U.S. cross-border imports from North American Free Trade Agreement partners Mexico and Canada via rail soared in May 2013, according to data from the U.S. Bureau of Transportation Statistics. Truck imports declined, however, in May, keeping overall import growth to 1.6 percent year-over-year.
The value of May U.S. imports by rail from its NAFTA partners climbed 13.4 percent year-over-year to $9.49 billion. However, May’s value inched down 0.9 percent from $9.57 billion in April. January-May 2013 rail import value was up 8.5 percent from the first five months of 2012.
U.S. truck imports from its NAFTA partners declined 1.7 percent to $28.87 billion in May, down from $29.37 billion in May 2012. Month-to-month, U.S. imports by truck from NAFTA partners rose 1 percent. The value of January-May 2013 imports by truck inched down 0.5 percent year-over-year.
The value of May U.S. exports by rail to Canada and Mexico increased 7.7 percent year-over-year in May and edged up 0.4 percent month-to-month to $5.43 billion. Rail export value for the first five months of 2013 increased 3 percent year-over-year.
The value of U.S. exports to NAFTA partners by truck rose 2 percent to $31.1 billion, up from $30.45 billion in May 2012, but slipped 1 percent from April. The combined value of January-May 2013 truck exports rose 2.3 percent year-over-year.