U.S. BALANCE OF TRADE WITH CANADA AND MEXICO

U.S. BALANCE OF TRADE WITH CANADA AND MEXICO

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U.S. Trade Balance with Canada (monthly data, not seasonally adjusted)
U.S. Trade Balance with Canada (monthly data, not seasonally adjusted)
U.S. Trade Balance with Mexico (monthly data, not seasonally adjusted)
U.S. Trade Balance with Mexico (monthly data, not seasonally adjusted)

The U.S. trade balance with both Canada and Mexico is negative, with more imports from both countries than exports to them. In the last two years, while the total value of U.S. trade with the two countries increased, U.S. trade deficits with these two countries also increased.

U.S. Trade Balance with Canada Sep-01 Sep-02
Imports (billions of dollars)  16.68 17.92
Percent change from same month previous year -13.94  7.46
Exports (billions of dollars)  12.43 13.33
Percent change from same month previous year -16.28  7.21
Trade balance (billions of dollars)  -4.25 -4.59
Percent change from same month previous year  -6.26  8.18

U.S. Trade Balance with Mexcio Sep-01 Sep-02
Imports (billions of dollars)  10.70 11.42
Percent change from same month previous year -13.35  6.80
Exports (billions of dollars)   7.72  8.47
Percent change from same month previous year -20.85  9.70
Trade balance (billions of dollars)  -2.97 -2.95
Percent change from same month previous year  14.91 -0.73

NOTE: The current value is compared to the value from the same period in the previous year to account for seasonality.

SOURCE: U.S. Department of Commerce, Bureau of the Census, Foreign Trade Division; Dec. 4, 2002; available at: http://www.census.gov/foreign-trade/balance/index.html