Surface Trade with Canada and Mexico Rose 4.9 Percent in 2007
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 4.9 percent higher in 2007 than in 2006
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 4.9 percent higher in 2007 than in 2006,
reaching an annual record of $797 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
The 4.9 percent rate of growth from 2006 to 2007 is lower than the 8.9 percent growth from 2005 to 2006.
BTS, a part of the Research and Innovative Technology Administration, reported that freight valued at $137.0 billion entered the U.S. from Mexico by truck in 2007 while $93.0 billion of freight was exported to Mexico by truck.
Freight valued at $150.4 billion entered the U.S. from Canada by truck in 2007 while $174.3 billion of freight was exported to Canada by truck.
Total North American surface transportation imports rose 4.2 percent in 2007 from 2006, and exports rose 5.8 percent during the same time period (Table 2).
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90 percent of U.S. merchandise trade by value with Canada and Mexico moves on land.
Total North American surface transportation trade value in 2007 was up 47.4 percent compared to 2002, and up 87.2 percent compared to 1997, a period of 10 years.
U.S.-Canada surface transportation trade totaled $511 billion in 2007, up 4.6 percent compared to 2006. The value of imports carried by truck was 0.4 percent higher in 2007 than 2006 while the value of exports carried by truck was 6.1 percent higher. Michigan led all states in surface trade with Canada in 2007 with $77 billion
U.S.-Mexico surface transportation trade totaled $286 billion in 2007, up 5.3 percent compared to 2006. The value of imports carried by truck was 8.4 percent higher in 2007 than 2006 while the value of exports carried by truck was 0.1 percent higher.
Texas led all states in surface trade with Mexico in 2007 with $87.8 billion.
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