U.S. surface transportation trade with NAFTA partners (Mexico/Canada) grew by 4.1% in 2008

March 18, 2009 at 1:33 pm

(Source: USDOT’s Bureau of Transportation Statistics)

Surface transportation trade between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 4.1 percent higher in 2008 than in 2007, reaching $830 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.  The 4.1 percent rate of growth was the smallest year-to-year growth rate since 2003 (Table 1).

BTS, a part of the Research and Innovative Technology Administration (RITA), reported that surface transportation trade with Canada and Mexico grew 8.6 percent during the first six months of 2008 compared to the same period in 2007.  It declined 0.3 percent in the final six months and 9.4 percent in the October-to-December period compared to 2007. For 2008 data by month, see the BTS December North American Surface Freight press release athttp://www.bts.gov/press_releases/2009/bts010_09/html/bts010_09.html

Total North American surface transportation imports rose 2.7 percent in 2008 from 2007, and exports rose by 5.9 percent during the same period (Table 2). 

In 2008, 86 percent of U.S. merchandise trade by value with Canada and Mexico moved on land.   Total North American surface transportation trade value in 2008 was up 47.5 percent compared to 2003, and up 83.7 percent compared to 1998, a period of 10 years (Table 3). 

Click here to read the entire press release or click here to download the PDF report.  Shown below is the “Read-only” version of the PDF report.