November Surface Trade with Canada and Mexico up 12.7% Year-over-year
Trade using surface transportation between the U.S. and Canada and Mexico was 12.7% higher in November 2011 than in November 2010, totaling $76.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation
Trade using surface transportation between the U.S. and Canada and Mexico was 12.7% higher in November 2011 than in November 2010, totaling $76.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
The November 2011 value of U.S. surface transportation trade with the nation's North American Free Trade Agreement partners rose 30.1 % in two years from November 2009, 26.4% from November 200, 18.3% from November 2006 and also 72.6% from 10 years ago in 2001.
Imports in November were up 64.3% since November 2001, while exports were up 83.5%.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and others. In November, 84.8% of U.S. trade by value with Canada and Mexico moved via land, 10.8% moved by vessel, and 4.4% moved by air.
U.S.-Canada and U.S.-Mexico surface transportation trade both increased compared to November 2010 with U.S.-Canada reaching $44.3 billion, a 12.2% increase, and U.S.-Mexico reaching $32.4 billion, a 13.3% increase.
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