Table 1 - Value of U.S. Merchandise Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 19942005
Table 1 - Value of U.S. Merchandise Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 19942005
| Total U.S. international merchandise trade (Billions of current U.S. dollars) |
U.S. trade with NAFTA partners (Billions of current U.S. dollars) |
U.S trade with non-NAFTA partners (Billions of current U.S. dollars) |
U.S.-NAFTA trade by land modes (Billions of current U.S. dollars) |
Ratio of U.S. trade with NAFTA partners to total U.S trade (Percents) |
Ratio of U.S trade by land modes to U.S.-NAFTA trade by all modes (Percents) |
Total U.S. international merchandise trade (Billions of chained 2000 U.S. dollars)1 |
U.S. trade with NAFTA partners (Billions of chained 2000 U.S. dollars)1 |
U.S.-NAFTA trade by land modes (Billions of chained 2000 U.S. dollars)1 |
|
|---|---|---|---|---|---|---|---|---|---|
| 1994 | 1,176 | 343 | 833 | 312 | 29.2 | 90.9 | 1,107 | 323 | 293 |
| 1995 | 1,328 | 380 | 948 | 338 | 28.6 | 89.1 | 1,219 | 349 | 311 |
| 1996 | 1,420 | 421 | 999 | 377 | 29.7 | 89.5 | 1,338 | 397 | 355 |
| 1997 | 1,560 | 475 | 1,084 | 426 | 30.5 | 89.6 | 1,522 | 464 | 416 |
| 1998 | 1,594 | 503 | 1,091 | 452 | 31.5 | 89.9 | 1,630 | 514 | 462 |
| 1999 | 1,720 | 559 | 1,161 | 501 | 32.5 | 89.7 | 1,771 | 575 | 516 |
| 2000 | 2,000 | 653 | 1,347 | 576 | 32.7 | 88.1 | 2,000 | 653 | 576 |
| 2001 | 1,870 | 614 | 1,256 | 547 | 32.8 | 89.2 | 1,905 | 625 | 558 |
| 2002 | 1,857 | 604 | 1,253 | 541 | 32.5 | 89.6 | 1,915 | 622 | 558 |
| 2003 | 1,983 | 629 | 1,354 | 563 | 31.7 | 89.4 | 1,996 | 633 | 566 |
| 2004 | 2,288 | 712 | 1,576 | 634 | 31.1 | 89.0 | 2,207 | 687 | 611 |
| 2005 | 2,575 | 790 | 1,785 | 698 | 30.7 | 88.4 | 2,371 | 727 | 643 |
| Percent
change, 19942005 |
119.0 | 130.4 | 114.3 | 124.0 | 114.2 | 125.4 | 119.1 | ||
| Annual average growth rate (percents) | 7.4 | 7.9 | 7.2 | 7.6 | 7.2 | 7.7 | 7.4 |
NOTE: NAFTA = North American Free Trade Agreement. U.S.-NAFTA trading partners are Canada and Mexico.
1 To compare economic changes over time, current or nominal values of currencies must be deflated or adjusted for inflation. In the United States, the Bureau of Economic Analysis (BEA) establishes indices to calculate changes between years. These are used to calculate real chained dollars. Annual changes in the indices are chained (multiplied) together to form a time series. Chained dollars, instead of merely reflecting inflation, capture the effect of relative changes in prices and in the composition of output. They also better reflect cyclical fluctuations in the economy. Chained 2000 dollars are the most current indices available from BEA for this purpose.
SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, based on data from the U.S. Department of Commerce, U.S. Census Bureau, Foreign Trade Division, FT920 U.S. Merchandise Trade 1994-2005.