NAFTA Surface Trade Gains 25.3% in August
Surface transportation trade among the United States, Canada and Mexico rose 25.3% in August from a year earlier, the Department of Transportation said Wednesday.
Trade among the North American Free Trade Agreement partners increased to $68 billion year-over-year, DOT’s Bureau of Trade Statistics said in its monthly report.
Freight trade value rose 10.9% from July but was 5.9% below the level of August 2008, DOT said.
U.S.-Canada trade improved 21.1% to $39.9 billion and the value of truck imports to the U.S. rose 23.2%, while truck exports gained 19.8%.
U.S.-Mexico trade jumped 31.7% to $28.1 billion, with the value of truck imports 29.1% higher than a year ago. U.S. truck exports soared 30.6%.
Surface transportation consists largely of freight movements by truck, rail and pipeline. Almost 90% of U.S. trade among NAFTA partners moves by land.
