November 2009 Surface Trade with Canada & Mexico Sinks 2.9 Percent
Nation2Nation N2N | Jan 29, 2010 | Comments 0
- / N2N / – Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) 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 (BTS) 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 4.0 percent in November 2009 from October 2009. 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. 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 5.0 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. Surface Transportation Trade with Canada
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. Surface Transportation Trade with Mexico
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. New data are tabulated monthly and historical data are not adjusted for inflation. November TransBorder numbers include data received by BTS as of Jan. 14.
The news release and summary tables can be found at www.bts.gov. More information on TransBorder Freight Data and data from previous months are posted on the BTS website at http://www.bts.gov/transborder/. BTS will release December TransBorder numbers on March 2.
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