NAFTA Surface Trade Down from Last Year, Up From Last Month
The Department of Transportation’s Bureau of Transportation Statistics released on Aug. 31 the North American Free Trade Agreement (NAFTA) trade data for June 2009. In June, the total value of NAFTA surface trade — goods moved by truck, rail or pipeline — was $50.8 billion, or 31 percent lower than in June 2008. However, surface trade rose 6 percent over May 2009, the first month-over-month rise in trade for the year. For the first half of 2009, total NAFTA surface trade fell 31 percent to $294.82 billion. Trucks continue to carry the bulk of that trade, moving $96 billion of the value of goods between the U.S. and Mexico and $117 billion between the U.S. and Canada for the first half of the year.
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Posted on Mon, September 14, 2009