NAFTA Surface Trade Reaches Monthly Record
Surface trade among the United States, Canada and Mexico reached a record high level in April, the Department of Transportation said Monday.
Trade among the North American Free Trade Agreement partners jumped 14.3% from a year ago to a record $74.3 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
Truck imports to the United States rose 5.8% year-over-year to $24.9 billion, while exports rose 12.4% to $24.5 billion.
Rail imports gained 6.8% to $8.1 billion, while exports rose 17.8% to $4.4 billion.
Pipeline imports jumped 73.3% to $7.7 billion, while export rose 46.4% to $600 million, DOT said.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90% of U.S. trade among NAFTA partners moves by land.
