Trade using surface transportation between US, NAFTA partners Canada, Mexico totaled US$85.3B in October, up 7.9% year-over-year
Cindy Allen
WASHINGTON
,
January 4, 2013
(press release)
–
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, rose 7.9 percent in October 2012 compared to October 2011, totaling $85.3 billion, unadjusted for inflation (Table 1 and Figure 1), according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation. Adjusted for inflation and exchange rates, the October 2012 total was $61.7 billion in 2004 dollars, up 7.6 percent from October 2011.
BTS, a part of the Research and Innovative Technology Administration, reported that the October 2012 value of U.S. surface transportation trade in current dollars with Canada and Mexico rose 38.9 percent from October 2009, shortly after the end of the last recession (Table 3). Only figure 1 in the press release is adjusted for inflation and exchange rate fluctuations.
The value of U.S. surface transportation trade with Canada and Mexico in October increased by 71.8 percent compared to October 2002, a period of 10 years. Imports in October were up 60.1 percent since October 2002, while exports were up 87.2 percent (Figure 2 and Table 3). See Transborder Press Releases for historical data.
Surface transportation includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones. In October, 86.5 percent of U.S. trade by value with Canada and Mexico moved via land, 9.5 percent moved by vessel, and 4.0 percent moved by air (Figure 2).
October 2012 U.S. Surface Transportation Trade with Canada and Mexico
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
