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NAFTA surface trade down 27.9% in March

WASHINGTON, D.C. -- Surface trade between Canada, the US and Mexico was 27.9% lower in March than it was in Ma...


WASHINGTON, D.C. — Surface trade between Canada, the US and Mexico was 27.9% lower in March than it was in March, 2008 according to the latest figures from the US Department of Transportation’s Bureau of Transportation Statistics.

 

Surface trade between the three NAFTA nations fell to US$51.1 billion. March marked the third straight month with a year-over-year decline of more than 27%. However, surface trade between the US, Canada and Mexico was up 6.5% over February, 2009. The Bureau noted seasonal factors can impact month-to-month figures.

 

US/Canada surface trade was down 34.2% compared to March, 2008. The value of US imports carried by truck was down 26.8% and US exports into Canada carried by truck was down 25.1%. Michigan continues to lead all states with $3.2 billion in surface trade with Canada.


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