NAFTA Trade

When the U.S., Canada and Mexico implemented the North American Free Trade Agreement in 1994, it opened the door for open trade by ending tariffs on various goods and services and creating an even playing field for the three markets. Today, agricultural goods such as eggs, corn and meats; manufactured products such as auto parts; and raw materials such as steel and lumber flow freely across the borders, primarily by truck and rail.

The U.S. exported more than $280 billion in goods to Canada in 2011, making its northern neighbor the largest source for outgoing products.  U.S. imports, at more than $315 billion, make Canada the second-largest source of inbound goods after China.

Exports to and imports from Mexico set record highs in 2011, with exports reaching $198.4 billion and imports hitting $262.9 billion.

The combined $1.1 trillion in combined trade among the three partners make NAFTA the second-largest trade bloc in the world, second only to the 27-member European Union.

News & Analysis

Port of Veracruz.
02 Jan 2019
Mexico faces a wealth of uncertainty as it enters 2019, but it is unlikely to unravel the trade sector’s strength.
A Manitoulin truck.
17 Dec 2018
The Manitoulin Group of Companies acquired the book of business of one company and partnered with its parent company to broaden its coverage in northwest Canada.
A highway in Alaska.
11 Dec 2018
Port, rail, and highway projects are among 91 grants distributed by the US Department of Transportation, including for the extension of port berths and terminals and inland port rail access.
A Texas oil and gas well.
26 Nov 2018
The acquisition of a Houston-based logistics operator helps Manitoulin's forwarding arm link key energy markets in the United States and Canada to better serve international clients.
A Manitoulin truck.
06 Nov 2018
The addition of Express Havre St-Pierre helps 'build out' Manitoulin Transport's truckload and LTL service map in Quebec, especially in the province's rural areas, and complements its westward expansion.
Kansas City Southern Railway.
22 Oct 2018
Tight trucking capacity after the Mexico government introduced new regulations on truckers, along with congestion at the Pacific Coast Port of Manzanillo, have boosted Kansas City Southern's volume.

Commentary

Opening up the possibility of a break in free trade among the United States, Mexico, and Canada would be costly on many levels.

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