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Table 1: Value of U.S. Goods Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 1990-2004

Table 1: Value of U.S. Goods Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 1990-2004

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Year 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. surface trade with NAFTA partners
(Billions of current U.S. dollars)
Ratio of U.S. trade with NAFTA partners to total U.S trade
(Percents)
Ratio of U.S surface trade to all U.S. trade with NAFTA partners
(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. surface trade with NAFTA partners
(Billions of chained 2000 U.S. dollars)1
1990 889 233 204 26.2 87.5 822 215 188
1991 910 241 210 26.4 87.3 848 224 196
1992 981 264 232 27.0 87.7 924 249 218
1993 1,046 293 258 28.0 88.0 993 278 245
1994 1,176 343 312 29.2 90.9 1,107 323 293
1995 1,328 380 338 28.6 89.1 1,219 349 311
1996 1,420 421 377 29.7 89.5 1,338 397 355
1997 1,560 475 426 30.5 89.6 1,522 464 416
1998 1,594 503 452 31.5 89.9 1,630 514 462
1999 1,720 559 501 32.5 89.7 1,771 575 516
2000 2,000 653 576 32.7 88.1 2,000 653 576
2001 1,870 614 547 32.8 89.2 1,905 625 558
2002 1,857 604 541 32.5 89.6 1,915 622 558
2003 1,983 629 563 31.7 89.4 1,996 633 566
2004 2,288 712 634 31.1 89.0 2,207 687 611
Percent change,
19902004
157.4 205.7 211.2     168.3 218.7 224.4
Annual average growth rate (percents) 7.0 8.3 8.4     7.3 8.6 8.8

NOTE: NAFTA = North American Free Trade Agreement

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 currently available indices from BEA for adjusting for inflation.

SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, based on: current dollars - data from the U.S. Department of Commerce, U.S. Census Bureau, Foreign Trade Division, FT920 U.S. Merchandise Trade, 1990 to 2004; chained 2000 dollars - estimates based on inflation-adjusted indices from the U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Products Accounts, Tables 4.2.5 and 4.2.6, available at http://www.bea.gov/bea/dn/nipaweb/index.asp as of May 2005.

Updated: Saturday, May 20, 2017