Wednesday, October 12, 2005

July Surface Trade with Canada and Mexico Rose 3.3 Percent from July 2004

Tuesday, October 11, 2005 - Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico rose 3.3 percent in July 2005 from July 2004 to a total of $49.7 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation (Table 1).

BTS, a part of the Research and Innovative Technology Administration (RITA), reported that total North American surface transportation trade fell 16.4 percent in July from June (Table 2). Month-to-month changes can be affected by seasonal variations and other factors. Trucks carried 64 percent of imports and 79 percent of exports by value.

Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90 percent of U.S. trade by value with Canada and Mexico moves on land.

Total North American surface transportation trade value in July was up 20.0 percent compared to July 2002, and up 94.7 percent compared to July 1995, a period of 10 years (Table 3).

Imports in July were up 107.4 percent compared to July 1995, while exports were up 79.6 percent.

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