New Data Shows US/Canada Surface Trade Has Recovered to Pre-Recession Levels

By: Elliott Smith
Good news for the North American economy: U.S.-Canada surface trade was up 4.3% in October 2012 when compared to the same period in the preceding year, according to a Journal of Commerce analysis of new figures released by the U.S. Bureau of Transportation Statistics.
U.S.-Canada Trade Has Recovered to Pre-Recession levelsThe data set released by BTS reveals that surface trade across the U.S.-Canada border has recovered to pre-recession levels, matching the $48 billion monthly October figure last seen in 2007. Surface trade, according to BTS, is essentially all trade conducted on land – it excludes vessels and air cargo but “includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones.”
Locally, the news is very encouraging. Trade between Washington state and Canada was up 13.9% in October 2012 compared to the previous year. Washington remained the #8 U.S. state for surface trade with Canada in the period measured. Michigan retained the #1 spot, unsurprising as vehicles are the #1 commodity traded between the two countries. In a further encouraging sign of recovery Michigan posted an 18.5% increase in trade with Canada in the time period measured. No matter how you parse the data, it’s great news: trade is up across the Canada-U.S. border.
TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.
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