US/Canada surface trade up in November
WASHINGTON, D.C. — Surface trade between the US and its North American neighbours Canada and Mexico was up 8.6% in November compared to the previous year.
The latest figures from the Bureau of Transportation Statistics (BTS) in the US indicated surface trade between the US and its NAFTA partners reached US$70.4 billion. That fell 5.2% from October, 2007.
Surface trade consists largely of freight movements by truck, rail and pipeline. About 90% of US trade by value with Canada and Mexico moves by land. Compared to November, 2002, the value of US surface trade with its NAFTA partners surged 51.9% and it’s up 91.3% since November, 1997.
US/Canada surface transportation trade reached US$45.2 billion in November, up 11.5% compared to November, 2006. The value of Canadian exports into the US carried by truck was up 4.9% in November of 2007 compared to the previous year. Meanwhile the value of US exports into Canada was up 15.1%.
Michigan led all US states in surface trade with Canada totaling US$7.3 billion.
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