North American Surface Trade Rises in May
July 31, 2012
According to the Bureau of Transportation Statistics of the U.S. Department of Transportation, trade figures, adjusted for inflation and exchange rates, totaled $60.7 billion in 2004 dollars, up 11.7% from May 2011.
The value of U.S. surface transportation trade between the three NAFTA partners rose 13.0% from May 2008, six months into the recession, and 75.0% from May 2009, late in the recession. Compared to May 2002, the value of surface transportation trade increased by 72.6%.
Imports in May were up 62.5% since May 2002, while exports were up 85.9%.
By nation, U.S. trade with Mexico using road, rail or pipeline increased at a faster pace than trade with Canada. U.S.-Canada trade reached $48.1 billion, a 4.0% increase, while U.S.-Mexico trade reached $35.6 billion, a 14.9% increase.
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