Saturday, January 20, 2018

NAFTA trade slips in November


Thursday, January 28, 2010
The value of U.S. surface transportation trade with Canada and Mexico fell 4 percent in November 2009 from the year’s high in October. Both imports and exports carried by truck were down 5.7 percent from the month before.
The value of U.S. surface transportation trade with Canada and Mexico fell 4 percent in November 2009 from the year’s high in October. Both imports and exports carried by truck were down 5.7 percent from the month before.

WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 2.9 percent lower in November 2009 than in November 2008, dropping to $58.9 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

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 4 percent in November 2009 from the year’s high in October. Both imports and exports carried by truck were down 5.7 percent from the month before.

Month-to-month changes can be affected by seasonal variations and other factors, BTS noted. 

Surface transportation consists largely of freight movements by truck, rail and pipeline.  About 88 percent of U.S. trade by value with Canada and Mexico moves on land.

The value of U.S. surface transportation trade with Canada and Mexico in November was up 5 percent compared to November 2004, and up 28.5 percent compared to November 1999, a period of 10 years. Imports in November were up 25.1 percent compared to November 1999, while exports were up 32.7 percent. 

U.S.–Canada surface transportation trade totaled $35.0 billion in November, down 7.2 percent compared to November 2008. The value of imports carried by truck was 6.1 percent lower in November 2009 compared to November 2008, while the value of exports carried by truck was 1.8 percent lower during this period.

Michigan led all states in surface trade with Canada in November with $4.3 billion.

U.S.–Mexico surface transportation trade totaled $23.9 billion in November, up 4.4 percent compared to November 2008. The value of imports carried by truck was 11.5 percent higher in November 2009 than November 2008 while the value of exports carried by truck was 1.7 percent higher.

Texas led all states in surface trade with Mexico in November with $8.2 billion.

The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. November TransBorder numbers include data received by BTS as of Jan. 14. BTS will release December TransBorder numbers on March 2. 

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

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