NAFTA surface trade decline improves
Trade using surface transportation among the United States and Canada and Mexico dropped 15.5 percent to $61.4 billion in October 2009 compared with a year earlier, according to the U.S. Department of Transportation.
October’s North American Free Trade Agreement decline was less than September’s decrease of 20.2 percent, DOT said. Trade increased 7.2 percent in October from September.
U.S.–Canada trade fell 19 percent to $36.3 billion. U.S.–Mexico trade dropped 10 percent to $25.1 billion.
Truck imports to the United States dropped 9.9 percent to $21.5 billion from a year earlier, while exports fell 11.1 percent to $22.5 billion, slightly higher from September.
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.