NAFTA Surface Trade Rises 13.8%
Surface transportation trade among the United States, Canada and Mexico rose 13.8% in December from a year earlier, the Department of Transportation said Tuesday.
Trade among the North American Free Trade Agreement partners increased to $66.5 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
Freight trade value slipped 2.2% from November, as monthly changes are affected by seasonal factors, DOT said.
U.S.-Canada trade rose 12.2% year-over-year to $39.8 billion. The value of truck imports to the U.S. rose 17.5%, while truck exports improved 10.4%.
U.S.-Mexico trade improved 16.3% to $26.8 billion. Truck imports were 16.3% higher than a year ago and exports rose 18.7%.
Surface transportation consists largely of freight movements by truck, rail and pipeline. Almost 90% of U.S. trade among NAFTA partners moves by land.
