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North American surface trade up 6.6% year-over-year in June
Date:2012-08-31 Author:Eric Source:www.chinatrucks.com
www.chinatrucks.com: Trade using surface transportation between Canada, the US and Mexico was 6.6% higher in June than in June 2011, totalling $82.6 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. Adjusted for inflation and exchange rates, the June total was $61.0 billion in 2004 dollars, up 11.0% from June 2011.
BTS reported that the June value of US surface transportation trade with Canada and Mexico rose 11.4% from June 2008, seven months into the recession, and 62.8% from June 2009, at the end of the recession.
The value of US surface transportation trade with Canada and Mexico in June increased by 79.0% compared to June 2002. Imports in June were up 69.7% since June 2002, while exports were up 90.8%.
In June, 87.7% of US trade by value with Canada and Mexico moved via land, 8.3% moved by vessel, and 4.0% moved by air.
The value of US surface transportation trade with Canada and Mexico decreased 1.4% in June from May.
US-Canada surface transportation trade in June increased compared to June 2011 reaching $48.4 billion, a 5.0% increase.
In June, Michigan led all states in surface trade with Canada, at $6.5 billion, a 4.5% increase from June 2011. Of the top 10 states by value, California had the largest percentage increase over June 2011, at 55.1%. The largest commodity that is traded between California and Canada, vehicles, increased 171.6% from June 2011 to June 2012 to $1.66 billion.
The top commodity category transported between the US and Canada by surface modes of transportation in June was vehicles, valued at $9.9 billion.
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