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2009 NAFTA Trade Fell 23.3 Percent From 2008

2009 NAFTA Trade Fell 23.3 Percent From 2008

3/23/2010

 

The Bureau of Transportation Statistics of the U.S. Department of Transportation announced March 19 that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners decreased by 23.3 percent in 2009 compared to 2008, dropping to $637 billion. The 23.3 percent decline in trade was the largest year-to-year decline for the 15 years since NAFTA went into effect in 1994. Surface transportation trade between the U.S. and Canada totaled $386 billion in 2009, a decrease of 28.1 percent compared to 2008. Similarly, trade between the U.S. and Mexico totaled $251 billion last year, a decrease of 14.4 percent compared to 2008. In 2009, 86.6 percent of U.S. merchandise trade by value with Canada and Mexico moved on land. Total North American surface transportation trade value in 2009 increased 0.5 percent compared to 2004, and was up 27 percent compared to 1999.