NAFTA Trade Hits Record High in March Mark Szakonyi - The Journal of Commerce
go to original May 31, 2012

The value of surface transportation trade between the U.S. and Canada and Mexico hit a monthly record in March, topping $85.7 million.

Trade by value between the countries rose 9.8 percent from February and 6.2 percent year-over-year, according to the Department of Transportation. U.S surface trade with Canada and Mexico has risen 76.1 percent since March 2002, as exports jumped 104.5 percent in the same period.

In March, 86.2 percent of U.S. trade by value with its neighbors moved via land, 9.8 percent by vessel and 4 percent by air. The top U.S. trade commodity with Canada was motor vehicles, valued at $9.8 billion. Electrical machinery, valued at $7.6 billion, was the top transport commodity between U.S. and Mexico.

Michigan led the nation in trade with Canada, as value of commodities over the border rose 3 percent year-over-year to $6.3 billion. Texas was the top recipient of trade with Canada, with commodity transport in March up 11.5 percent year-over-year to $12.6 billion.

Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @szakonyi_joc.

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