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Table 1
Value of U.S. Merchandise Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 1994–2005
Excel | CSV
1994 |
1,176 |
343 |
833 |
312 |
29.2 |
90.9 |
1,107 |
323 |
293 |
1995 |
1,328 |
380 |
948 |
338 |
28.6 |
89.1 |
1,219 |
349 |
311 |
1996 |
1,420 |
421 |
999 |
377 |
29.7 |
89.5 |
1,338 |
397 |
355 |
1997 |
1,560 |
475 |
1,084 |
426 |
30.5 |
89.6 |
1,522 |
464 |
416 |
1998 |
1,594 |
503 |
1,091 |
452 |
31.5 |
89.9 |
1,630 |
514 |
462 |
1999 |
1,720 |
559 |
1,161 |
501 |
32.5 |
89.7 |
1,771 |
575 |
516 |
2000 |
2,000 |
653 |
1,347 |
576 |
32.7 |
88.1 |
2,000 |
653 |
576 |
2001 |
1,870 |
614 |
1,256 |
547 |
32.8 |
89.2 |
1,905 |
625 |
558 |
2002 |
1,857 |
604 |
1,253 |
541 |
32.5 |
89.6 |
1,915 |
622 |
558 |
2003 |
1,983 |
629 |
1,354 |
563 |
31.7 |
89.4 |
1,996 |
633 |
566 |
2004 |
2,288 |
712 |
1,576 |
634 |
31.1 |
89.0 |
2,207 |
687 |
611 |
2005 |
2,575 |
790 |
1,785 |
698 |
30.7 |
88.4 |
2,371 |
727 |
643 |
Percent
change,
1994–2005 |
119.0 |
130.4 |
114.3 |
124.0 |
|
|
114.2 |
125.4 |
119.1 |
Annual
average growth rate (percents) |
7.4 |
7.9 |
7.2 |
7.6 |
|
|
7.2 |
7.7 |
7.4 |
NOTE: NAFTA = North American Free Trade Agreement. U.S.-NAFTA trading partners are Canada and
Mexico.
1 To compare economic changes
over time, current or nominal values of currencies must be deflated or
adjusted for inflation. In the United States, the Bureau of Economic Analysis
(BEA) establishes indices to calculate changes between years. These are used
to calculate real chained dollars. Annual changes in the indices are chained
(multiplied) together to form a time series. Chained dollars, instead of
merely reflecting inflation, capture the effect of relative changes in prices
and in the composition of output. They also better reflect cyclical
fluctuations in the economy. Chained
2000 dollars are the most current indices available from BEA for this
purpose.
SOURCE: U.S. Department of Transportation, Research and
Innovative Technology Administration, Bureau of Transportation Statistics,
based on data from the U.S. Department of Commerce, U.S. Census Bureau,
Foreign Trade Division, FT920 U.S. Merchandise Trade 1994-2005.
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