BTS Releases North American Surface Trade Numbers for March:
Posted: Tue May 31, 2011 1:18 pmBTS Releases North American Surface Trade Numbers for March: March 2011 Surface Trade with Canada and Mexico Topped $80 Billion for First Time on Record
(State Rankings in Tables 5 and 7)
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 15.6 percent higher in March 2011 than in March 2010, reaching $80.8 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation. March 2011 was the highest month since collection of data began in 1994, beating the previous record set in April 2008 by 8.8 percent, not adjusted for inflation.
BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico in March 2011 rose 58.3 percent in two years from March 2009. Trade value in March 2011 was up 14.2 percent from the early recession level of March 2008. See Transborder Press Releases for historic data. Values in this press release are not adjusted for inflation.
Freight value in March rose 21.5 percent from February 2011. Month-to-month changes can be affected by seasonal variations and other factors.
U.S.–Canada surface transportation trade totaled $48.7 billion in March, up 15.7 percent compared to March 2010. U.S.–Mexico surface transportation trade totaled $32.1 billion in March, up 15.3 percent compared to March 2010.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones and other. In March, 85.8 percent of U.S. trade by value with Canada and Mexico moved on land, 9.8 percent moved by vessel, and 4.4 percent moved by air.
(State Rankings in Tables 5 and 7)
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 15.6 percent higher in March 2011 than in March 2010, reaching $80.8 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation. March 2011 was the highest month since collection of data began in 1994, beating the previous record set in April 2008 by 8.8 percent, not adjusted for inflation.
BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico in March 2011 rose 58.3 percent in two years from March 2009. Trade value in March 2011 was up 14.2 percent from the early recession level of March 2008. See Transborder Press Releases for historic data. Values in this press release are not adjusted for inflation.
Freight value in March rose 21.5 percent from February 2011. Month-to-month changes can be affected by seasonal variations and other factors.
U.S.–Canada surface transportation trade totaled $48.7 billion in March, up 15.7 percent compared to March 2010. U.S.–Mexico surface transportation trade totaled $32.1 billion in March, up 15.3 percent compared to March 2010.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones and other. In March, 85.8 percent of U.S. trade by value with Canada and Mexico moved on land, 9.8 percent moved by vessel, and 4.4 percent moved by air.