NAFTA Surface Trade Rises 15.7% in May
Surface trade among the United States, Canada and Mexico rose 15.7% in May from a year ago, the Department of Transportation said Tuesday.
Trade among the North American Free Trade Agreement partners rose to $77.3 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
U.S.-Canada trade rose 15.1% to $46.3 billion, while U.S.-Mexico trade gained 16.6% to $31 billion.
Trade rose 4.8% from April, DOT said, noting that month-to-month changes are affected by seasonal and other factors.
Truck imports to the United States rose 13.1% year-over-year to $26.2 billion, while exports rose 13.5% to $27.3 billion.
Rail imports gained 11.7% to $8.3 billion, while exports rose 21.9% to $4.9 billion. Pipeline imports increased 22.9% to $6.1 billion, while exports spiked 232.1% to $1.02 billion, 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.
