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NAFTA trade falls 0.1% from last Sept.; 1st year-over-year delcine since '09

Surface transportation includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones. In September, 86.4 percent of U.S. trade by value with Canada and Mexico moved via land, 9.5 percent moved by vessel, and 4.1 percent moved by air.

The Trucker News Services

11/27/2012

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, was 0.1 percent lower in September 2012 than in September 2011, totaling $77.7 billion, unadjusted for inflation, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.

This is the first year over-year-decrease since November 2009. Adjusted for inflation and exchange rates, the September 2012 total was $56.3 billion in 2004 dollars, up 1.4 percent from September 2011.

BTS, a part of the Research and Innovative Technology Administration, reported that the September 2012 value of U.S. surface transportation trade with Canada and Mexico rose 35.6 percent from September 2009, shortly after the end of the last recession.

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The value of U.S. surface transportation trade with Canada and Mexico in September increased by 69.6 percent compared to September 2002, a period of 10 years. Imports in September were up 57.4 percent since September 2002, while exports were up 85.9 percent.

Surface transportation includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones. In September, 86.4 percent of U.S. trade by value with Canada and Mexico moved via land, 9.5 percent moved by vessel, and 4.1 percent moved by air. 

U.S.-Mexico September 2012 trade reached $32.0 billion, a 1.2 percent increase from September 2011, while U.S.-Canada trade was $45.7 billion, a 0.9 percent decrease due to a decrease in imports from Canada. For the 12-month period ending in September 2012, U.S. trade by surface transportation with Mexico has increased, while U.S. trade with Canada decreased.

In September, Michigan led all states in surface trade with Canada, at $6.1 billion, a 2.9 percent increase from September 2011. Of the top 10 states by value in trade with Canada, six of them had a year-to-year decrease in trade, led by Pennsylvania with a 17.2 percent decrease, primarily due to declines of more than 25 percent in trade in iron and steel, paper, pharmaceutical products, and oil and gas.

The top commodity category transported between the U.S. and Canada by surface modes of transportation in September was vehicles, valued at $8.9 billion.

Texas continued to lead all states in surface trade with Mexico at $11.6 billion, a 4.5 percent increase from September 2011. Of the top 10 states by value in trade with Mexico, Michigan had the biggest percentage increase, 10.5 percent, and California had the largest percentage decrease, 13.1 percent. The top commodity category transported between the U.S. and Mexico by surface modes of transportation in September was electrical machinery with $7.1 billion in trade.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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JB Hunt