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NAFTA Trade Up 19.5% in January

Posted by Genie Wood on Thu, Mar 31, 2011 @ 04:56 AM

NAFTA trade in January was 19.5 percent higher than the year before.

According to the Bureau of Transportation Statistics of the United States Department of Transportation, trade using surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, was 19.5 percent higher in January 2011 than in January 2010. Trade in January this year reached $67.7 billion.

The Bureau of Transportation Statistics, a part of the Research and Innovation Technology Administration, reported that the value of U.S. surface trade with Canada and MExico in January 2011 rose 42.7 percent in two years from January 2009, which had the lowest amount of trade of any month since January 2004 at $47.5 billion. Trade value this year was up 4.0 percent from the early recession level of January 2008.

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