Nafta Trade Exceeds $100 Billion in October
Trade among the United States, Canada and Mexico grew to $103.5 billion in October, the first time it has exceeded $100 billion, the Department of Transportation reported.
The October figure for trade among the North American Free Trade Agreement partners was a 4.5% increase over October 2012, DOT’s Bureau of Transportation Statistics said Jan. 7 in its monthly report.
Surface trade hit $85.4 billion in October, the highest on record. Trucks carried 59.5% of the freight, or $61.4 billion, which was a record itself. Rail also reached a record at $15.9 billion.
Trucks accounted for 53.5% of the $56.7 billion in trade with Canada and 66.9% of the $46.4 billion in Mexico trade, BTS said.
Imports from Canada and Mexico carried by trucks grew 1.4% to $29 billion. Exports rose 4.6% to $32.3 billion.
