Table 1 - Value of U.S. Merchandise Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 1994–2005

Table 1 - Value of U.S. Merchandise Trade with Canada and Mexico Compared with U.S. Merchandise Trade with All Countries: 19942005

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  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.