NAFTA Surface Trade Rises 19.5% in January
Surface transportation trade among the United States, Canada and Mexico rose 19.5% in January from a year earlier, the Department of Transportation said Tuesday.
Trade among the North American Free Trade Agreement partners increased to $67.7 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
The level was 42.7% over January 2009 which, at $47.5 billion, was the lowest of any month since January 2004.
Freight trade value slipped 1.8% from December. Monthly changes are affected by seasonal factors, DOT said.
U.S.-Canada trade rose 17.8% year-over-year to $40.3 billion. The value of truck imports to the U.S. rose 18.7% to $10.1 billion, while truck exports improved 20.6% to $14.3 billion.
U.S.-Mexico trade improved 22.1% to $27.5 billion. Truck imports rose 20.5% to $12.4 billion, and exports rose 23.4% to $9.8 billion.
Surface transportation consists largely of freight movements by truck, rail and pipeline. Almost 90% of U.S. trade among NAFTA partners moves by land.
