NAFTA Surface Trade Rises 4.5%
Surface trade among the United States, Canada and Mexico rose 4.5% in August from the same month last year, though both truck and rail imports declined, the Department of Transportation said Thursday.
Trade among the North American Free Trade Agreement partners rose to $72.3 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
Truck imports to the United States fell 7.1% year-over-year to $22.9 billion, while exports rose 2.3% to $23.9 billion.
Rail imports dipped 1.6% to $8.3 billion, while exports jumped 30.5% to $4.8 billion, DOT said.
Pipeline imports jumped 72.2% to $8.2 billion, while exports soared 93.9% to $367 million.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90% of U.S. trade among NAFTA partners moves by land.
