NAFTA surface trade jumps 18% in July
WASHINGTON, D.C. — Trade using surface transportation between Canada, the US and Mexico was 18.1% higher in July than in July 2010, totalling $72.4 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation.
BTS reported that the value of US surface transportation trade with Canada and Mexico in July rose 40.4% in two years from July 2009, but has still only risen 1.0% above the level of July 2008.
The value of US surface transportation trade with Canada and Mexico in July increased by 29.4% when compared to July 2006, and also increased by 77.1% when compared to July 2001. Imports in July were up 60.7% since July 2001, while exports were up 100.8%.
In July, 85.2% of US trade by value with Canada and Mexico moved via land, 10.8% moved by vessel, and 4.1% moved by air.
The value of US surface transportation trade with Canada and Mexico decreased 6.7% in July from June.
US-Canada surface transportation trade increased compared to July 2010 reaching $42.5 billion, a 17.0% increase.
In July trade by state, Michigan led all states in surface trade with Canada at $4.5 billion, a 27.7% increase from July 2010.
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