NAFTA Trade Grows 18.1 Percent in July
The following is from the 27 September 2011 edition of The Journal of Commerce.
Cross-border trade value fell 6.7 percent from previous month
The value of cross-border surface trade between the U.S., Canada and Mexico rose 18.1 percent year-over-year in July, the Transportation Department said.
Cross-border trade value declined 6.7 percent from June. Month-to-month changes can be affected by seasonal variations and other factors.
U.S.-Canada trade totaled $42.5 billion, up 17 percent year-over-year. U.S.-Mexico trade increased 19.7 percent to $29.9 billion. The value of cross-border trade in July was up 40.4 percent from its recession level of July 2009 but was only 1 percent above its July 2008 level.
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