November NAFTA Surface Trade Up 15.5 Percent From Previous Year
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 15.5 percent higher in November 2010 than in November 2009, reaching $68.1 billion
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 15.5 percent higher in November 2010 than in November 2009, reaching $68.1 billion,
according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico fell 3.6 percent in November from the previous month. Month-to-month changes can be affected by seasonal variations and other factors.
Surface transportation consists largely of freight movements by truck, rail and pipeline. In November, 86.1 percent of U.S. trade by value with Canada and Mexico moved on land.
The value of U.S. surface transportation trade with Canada and Mexico in November was up 8.2 percent compared to November 2005, and up 36.7 percent compared to November 2000, a period of 10 years. Imports in November were up 29.7 percent compared to November 2000, while exports were up 45.8 percent.
U.S.-Canada surface transportation trade totaled $39.5 billion in November, up 12.6 percent compared to November 2009. The value of imports carried by truck was 11.5 percent higher in November 2010 compared to November 2009, while the value of exports carried by truck was 12.6 percent higher during this period.
U.S.-Mexico surface transportation trade totaled $28.6 billion in November, up 19.7 percent compared to November 2009. The value of imports carried by truck was 22.4 percent higher in November 2010 than November 2009 while the value of exports carried by truck was 21.9 percent higher.
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