NAFTA trade up 6.2% for November '12 over 2011
The top commodity category transported between the U.S. and Mexico by surface modes of transportation in November was electrical machinery.
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 rose 6.2 percent in November 2012 compared to November 2011, totaling $81.5 billion, according to the Bureau of Transportation Statistics (BTS) of the Department of Transportation.
Adjusted for inflation and exchange rates and presented in January 2004 dollars, the November 2012 total was $59.5 billion, up 7.6 percent from November 2011.
BTS, a part of the Department’s Research and Innovative Technology Administration, reported that in November 2012, $56.2 billion of U.S. trade with Canada and Mexico moved by truck, $14.9 billion moved by rail and $5.9 billion moved by pipeline.
Surface transportation includes freight movements by truck, rail, pipeline, mail, other modes of transport and goods moving into Foreign Trade Zones.
Surface transportation trade with Canada and Mexico accounted for 21 percent of total U.S. foreign trade in November 2012.
U.S.-Canada surface trade was $46.7 billion in current dollars in November 2012, while U.S.-Mexico surface trade was $34.8 billion.
In November, Michigan led all states in surface trade with Canada at $6.6 billion in current dollars.
The top commodity category transported between the U.S. and Canada by surface modes of transportation in November was vehicles and parts, valued at $9.6 billion in current dollars.
Texas continued to lead all states in surface trade with Mexico at $12.4 billion in current dollars. The top commodity category transported between the U.S. and Mexico by surface modes of transportation in November was electrical machinery with $7.9 billion in trade in current dollars.
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