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Monthly Surface Trade with Canada and Mexico Up 1.7% in October

Monday, January 09, 2012
Sandler, Travis & Rosenberg Trade Report

U.S. monthly surface transportation trade in goods with NAFTA partners Canada and Mexico rose 1.7% in October after a 3.3% decline in September, according to statistics released Jan. 5 by the Department of Transportation. The October total of $79.0 billion was also up 12.0% from a year before. Over the last ten years total surface transportation trade with Canada and Mexico has risen 65.9%, including a 76.4% gain for exports and a 57.8% increase for imports.

Surface transportation includes freight movements by truck, rail, pipeline, mail, foreign-trade zones and other modes and in October accounted for 68.1% of U.S. trade by value with Canada and Mexico. Surface trade between the U.S. and Canada totaled $46.4 billion, up 0.7% from September and 14.1% from a year before. Exports gained 2.9% for the month and were up 11.9% from the previous October, while imports saw a 1.2% monthly decline but a 16.3% rise year-on-year. U.S.-Mexico surface transportation trade totaled $32.6 billion, up 3.2% from September and 9.1% from the previous year. Exports and imports were up 2.4% and 3.7%, respectively, for the month and increased 10.1% and 8.3% over October 2010.

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