N.A. surface trade passes $80 billion in August
www.chinatrucks.com: Trade using surface transportation between Canada, the US, and Mexico was 18.3% higher in August than in August 2010, totalling $80.4 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. This was the second time on record that US-NAFTA trade by land modes exceeded $80 billion in one month - the first time was in March.
BTS reported that the value of US surface transportation trade with Canada and Mexico rose 48.2% in August since August 2009 and 11.3% since August 2008.
The value of US surface transportation trade with Canada and Mexico in August increased by 21.2% when compared to August 2006, and also increased by 70.6% when compared to August 2001. Imports in August were up 59.7% since August 2001, while exports were up 84.8%.
The value of US surface transportation trade with Canada and Mexico increased 11.1% in August from July.
US-Canada surface transportation trade increased compared to August 2010 with reaching $47.5 billion, a 19.1% increase.
In August trade by state, Michigan led all states in surface trade with Canada as it has in previous years, at $6.4 billion, a 19.3% increase from August 2010.
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