JOC Staff | Jan 04, 2013 1:05PM EST
Surface transportation trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, jumped 7.6 percent year-over-year in October and 9.8 percent from September.
Adjusted for inflation and exchange rates, trade in October hit $61.7 billion, in 2004 dollars, according to the Transportation Department. The value of U.S. surface trade with Mexico and Canada was up 38.9 percent from October 2009, shortly after the end of the last recession.
U.S.-Canada trade in October rose 4.3 percent year-over-year to $48.4 billion, while U.S. trade with Mexico increased 13.1 percent to $36.9 billion in the same period. In October, 86.5 percent of U.S. trade by value with its neighbors moved via land, 9.5 percent by ship and 4 percent by air.
Texas continued to lead the states in surface trade with Mexico in October, with the value of commodities transported over the border rising 20 percent year-over-year to $13.6 billion. Michigan continued to lead the U.S. in surface trade with Canada, as the value of goods over the border with its northern neighbor rose 18.5 percent to $6.8 billion.
The top U.S. trade commodity with Canada was vehicles, valued at $9.8 billion. Electrical machinery, valued at $8.2 billion, was the top transport commodity between U.S. and Mexico.