BTS reports surface trade with NAFTA partners is up 11 percent in June
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The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.0 percent in June 2011 compared to June 2010, coming in at $77.5 billion.
This represents a 0.3 percent bump from May’s $77.3 billion.
The BTS said that the value of U.S. surface transportation trade with Canada and Mexico in June rose 15.9 percent compared to June 2006 and up 59.0 percent compared to June 2001, with imports up 49.8 percent and exports up 71.2 percent.
Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, trail, and pipeline, mail and Foreign Trade Zones, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land. According to the BTS 84.8 percent of U.S. trade by value with Canada and Mexico moved on land in May, with 11.1 percent moving by vessel, and 4.1 percent by air.
The BTS said the value of U.S. surface transportation trade with Canada was up 9.7 percent year-over-year in June at $46.1 billion. Michigan paced all states in surface trade with Canada in June at $6.3 billion for a 6.1 percent annual gain.
The value of U.S. surface transportation trade with Mexico was up 12.8 percent year over year in June at $31.4 billion. Texas led all states in surface trade with Mexico in June at $11.1 billion, up 12.8 percent annually.
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