NAFTA Surface Trade Increases 15.5%
Surface transportation trade among the United States, Canada and Mexico rose 15.5% in November from a year earlier, the Department of Transportation said.
Trade among the North American Free Trade Agreement partners rose to $68.1 billion, DOT’s Bureau of Trade Statistics said Tuesday in its monthly report.
Freight trade value fell 3.6% from October, DOT said, noting that month-to-month changes are affected by seasonal factors.
U.S.-Canada trade rose 12.6% to $39.5 billion. The value of truck imports to the U.S. rose 11.5%, while truck exports gained 12.6%.
U.S.-Mexico trade improved 19.7% to $28.6 billion. Truck imports were 22.4% higher than a year ago and exports rose 21.9%.
Surface transportation consists largely of freight movements by truck, rail and pipeline. Almost 90% of U.S. trade among NAFTA partners moves by land.
