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May 2008 Surface Trade with Canada and Mexico Rose 6.8 Percent from May 2007(State Rankings in Tables 5 and 7)
Thursday, July 31, 2008 - Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 6.8 percent higher in May 2008 than in May 2007, reaching $74.1 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation (Table 1). The value of U.S. surface transportation trade with Canada and Mexico fell 0.3 percent in May from April (Table 2). Month-to-month changes can be affected by seasonal variations and other factors. Surface transportation consists largely of freight movements by truck, rail and pipeline. About 88 percent of U.S. trade by value with Canada and Mexico moves on land. The value of U.S. surface transportation trade with Canada and Mexico in May was up 51.9 percent compared to May 2003, and up 93.9 percent compared to May 1998, a period of 10 years (Table 3). Imports in May were up 101.6 percent compared to May 1998, while exports were up 84.9 percent. U.S. Surface Transportation Trade with CanadaU.S.–Canada surface transportation trade totaled $48.9 billion in May, up 10.5 percent compared to May 2007 (Table 4). The value of imports carried by truck was 6.2 percent lower in May 2008 than May 2007, while the value of exports carried by truck was 10.0 percent higher. Michigan led all states in surface trade with Canada in May with $5.9 billion (Table 5). U.S. Surface Transportation Trade with MexicoU.S.–Mexico surface transportation trade totaled $25.2 billion in May, up 0.2 percent compared to May 2007 (Table 6). The value of imports carried by truck was 0.9 percent higher in May 2008 than May 2007 while the value of exports carried by truck was 3.6 percent lower. Texas led all states in surface trade with Mexico in May with $8.1 billion (Table 7). The TransBorder Freight Data are a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. New data are tabulated monthly and historical data are not adjusted for inflation. May TransBorder numbers include data received by BTS as of July 11. The news release and summary tables can be found at www.bts.gov. More information on TransBorder Freight Data and data from previous months are posted on the BTS website at http://www.bts.gov/transborder/. BTS will release June TransBorder numbers on Aug. 28. Table 1. Value of Monthly U.S. Surface Transportation Trade with Canada and Mexico(millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Note: Numbers may not add to totals due to rounding. Percent changes based on numbers prior to rounding. Table 2. U.S. Surface Trade with Canada and Mexico by Mode of Transportation(millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Notes: Numbers may not add to totals due to
rounding. Percent changes based on numbers prior to
rounding. The value of trade for all
surface modes is not equal to the sum of truck, rail and pipeline modes,
it also includes shipments made by mail, foreign trade zones, other and
unknown modes of transportation. For additional detail refer to the
“Data Fields” Section of the TransBorder web page: http://www.bts.gov/transborder/TBDR_DataFields.html. Table 3. May 2008 Surface Trade with Canada and Mexico Compared with May of Prior Years
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Table 4. U.S. Surface Trade with Canada by Mode of Transportation(millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Note: Numbers may not add
to totals due to rounding. Percent
changes based on numbers prior to rounding. The value of trade for all surface modes is not equal to the sum
of truck, rail and pipeline modes, it also includes shipments made by mail,
foreign trade zones, other and unknown modes of transportation. For
additional detail refer to the “Data Fields” Section of the TransBorder web
page: http://www.bts.gov/transborder/TBDR_DataFields.html. Table 5. Top 10 States Trading with Canada by Surface Modes of TransportationRanked by May 2008 Surface Trade Value (millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Table 6. U.S. Surface Trade with Mexico by Mode of Transportation(millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ Note: Numbers may not add to totals due to rounding. Percent changes based on numbers prior to rounding. The value of trade for all surface modes is not equal to the sum of truck, rail and pipeline modes, it also includes shipments made by mail, foreign trade zones, other and unknown modes of transportation. For additional detail refer to the “Data Fields” Section of the TransBorder web page: http://www.bts.gov/transborder/TBDR_DataFields.html Table 7. Top 10 States Trading with Mexico by Surface Modes of TransportationRanked by May 2008 Surface Trade Value (millions of dollars)
Source: BTS TransBorder Freight Data, http://www.bts.gov/transborder/ |
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