.1 percent.
United States-Canada trade
United States–Canada surface transportation trade totaled $29.0 billion in January, down 31.1 percent compared to January 2008. The value of imports carried by truck was 31.3 percent lower in January 2009 compared to January 2008, while the value of exports carried by truck was 27.2 percent lower. Illinois led all states in surface trade with Canada in January with $2.6 billion.
United States-Mexico trade
United States–Mexico surface transportation trade totaled $18.5 billion in January, down 20.0 percent compared to January 2008. The value of imports carried by truck was 20.5 percent lower in January 2009 than January 2008 while the value of exports carried by truck was 10.7 percent lower. Texas led all states in surface trade with Mexico in January with $6.3 billion.
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