NAFTA Trade Hits Record High
WASHINGTON, DC — The value of U.S. trade with Canada and Mexico was $103.1 billion in October, exceeding the $100 billion mark for the first month on record, according to the U.S. Department of Transportation.
NAFTA trade rose 4.5 percent in October 2013 when compared to October 2012 and ground transportation hit an all-time high of $85.4 billion (of that, $61.4 billion was the worth of freight by truck and $15.9 billion by rail).
Despite the significant increase in trade between NAFTA partners, truck trade between Canada and the U.S. only rose by 0.7 percent.
For trade with Canada in October, trucks carried 53.5 percent of the $56.7 billion of freight, followed by rail at 16.5 percent, pipelines at 13.7 percent, vessel at 6 percent and air at 4.5 percent. The surface transportation modes of truck, rail and pipeline carried 83.8 percent of the total U.S.-Canada freight flows.
The top commodity transported between the states and Canada was mineral fuels, of which $7.8 billion was moved by pipeline.
The North American Free Trade Agreement (NAFTA) started in 1994 to create free trade between Canada, the U.S. and Mexico.