January surface trade with Canada, Mexico up 11.5% from last year
BTS reported that the January 2012 value of U.S. surface transportation trade with Canada and Mexico, the United States’ North American Free Trade Agreement (NAFTA) partners, rose 15.9 percent from January 2008.
The Trucker News Services
Trade using surface transportation between the United States and its North American neighbors, Canada and Mexico, was 11.5 percent higher in January 2012 than in January 2011, totaling $75.5 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.
BTS, a part of the Research and Innovative Technology Administration, reported that the January 2012 value of U.S. surface transportation trade with Canada and Mexico, the United States’ North American Free Trade Agreement (NAFTA) partners, rose 15.9 percent from January 2008, which was one month after the start of the recession, and 59.2 percent from January 2009, in the middle of the recession.
The value of U.S. surface transportation trade with Canada and Mexico in January increased by 82.8 percent compared to January 2002, a period of 10 years. Imports in January were up 72.7 percent since January 2002, while exports were up 96.5 percent.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and other. In January, 86.3 percent of U.S. trade by value with Canada and Mexico moved via land, 9.8 percent moved by vessel, and 3.9 percent moved by air.
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By all modes of transportation, U.S.-Canada trade and U.S.-Mexico trade accounted for 16.2 percent and 12.8 percent, respectively, of total U.S.-world trade in January 2012.
The value of U.S. surface transportation trade with Canada and Mexico increased 1.8 percent in January 2012 from December 2011. Month-to-month changes can be affected by seasonal variations and other factors.
U.S.-Canada and U.S.-Mexico surface transportation trade both increased compared to January 2011 with U.S.-Canada reaching $44.1 billion, a 9.6 percent increase, and U.S.-Mexico reaching $31.4 billion, a 14.3 percent increase.
In January trade by state, Michigan led all states in surface trade with Canada as it has in previous years, at $5.6 billion, a 14.0 percent increase from January 2011.
Of the top 10 states by value, Illinois had the largest percentage increase over January 2011, at 26.2 percent. About half of the $5.0 billion in Illinois-Canada trade was in the importation of oil and gas via pipeline. The top commodity category transported between the U.S. and Canada by surface modes of transportation in January was oil and gas, valued at $8.3 billion.
Most of this trade, $7.3 billion, consisted of U.S. imports from Canada, including $6.7 billion of oil and gas imports via pipeline. U.S. imports of oil and gas from Canada via all surface modes peaked in July 2008 at $9.5 billion.
Texas also continued to lead all states in surface trade with Mexico at $11.5 billion, a 20.1 percent increase from January 2011. January 2012 was the second highest month on record for Texas – Mexico trade, which peaked in August 2011 at $11.9 billion.
Of the top 10 states by value, Tennessee had the biggest percentage increase, 32.3 percent. Of the $703 million in Tennessee – Mexico trade, $188 million was in computer-related machinery and parts. The top commodity category transported between the U.S. and Mexico by surface modes of transportation in January was electrical machinery with $6.4 billion in trade.
BTS has scheduled release of February TransBorder numbers for May 1.
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