July 2009 [US] Surface Trade with Canada....

October 2, 2009

2 October 2009

July 2009 [US] Surface Trade with Canada and Mexico Fell 28 Percent from July 2008

The following is excertped from the 30 September 2009 news release by US Bureau of Transportation Statistics.

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 28 percent lower in July 2009 than in July 2008, dropping to $51.5 billion in the seventh consecutive month with a year-to-year decline of greater than 27 percent, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.

BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico rose 1.6 percent in July 2009 from June 2009. Month-to-month changes can be affected by seasonal variations and other factors.

Surface transportation consists largely of freight movements by truck, rail and pipeline. About 88 percent of U.S. trade by value with Canada and Mexico moves on land.

U.S.–Canada surface transportation trade totaled $31.0 billion in July, down 33.8 percent compared to July 2008. The value of imports carried by truck was 29.0 percent lower in July 2009 compared to July 2008, while the value of exports carried by truck was 24.3 percent lower during this period.

Illinois led all states in surface trade with Canada in July with $3.1 billion.

The BTS data is available on its website at: http://www.bts.gov/press_releases/2009/bts046_09/html/bts046_09.html#table_04.

World Economy & Politics
Information Source: 
Canadian News Channel / International News Channel
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