Surface trade in North America up 4.1% in 2008
WASHINTON, D.C. — Surface transportation trade between Canada, the US and Mexico was 4.1% higher in 2008 than in 2007, reaching $830 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. The 4.1% rate of growth was the smallest year-to-year growth rate since 2003.
BTS reported that surface transportation trade with Canada and Mexico grew 8.6% during the first six months of 2008 compared to the same period in 2007. It declined 0.3% in the final six months and 9.4% in the October-to-December period compared to 2007.
Total North American surface transportation imports rose 2.7% in 2008 from 2007, and exports rose by 5.9% during the same period.
In 2008, 86% of US merchandise trade by value with Canada and Mexico moved on land. Total North American surface transportation trade value in 2008 was up 47.5% compared to 2003, and up 83.7% compared to 1998, a period of 10 years.
US–Canada surface transportation trade totalled $537 billion in 2008, up 5.1% compared to 2007. The value of imports carried by truck was 6.0% lower in 2008 than 2007 while the value of exports carried by truck was 2.4% higher.
Michigan led all states in surface trade with Canada in 2008 with $67.0 billion.
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