NAFTA numbers finally improve
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 10.5 percent higher in Dec. 2009 than in Dec. 2008, with a value of $58.5 billion, according to the Bureau of Transportation Statistics (BTS).
The increase was the first over the same month of the previous year since Sept. 2008, but the value of trade in December still remained 4 percent below the value in Dec. 2007.
BTS reported that the value of U.S. surface transportation trade with Canada and Mexico fell 0.8 percent in Dec. 2009 from Nov. 2009.
The value of U.S. surface transportation trade with Canada and Mexico in December was up 12.3 percent compared to Dec. 2004, and up 36.6 percent compared to Dec. 1999, a period of 10 years. Imports in December were up 37 percent compared to Dec. 1999, while exports were up 36.2 percent.
U.S.–Canada surface transportation trade totaled $35.4 billion in December, up 7.8 percent compared to Dec. 2008. The value of imports carried by truck was 2.3 percent lower in Dec. 2009 compared to Dec. 2008, while the value of exports carried by truck increased 11.2 percent during this period.
U.S.–Mexico surface transportation trade totaled $23.0 billion in December, up 15 percent compared to December 2008. The value of imports carried by truck was 15.5 percent higher in Dec. 2009 than Dec. 2008 while the value of exports carried by truck was 10.4 percent higher.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- Host families prepare for Mississippi Braves’ season
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Ridgeland property rights tussle is expected to have wide impact
- Starkville's Cotton Mill Marketplace hotel breaks ground Wednesday
- Two new casinos like the odds on Mississippi Gulf Coast
- PHIL HARDWICK: When will Mississippi change its culture?
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- DAVID DALLAS — Roger Wicker: Profile in discouragement