March 27, 2014 11:30 AM, EDT
Nafta Trade Value Decreases 0.2% in January

U.S. trade with Canada and Mexico in January decreased by 0.2% from 2013, the first year-to-year decline since June 2013, the Bureau of Transportation Statistics reported March 27.

Trucks carried 59.5 % of the $90.3 billion U.S.-Nafta trade in January, accounting for $28 billion of exports and $25.7 billion of imports. Trade by truck essentially was unchanged year-over-year, and rail declined 4.2%.

The value carried by each of the surface modes — truck, rail and pipeline — increased year-over-year, and the value of airfreight moved dipped by 1%. Water transport declined by 2.4%, BTS said.

Vehicles were the top commodity moved by truck between the United States and Canada, accounting for $66.1 billion in exports and imports last year.

U.S. trade with Canada declined 3.4 % in January 2014 compared with the year prior, and trade with Mexico increased 3.9 % in January 2014 from the same time in 2013.

U.S.-Canada trade for the month was affected by severe weather in January, contributing to a decline. Trade using truck, the largest mode, declined 4.9 %, and rail dropped 9.9 %.

Trade with Mexico increased from last year, the seventh consecutive increase from the same month of the previous year.