Can-Am surface trade tops $40B
WASHINGTON – U.S.-Canada surface transportation trade totaled $40.7 billion in October, up 12.2 percent compared to the same month in 2009.
The value of imports carried by truck was 11.6 percent higher in October 2010 compared to October 2009, while the value of exports carried by truck was 13.7 percent higher during this period, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Michigan, as usual, led all states in surface trade with Canada in October with $5.3 billion.
Overall, trade using surface transportation between all three NAFTA partners was 14.9 percent higher, reaching $70.6 billion.
Despite the increase, though, the value of surface trade in October 2010 remained 2.9 percent below the October 2008 level.
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