Imports by rail from Mexico into the U.S. showed a large increase in January 2013, jumping over 18 percent to $2.57 billion from $2.17 billion in January 2012, according to data obtained from the Bureau of Transportation Statistics.
Despite the year-over-year gain, imports dropped 17.2 percent or $532 million from the month before. Since November, the value of rail imports in this trade lane has dropped by 24 percent or $809 million. In 2012, the value of rail imports from Mexico to the U.S. rose by over 14 percent from 2011.
The value of U.S. imports by truck from Mexico in January 2013 inched up 0.7 percent to $14.39 billion year-over-year and rose 9.8 percent or $1.28 billion from the level seen in December 2012. The value of imports by truck in this lane was up almost 9 percent year-over-year in 2012.
Exports by truck from the U.S. to Mexico grew in January, rising 7 percent year-over-year and 22.5 percent month-to-month to $12.24 billion. January’s increase almost negated the 23.9 percent decline in the preceding two months. In 2012, the value of exports by truck rose 10.3 percent year-over-year.
The value of rail exports to Mexico fell 7.6 percent in January from the year before to $2.09 billion, although it did rise 2.6 percent or $54 million from the level seen in December 2012. The value of exports by rail grew 11 percent year-over-year in 2012.
BTS noted in a press release last week that five of the top 10 U.S. states that took part in surface trade with Mexico in 2012 saw double-digit increases over 2011.