Imports by rail into the U.S. from Mexico jumped 21.7 percent year-over-year in March 2013, according to data obtained from the U.S. Bureau of Transportation Statistics. Rail exports as well as both directions of truck traffic experienced declines.
Imports by rail reached $3.84 billion this March from $3.15 billion in March 2012. Rail import value from Mexico also climbed 23.5 percent from February. In the first quarter of 2013, the value of rail imports from Mexico into the U.S. rose 14.7 percent from the same period in 2012. Year-over-year traffic value in this lane has been increasing for 14 straight months.
The value of U.S. imports by truck from Mexico in March 2013 declined 5.6 percent year-over-year, to $15.73 billion, from $16.66 billion in March 2012. However import value increased 10.5 percent from the level seen in February. Imports by truck in this lane were down 3.3 percent through March compared to the level seen in the same three months of 2012.
Exports by rail to Mexico fell 5.4 percent year-over-year to $2.24 billion, the fourth consecutive decrease. This puts the value of exports by rail down 5.4 percent in the first three months of 2013 when compared with the same period in 2012. However, month-to-month rail exports increased 6.7 percent from $2.1 billion in February.
The value of exports by truck from the U.S. to Mexico dropped 4.3 percent year-over-year but increased more than 2 percent month-to-month to $11.67 billion in March. This was the first year-over-year decline in 2013 so far. The value of exports by truck is now only up by 1 percent in first three months of 2013 compared with the level seen in the same period in 2012.