NAFTA Surface Trade Declines in September
Surface transportation trade among the United States, Canada and Mexico fell 20.2% in September from a year earlier, the Department of Transportation said Tuesday.
Trade among the North American Free Trade Agreement partners fell to $57.3 billion, though most of the month’s year-over-year declines were less than the August-to-August downturns.
Total truck imports to the United States fell 16.2% to $20 billion from a year earlier, while exports fell 12.9% to $21.1 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
Rail imports fell 22.9% to $5.6 billion, while exports fell 28.3% to $3.2 billion. Pipeline imports fell 44% to $4.2 billion, while exports declined 63.3% to $185 million.
U.S.-Canada trade fell 25.7% to $34.8 billion, while the value of truck imports to the U.S. fell 24.5% and the value of truck exports fell 15.1%.
U.S.-Mexico trade fell 10% to $22.5 billion. The value of truck imports fell 7% and the value of truck exports fell 9%.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90% of U.S. trade among NAFTA partners moves by land.
