(STR Trade Report)
The Department of Transportation is expanding its monthly reports on the value of trade between the U.S., Canada and Mexico to include shipments by air and vessel. Previously these reports focused on trade by surface transportation, which includes trucks, rail and pipeline. Statistics released March 27 reveal the following information.
Trucks carried 59.3% of the $90.5 billion in trade between the three NAFTA partners in January 2013, followed by rail at 14.3%, vessels at 9.8%, pipelines at 8.1% and air at 3.8%. The value of total U.S. trade with its NAFTA partners by all modes of transportation:
- rose 6.9% in January from the month before, including increases of 11.8% for trucks and 29.0% for pipelines along with decreases of 5.8% for rail, 3.2% for vessels and 6.4% for air;
- grew 3.5% from January 2012 to January 2013, including increases of 3.0% for trucks, 4.8% for rail, 3.2% for vessels and 1.5% for air and a decrease of 0.9% for pipeline; and
- was up 76.5% in January 2013 compared to January 2004, including a 66.5% rise in imports and a 90.3% gain in exports.
U.S.-Canada trade totaled $51.0 billion in January, including 53.1% carried by truck, 16.2% by rail, 13.9% by pipeline, 6.1% by vessel and 4.4% by air. For the month there were increases in the value of freight carried by truck (8.6%) and pipeline (30.5%) but decreases for rail (3.7%), vessel (9.1%) and air (8.5%). For the year ending in January there were gains in the value of freight carried by truck (2.5%), rail (4.6%), vessel (27.3%) and air (3.5%) but a decrease for pipeline (1.0%).
U.S.-Mexico trade totaled $39.5 billion in January, including 67.4% carried by truck, 14.5% by vessel, 11.8% by rail, 3.1% by air and 0.7% by pipeline. For the month there were increases in the value of freight carried by truck (15.3%), pipeline (1.1%) and vessel (0.3%) but decreases for rail (9.3%) and air (2.3%). For the year ending in January there were gains in the value of freight carried by truck (3.5%), rail (5.1%) and pipeline (0.7%) but decreases for vessel (6.3%) and air (2.1%).
Date: March 28, 2013