NAFTA trade drops

| December 02, 2009

Trade using surface transportation between the United States and Canada and Mexico was 20.2 percent lower in September than in September 2008, dropping to $57.3 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

BTS reported Tuesday, Dec. 1, that the value of U.S. surface transportation trade with Canada and Mexico rose 5.6 percent in September 2009 from August 2009. Month-to-month changes can be affected by seasonal variations and other factors.

The value of U.S. surface transportation trade with Canada and Mexico in September was up 4.3 percent compared to September 2004, and up 32.1 percent compared to September 1999.  Imports in September were up 27.2 percent compared to September 1999, while exports were up 38.4 percent.

U.S.-Canada surface transportation trade totaled $34.8 billion in September, down 25.7 percent compared to September 2008. The value of imports carried by truck was 24.5 percent lower in September 2009 than September 2008, while the value of exports carried by truck was 15.1 percent lower. Michigan led all states in surface trade with Canada in September with $4.5 billion.

U.S.-Mexico surface transportation trade totaled $22.5 billion in September, down 10.0 percent compared to September 2008. The value of imports carried by truck was 7.0 percent lower in September 2009 than September 2008, while the value of exports carried by truck was 9.0 percent lower. Texas led all states in surface trade with Mexico in September with $7.8 billion.

The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau; new data are tabulated monthly, and historical data are not adjusted for inflation. Surface transportation consists largely of freight movements by truck, rail and pipeline; about 88 percent of U.S. trade by value with Canada and Mexico moves on land.

More About:

, ,

While OverdriveOnline.com strives to maintain an open forum for reader opinions, it does not welcome comments reflecting racism, vulgarity or spam. Violations of this policy can be grounds for removal of a comment or banning a user from the comments system.