NAFTA trade up in October
Jan 2, 2007 11:42 AM
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 4.5 percent higher in October 2006 than in October 2005, reaching $66.8 billion, according to the Bureau of Transportation Statistics (BTS) of the Department of Transportation.
BTS reported that total North American surface transportation trade rose 5.6 percent in October from September. 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.
Total North American surface transportation trade value in October was up 40.3 percent compared to October 2001, and up 76.9 percent compared to October 1996, a period of 10 years. Imports in October were up 94.1 percent compared to October 1996, while exports were up 58.5 percent.
United States-Canada surface transportation trade totaled $41.8 billion in October, down 0.7 percent compared to October 2005. The value of imports carried by truck was 1.8 percent higher in October 2006 than October 2005, while the value of exports carried by truck was 4.9 percent higher. Michigan led all states in surface trade with Canada in October with $5.6 billion.
United States-Mexico surface transportation trade totaled $25.1 billion in October, up 14.5 percent compared to October 2005. The value of imports carried by truck was 14.9 percent higher in October 2006 than October 2005 while the value of exports carried by truck was 9.8 percent higher. Texas led all states in surface trade with Mexico in October with $7.5 billion.
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