CanAm land trade plummets y-y
WASHINGTON — Surface transportation trade between the U.S. and Canada was down to $30.2 billion in April, a whopping decline of 38.2 percent versus April 2008.
Truck imports, specifically, dropped 32.8 percent compared to last year, while the value of exports was 31.2 lower during this period, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Michigan, as usual, topped the list of states in surface trade with Canada with $3.3 billion in April.
Total surface trade between all three NAFTA nations, including Mexico dropped 33.1 percent in April 2009 from April 2008. April marked the fourth consecutive month to have a yearly decline that exceeded 27 percent.
The bureau found that trade between the countries fell 2.6 percent in April from March, dropping to $49.7 billion. Month-to-month changes can be affected by seasonal variations and other factors.
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