Surface Trade With Canada, Mexico Up 8.9% from May 2004
The Bureau of Transportation Statistic announced Thursday that trade using surface transportation between the U.S. and its North American Free Trade Agreement partners Canada and Mexico rose 8.9% in May 2005 from May 2004 to a total of $57.9 billion
The Bureau of Transportation Statistic announced Thursday that trade using surface transportation between the U.S. and its North American Free Trade Agreement partners Canada and Mexico rose 8.9% in May 2005 from May 2004 to a total of $57.9 billion.
The Bureau of Transportation Statistics is part of the U.S. Department of Transportation.
The bureau reported that total surface transportation trade fell 0.7% in May from April. 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. About 90% of U.S. trade by value with Canada and Mexico moves on land.
Total surface transportation trade value in May was up 19.3% compared to May 2002, when North American surface trade reached its low point of any May since 2000, and up 79.2% compared to May 1995, a period of 10 years. Imports in May were up 91.5% compared to May 1995, while exports were up 65.6%.
U.S. – Canada surface transportation trade totaled $37.9 billion in May, up 9.8% compared to May 2004. Trucks carried 59% of imports and 78% of exports by value. The value of imports carried by truck rose 10.3% in May 2005 from May 2004 while the value of exports rose 11.1%.
Michigan led all states in surface trade with Canada in May with $6.0 billion.
U.S. – Mexico surface transportation trade totaled $20.0 billion in May, up 7.0% compared to May 2004. Trucks carried 82% of imports and 80% of exports by value. The value of imports carried by truck rose 9.1% in May 2005 from May 2004 while the value of exports rose 5.2%. Texas led all states in surface trade with Mexico in May with $6.5 billion.
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