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NAFTA surface trade in May reaches new record

WASHINGTON, D.C. -- Trade using surface transportation between Canada, the US and Mexico was 39.5% higher in M...


WASHINGTON, D.C. — Trade using surface transportation between Canada, the US and Mexico was 39.5% higher in May 2010 than in May 2009, reaching $66.8 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. The 39.5% increase was the largest percentage year-over-year increase in total NAFTA trade by surface modes on record back to April 1994. May was the third month in the last four with a record percentage year-over-year increase.

BTS reported that the value of US surface transportation trade with Canada and Mexico in May 2010 remained 9.9% below the May 2008 level despite the 2009-2010 increase. North American surface freight value rose 1.5% in May 2010 from April 2010.

The value of US surface transportation trade with Canada and Mexico in May was up 15.4% percent compared to May 2005, and up 36.2% compared to May 2000. Imports in May were up 31.8% compared to May 2000, while exports were up 41.8%. 

US-Canada surface transportation trade totalled $40.2 billion in May, up 37.5% compared to May 2009. The value of imports carried by truck was 32.0% higher in May 2010 compared to May 2009, while the value of exports carried by truck was 34.5% higher during this period.

Michigan led all states in surface trade with Canada in May with $5.5 billion.

 

 


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