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NAFTA Surface Trade Statistics for March are Up But Mixed

NAFTA Surface Trade Statistics for March are Up But Mixed

6/1/2010

 

March 2010 North American Free Trade Agreement (NAFTA) surface transportation trade was 37 percent higher in March 2010 than in March 2009, the largest year-over-year rise on record. NAFTA trade was $69.9 billion in March 2010, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. However, freight value in March 2010 still remained 1.2 percent less than the value in March 2008.  The value of U.S. surface transportation trade with Canada and Mexico rose 17.6 percent in March 2010 from February 2010. U.S.-Canada surface transportation trade totaled $42.1 billion in March, up 35.6 percent compared to March 2009. U.S.-Mexico surface transportation trade totaled $27.8 billion in March, up 39.1 percent compared to March 2009.  Surface transportation consists largely of freight movements by truck, rail and pipeline. In March, 86.9 percent of U.S. trade by value with Canada and Mexico moved on land.