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Monthly Surface Trade with Canada and Mexico Down 3.3% in September

Thursday, December 01, 2011
Sandler, Travis & Rosenberg Trade Report

U.S. monthly surface transportation trade in goods with NAFTA partners Canada and Mexico fell 3.3% in September after an 11.1% gain in August, according to statistics released Nov. 29 by the Department of Transportation. The September total of $77.7 billion was up 13.8% from a year before. Over the last ten years total surface transportation trade with Canada and Mexico has risen 83.0%, including a 99.0% gain for exports and a 71.3% increase for imports.

Surface transportation includes freight movements by truck, rail, pipeline, mail, foreign-trade zones and other modes and in September accounted for 85.6% of U.S. trade by value with Canada and Mexico. Surface trade between the U.S. and Canada totaled $46.1 billion, down 2.9% from August but up 14.7% from a year before. Exports fell 4.5% for the month but were up 10.3% from the previous September, while imports saw a 1.4% monthly decline but an 18.8% rise year-on-year. U.S.-Mexico surface transportation trade totaled $31.6 billion, down 4.0% from August but 12.5% higher than the previous year. Exports and imports were down 6.0% and 2.3%, respectively, for the month but rose 16.8% and 9.2% over September 2010.

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