June NAFTA trade up 6.6 percent from year before
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and other modes of transport. In June, 87.7 percent of U.S. trade by value with Canada and Mexico moved via land, 8.3 percent moved by vessel, and 4 percent moved by air.
The Trucker News Services
WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 6.6 percent higher in June than in June 2011, totaling $82.6 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.
The value decreased 1.4 percent in June from May. Month-to-month changes can be affected by seasonal variations and other factors, BTS noted.
Adjusted for inflation and exchange rates, the June total was $61 billion in 2004 dollars, up 11 percent from the prior year.
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The June NAFTA trade value rose 11.4 percent from June 2008, seven months into the recession, and 62.8 percent from June 2009, at the end of the recession, BTS, a part of the Research and Innovative Technology Administration, reported.
The value of U.S. surface transportation trade with Canada and Mexico in June increased by 79 percent compared to June 2002, a period of 10 years. Imports in June were up 69.7 percent since June 2002, while exports were up 90.8 percent.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and other modes of transport.
In June, 87.7 percent of U.S. trade by value with Canada and Mexico moved via land, 8.3 percent moved by vessel, and 4 percent moved by air.
U.S. trade by surface transportation with Mexico has increased at a faster pace than trade with Canada. U.S.-Canada and U.S.-Mexico NAFTA trade in June both increased compared to June 2011 with U.S.-Canada trade reaching $48.4 billion, a 5 percent increase, and U.S.-Mexico trade reaching $34.2 billion, an 8.8 percent increase.
Michigan led all states in surface trade with Canada, at $6.5 billion, a 4.5 percent increase from June 2011. Of the top 10 states by value, California had the largest percentage increase over June 2011, at 55.1 percent. The largest commodity that is traded between California and Canada, vehicles, increased 171.6 percent from June 2011 to $1.66 billion.
The top commodity category transported between the U.S. and Canada by surface modes of transportation in June was vehicles, valued at $9.9 billion.
Texas continued to lead all states in surface trade with Mexico at $12.4 billion, an 11 percent increase from the prior year. Of the top 10 states by value, Tennessee had the biggest percentage increase, 21.1 percent, primarily because of a 31 percent increase in trade in computer related machinery. The top commodity category transported between the U.S. and Mexico by surface modes of transportation in June was electrical machinery, at $7 billion.
BTS has scheduled the release of July TransBorder numbers for Sept. 27.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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