United States Department of Transportation
i
U.S.-North American Trade and Freight Transportation Highlights: Transborder Freight Data
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2005-06-01
[PDF-765.23 KB]
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Abstract:In 2004, the value of U.S. merchandise trade with Canada and Mexico rose 13 percent over the previous year's total to an all-time high of $712 billion. Using chained 2000 dollars to adjust for inflation, this trade grew by 8 percent from 2003 to 2004 (table 1 and box 1). Once again, U.S.-North American trade amounted to nearly one-third of total U.S.-international merchandise trade, which reached an historic high of $2.3 trillion in 2004. This growth in U.S. merchandise trade with Canada and Mexico highlights the growing demands on infrastructure and transportation facilities at key land gateways and the expansion of major transportation corridors traversing our northern and southern borders. In the 10 years following the 1994 inception of the North American Free Trade Agreement, growth in the value of U.S.-NAFTA trade has more than doubled in both current dollars and inflation-adjusted terms.
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