Monday, April 23, 2018

April NAFTA trade up over 2009, but down from previous month


Tuesday, June 29, 2010
The 32.4 percent increase is the third consecutive monthly increase of at least 24 percent from the previous year.
The 32.4 percent increase is the third consecutive monthly increase of at least 24 percent from the previous year.

WASHINGTON — Trade using surface transportation between the U.S. and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 32.4 percent higher in April 2010 than in April 2009, reaching $65.8 billion, according to the Bureau of Transportation Statistics (BTS) of the Department of Transportation.

The 32.4 percent increase is the third consecutive monthly increase of at least 24 percent from the previous year.

Freight value in April 2010 still remained 11.4 percent less than the value in April 2008, two years earlier.

BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico fell 5.9 percent in April 2010 from March 2010.  Month-to-month changes can be affected by seasonal variations and other factors. 

Surface transportation consists largely of freight movements by truck, rail and pipeline.

In April, 86.6 percent of U.S. trade by value with Canada and Mexico moved on land.

The value of U.S. surface transportation trade with Canada and Mexico in April was up 12.9 percent compared to April 2005, and up 40.5 percent compared to April 2000, a period of 10 years.

Imports in April were up 38.2 percent compared to April 2000, while exports were up 43.3 percent. 

U.S.–Canada surface transportation trade totaled $39.9 billion in April, up 32.1 percent compared to April 2009.  The value of imports carried by truck was 21.5 percent higher in April 2010 compared to April 2009, while the value of exports carried by truck was 31.6 percent higher during this period.

Michigan led all states in surface trade with Canada in April with $5.5 billion.

U.S.–Mexico surface transportation trade totaled $25.9 billion in April, up 32.8 percent compared to April 2009.  The value of imports carried by truck was 31.2 percent higher in April 2010 than April 2009 while the value of exports carried by truck was 28.6 percent higher.

Texas led all states in surface trade with Mexico in April with $9.1 billion.

Kevin Jones of The Trucker staff can be reached to comment on this article at kevinj@thetrucker.com.

 

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