Nafta Surface Trade Slips 3.2% in December
Surface trade among the United States, Canada and Mexico fell 3.2% in December from the same month a year earlier, the Department of Transportation said Thursday.
Trade among the North American Free Trade Agreement partners declined to $71.9 billion, DOT’s Bureau of Transportation Statistics said in its monthly report.
Month-to-month trade, which is affected by seasonal factors, dropped 11.7% from November, BTS said.
U.S.-Canada trade fell 4.7% year-over-year to $42.1 billion, while U.S.-Mexico trade dipped 0.8% to $29.8 billion.
Truck imports to the United States from the two countries declined 3.2% year-over-year to $23.2 billion, while exports fell 5.1% to $24.8 billion.
Rail imports rose 3.6% to $9 billion, while exports gained 5.2% to $4.7 billion. Pipeline imports dropped 20.3% to $5.1 billion, while exports rose 4% to $607 million.
