Trade between US and NAFTA partners up 25.3 percent in August

Thursday, 04 November 2010 20:42:52 (GMT+3)   |  
       

The Bureau of Transportation Statistics (BTS) announced Wednesday that trade using surface transportation between the US and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 25.3 percent higher in August 2010 than in August 2009, reaching $68 billion. The value of US surface transportation trade with Canada and Mexico in August 2010 remained 5.9 percent below the August 2008 level despite the 2009-2010 increase.

BTS reported that the value of US surface transportation trade, with consists largely of freight movements by truck, rail and pipeline, with Canada and Mexico rose 10.9 percent in August 2010 from July 2010.

The value of US surface transportation trade with Canada and Mexico in August was up 12.9 percent compared to August 2005, and up 35.1 percent compared to August 2000. Imports in August were up 29.3 percent compared to August 2000, while exports were up 42.5 percent.

US-Canada surface transportation trade totaled $39.9 billion in August, up 21.1 percent compared to August 2009. The value of imports carried by truck was 23.2 percent higher in August 2010 compared to August 2009, while the value of exports carried by truck was 19.8 percent higher during this period.

US-Mexico surface transportation trade totaled $28.1 billion in August, up 31.7 percent compared to August 2009.  The value of imports carried by truck was 29.1 percent higher in August 2010 than August 2009 while the value of exports carried by truck was 30.6 percent higher.

Texas led all states in surface trade with Mexico in August with $10.2 billion.  This is the first time in the 15-year history of the TransBorder Freight Data that a state has exceeded $10 billion of surface trade with Mexico.


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