DOT Says Surface Trade with Canada and Mexico Rose Faster in October
January 7 , 2010
World Trade/Interactive
The Department of Transportation reports that the recent increase in U.S. surface transportation trade in goods with NAFTA partners Canada and Mexico accelerated in October, rising 7.2% from September. The $61.4 billion total represented a 15.5% drop from October 2008. Surface transportation consists largely of freight movements by truck, rail and pipeline and accounts for about 88% of U.S. trade by value with Canada and Mexico.
Surface trade between the U.S. and Canada totaled $36.3 billion in October, up $1.5 billion from September but down 19.0% from October 2008. Exports by truck fell 9.5% by value from the previous year while imports by truck declined 15.8%. U.S.-Mexico surface transportation trade totaled $25.1 billion, up $2.6 billion from the previous month but down 10.0% from a year before. Exports by truck dropped 13.5% by value while imports by truck fell 4.2%.
According to the DOT, the value of U.S. surface transportation trade with Canada and Mexico in October was up 7.9% compared to October 2004 and 34.7 % from October 1999, including a 38.1% increase for exports and a 31.9% rise for imports.
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