Monday, January 15, 2018

Jan. NAFTA trade posts biggest annual rise in 10 years


Tuesday, March 30, 2010
January's 19.5 percent increase in NAFTA surface trade was the largest year over year rise since March 2000.
January's 19.5 percent increase in NAFTA surface trade was the largest year over year rise since March 2000.

WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 19.5 percent higher in January 2010 than in January 2009, reaching $56.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. 

The 19.5 percent increase was the largest year over year rise since March 2000.

However, the value of U.S. surface transportation trade with Canada and Mexico fell 3 percent in January 2010 from December 2009, BTS — a part of the Research and Innovative Technology Administration — reported. Month-to-month changes can be affected by seasonal variations and other factors, the report noted. 

Surface transportation consists largely of freight movements by truck, rail and pipeline. In January, 86.1 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 January was up 8.3 percent compared to January 2005, and up 31.6 percent compared to January 2000, a period of 10 years. Imports in January were up 28.4 percent compared to January 2000, while exports were up 35.8 percent. 

U.S.–Canada surface transportation trade totaled $34.2 billion in January, up 18 percent compared to January 2009. The value of imports carried by truck was 7.2 percent higher in January 2010 compared to January 2009, while the value of exports carried by truck was 17.1 percent higher during this period.

Michigan led all states in surface trade with Canada in January with $4.0 billion.

U.S.–Mexico surface transportation trade totaled $22.5 billion in January, up 21.7 percent compared to January 2009.  The value of imports carried by truck was 18.9 percent higher in January 2010 than January 2009 while the value of exports carried by truck was 11.5 percent higher.

Texas led all states in surface trade with Mexico in January with $8.1 billion.  

The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. January TransBorder numbers include data received by BTS as of March 12. BTS will release February TransBorder numbers on April 29.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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