NAFTA Surface Trade Rose 4.6% in July
Surface trade among the United States, Canada and Mexico was 4.6% higher in July than the same month a year ago, the Department of Transportation said Thursday.
Trade among the North American Free Trade Agreement partners rose to $75.7 billion, DOT’s Bureau of Trade Statistics said in its monthly report.
Month-to-month trade, which is affected by seasonal factors, fell 8.4% from June, BTS said.
The 4.6% year-over-year gain is the smallest upturn since increases resumed in December 2009 and reflected lower energy costs.
U.S.-Canada trade rose 1% to $42.9 billion, while U.S.-Mexico trade rose 9.7% to $32.7 billion.
Truck imports to the United States from the two countries rose 5.9% year-over-year to $25.1 billion. Exports rose 5.5% to $27.3 billion.
Rail imports rose 7% to $8.2 billion and exports gained 9.6% to $4.8 billion. Pipeline imports fell 14.2% to $5.4 billion, while exports fell 5.7% to $750 million.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 90% of U.S. trade among NAFTA partners moves by land.
