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Friday, March 23, 2012

North-American trade value set a new record in 2011

According to the U.S. Bureau of Transportation Statistics (BTS), surface transportation trade between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico in 2011 reached the highest yearly amount since NAFTA went into effect in 1994.

Total value increased by 14.3 percent in 2011 compared to 2010, for a total of $904 billion in 2011. The 14.3 percent increase in trade was the third largest year-to-year increase for the years covered by these data. The $904 billion in U.S.-NAFTA trade was

U.S. - Canada surface transportation trade totaled $537.0 billion in 2011, an increase of 14.0 percent compared to 2010. Michigan led all states in surface trade with Canada in 2011 with $68.4 billion. Automotive vehicles accounted for $41.3 billion, 60.3 percent of total Michigan - Canada surface trade. Of the top 10 states for U.S.-Canada surface trade in 2011, Minnesota had the highest percentage change over 2010, a 41.6 percent increase.

The top commodity category transported between the U.S. and Canada by surface modes of transportation in 2011 was vehicles and vehicle parts (other than railway vehicles and parts) with $96.1 billion in trade. This U.S.-Canada trade in vehicle and vehicle parts was roughly split evenly between exports and imports, reflecting the interdependency of automotive plants on both sides of the border.

U.S. - Mexico surface transportation trade totaled $367.1 billion in 2011, an increase of 14.6 percent compared to 2010. Texas led all states in surface trade with Mexico in 2011 with $129.0 billion.

The top commodity transported between the U.S. and Mexico by surface modes of transportation in 2011 was electrical machinery with $80.5 billion in trade.

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