Trade Resources Industry Views Canada and Mexico,Rose 7.9 Percent in October 2012 Compared to October 2011

Canada and Mexico,Rose 7.9 Percent in October 2012 Compared to October 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement(NAFTA)partners,Canada and Mexico,rose 7.9 percent in October 2012 compared to October 2011,totaling$85.3 billion,unadjusted for inflation,according to the Bureau of Transportation Statistics(BTS)of the US Department of Transportation.Adjusted for inflation and exchange rates,the October 2012 total was$61.7 billion in 2004 dollars,up 7.6 percent from October 2011.Surface transportation includes freight movements by truck,rail,pipeline,mail,other modes of transport,and goods moving into Foreign Trade Zones.In October,86.5 percent of U.S.trade by value with Canada and Mexico moved via land,9.5 percent moved by vessel,and 4.0 percent moved by air.

The value of US surface transportation trade with Canada and Mexico increased 9.8 percent in October 2012 from September 2012.

US-Mexico October 2012 trade reached$36.9 billion,a 13.1 percent increase from October 2011,while US-Canada trade was$48.4 billion,a 4.3 percent increase.

Source: http://www.steelorbis.com/steel-news/latest-news/surface-trade-in-the-us-rises-nearly-8-percent-in-october-733369.htm
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Surface Trade in The US Rises Nearly 8 Percent in October
Topics: Transportation