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Nafta Trade Drops by Most This Year
U.S. trade with Canada and MexicoÌýdropped in April by the most this year, and freight carried by trucks declined, the Bureau of Transportation Statistics reported June 25.
Truck freight dipped 0.9% as total trade declined 6.8% to $93.3 billion.
Trucks carried 64.2% of the trade among North American Free Trade Agreement partners, making them the most heavily used mode of moving goods to and from Canada and Mexico.
The decline in April follows a 5.3% drop the prior month that was due in part to the reduced price of mineral fuel shipments, according to BTS.
Trucks transported $30 billion of exports and $29.8 billion of imports among the Nafta partners.
U.S.-Canada trade for the month by truck declined 6.6%, and rail dropped 6.3%. Trucks carried 58% of the $48.8 billion in freight to and from Canada.
Trade with Mexico by truck increased 4.9% from last year and accounted for 70.9% of the $44.5 billion of freight moved to and from the country.
Nafta trade by pipeline dropped by 44.9% to $4.8 billion, and ship trade declined 22.8% to $6.1 billion.