2009 Surface Trade with Canada and Mexico Fell 23.3 Percent from 2008
The Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation today announced that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico decreased by 23.3 percent in 2009 compared to 2008, dropping to $637 billion. The 23.3 percent decline in trade was the largest year-to-year decline for the 15 years covered by these data. NAFTA went into effect in 1994.
BTS, a part of the Research and Innovative Technology Administration (RITA), reported that the value of trade by surface transportation with Canada and Mexico decreased by 31.1 percent during the first six months of 2009 compared to the same period in 2008. It decreased by 14.9 percent in the final six months of the year but increased by 10.5 percent in December compared to December 2008.
U.S. - Canada surface transportation trade totaled $386 billion in 2009, a decrease of 28.1 percent compared to 2008. U.S.–Mexico surface transportation trade totaled $251.0 billion in 2009, a decrease of 14.4 percent compared to 2008.
In 2009, 86.6 percent of U.S. merchandise trade by value with Canada and Mexico moved on land. Total North American surface transportation trade value in 2009 increased 0.5 percent compared to 2004, and was up 27.0 percent compared to 1999, a period of 10 years.
See BTS Annual Transborder Release (http://www.bts.gov/press_releases/2010/bts013_10/html/bts013_10.html) for summary tables, state rankings and additional data. See North American Transborder Freight Data (http://www.bts.gov/programs/international/transborder/) for historic data. For 2009 data by month, see the BTS December 2009 North American Surface Freight press release (http://www.bts.gov/press_releases/2010/bts010_10/html/bts010_10.html).
| < Prev | Next > |
|---|
