North American Trade Growth Continued in 2007

BTS Productshttps://doi.org/10.21949/15015702009PDFResearch PaperBeningo, StevenMohamed, FahimUnited States. Department of Transportation. Bureau of Transportation StatisticsUnited States. Department of Transportation. Bureau of Transportation StatisticsCanadaMexicoUnited StatesInternational tradeStatisticsTables (Data)SR-011Trade between the United States and its North American Free Trade Agreement (NAFTA) partners\u2014Canada and Mexico\u2014has more than doubled in dollar value since the inception of NAFTA in 1994. In 2007, U.S. trade with Canada and Mexico reached $909 billion\u2014a 5 percent increase over the prior year's total trade value. Since 2001, U.S.-NAFTA trade has grown by an average annual rate of 7 percent. This report examines the rapid growth rates, modal distribution, top gateways, and major commodities of U.S.-NAFTA trade and looks at U.S.-NAFTA trade volume by state.123