U.S. air trade with NAFTA partners - Statistics & Facts
The North American Free Trade Agreement, abbreviated NAFTA, refers to an agreement signed on December 17, 1992 between the U.S., Canada and Mexico. Its main goal was the liberalization of trade in goods and services by eliminating tariffs and non-tariffs between parties.
In 2016, the total value of U.S. freight trade with NAFTA partners declined by 3.3 percent, compared with 2015. Rail was the only mode where slightly more freight was carried in comparison with the previous year. A large drop in the price of crude oil and petroleum price in 2016 was one of the reasons in the annual declines.
The value of commodities moved by air between the U.S. and the other NAFTA members also declined in 2016. The main commodities transported by air between the U.S. and Canada were electrical machinery, equipment and parts, computer-related machinery and parts, as well as measuring and testing instruments. These commodities account for more than 50 percent of the total value of commodities traded between the United States and Canada. The leading commodities transported by air between U.S. and Mexico were electrical machinery, equipment and parts, pearl, stones, metals and imitation jewelry, as well as computer-related machinery and parts. These commodities account for 64 percent of the total air trade value between the United States and Mexico.
In terms of U.S. states trading computer-related machinery and electrical-machinery equipment, California and Texas took the first two places. As of January 2017, U.S.-NAFTA air freight export flows stood at almost two billion U.S. dollars.
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