Thursday, November 8, 2012

Freight Trade Increase between US and NAFTA Partners despite Canadian Import Decline

BTS Figures in Full Here
Shipping News Feature

US – CANADA – MEXICO – Last week saw the latest freight trade figures from the US Bureau of Transportation Statistics (BTS) showing that trade using surface transportation, which includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones, between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, up by 2.6% in August 2012 compared to the previous year, a total of $82.5 billion (unadjusted for inflation).

BTS, a part of the Research and Innovative Technology Administration, reported that the August 2012 value of US surface transportation trade with Canada and Mexico had risen 52% from August 2009, shortly after the end of the last recession. The value of US surface transportation trade with Canada and Mexico in August increased by 76.5% compared to a decade previously (August 2002). Imports in August were up 63.2% since August 2002, while exports were up 94.2%.

In August, 87.2% of U.S. trade by value with Canada and Mexico moved via land (road, rail and pipeline), 8.9% moved by vessel, and 3.9% moved by air. US - Mexico August 2012 trade reached $35.5 billion, a 7.8% increase from August 2011, while US-Canada trade was $47 billion, a 1% decrease due to a lessening in import traffic from Canada. For the 12-month period ending in August 2012, US trade by surface transportation has followed a similar trend with Mexican trade showing an overall increase, while U.S. trade with Canada decreased.

Full trade via surface transport figures can be seen HERE.