U.S.-NAFTA Trade up 7.9 Percent in October, With Biggest Increase With Mexico
Trade using surface transportation between the U.S. and Canada and Mexico was 7.9 percent higher in October 2012 than in October 2011, at $85.3 billion, said the Bureau of Transportation Statistics. Adjusted for inflation and exchange rates, the October 2012…
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total was $61.7 billion in 2004 dollars, up 7.6 percent from October 2011, BTS said. Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and other modes of transport. The value of U.S. surface transportation trade with Canada and Mexico increased 9.8 percent in October 2012 from September 2012, possibly due to seasonal variations and other factors. U.S. surface trade with Mexico has increased at a faster pace than with Canada, according to BTS figures. U.S.-Canada trade reached $48.4 billion in October, up 4.3 percent over October 2011, while U.S.-Mexico trade was $36.9 billion, a 13.1 percent increase from the previous October. The top commodity category transported between the U.S. and Canada by surface modes of transportation in October was vehicles, valued at $9.8 billion. The top commodity transported between the U.S. and Mexico that month was electrical machinery, valued at $8.2 billion, BTS said.