Texas becomes first U.S. state whose monthly surface trade with Mexico exceeds 10 billion U.S. dollars

Texas has become the first U.S. state whose monthly surface trade with Mexico has exceeded 10 billion U.S. dollars, according to latest statistics by the U.S. Department of Transportation.

Surface trade includes anything using surface transportation, which largely consists of truck, rail, or pipeline.

U.S.-Mexico surface transportation trade totaled 28.1 billion in August, up 31.7 percent compared to August 2009, according to a report issued this week by the Bureau of transportation Statistics of the U.S. Department of Transportation.

Texas led all U.S. states in monthly surface trade with Mexico with 10.2 billion in August. It's the first time in the 15 years after the U.S. government started monitoring the surface trade movement that a state has exceeded the 10 billion of surface trade with Mexico.

"The fact that Texas leads all states in exports and attracting foreign investment makes it no surprise that Texas is also the first state to break 10 billion U.S. dollars in surface trade with Mexico," Kyle Burns, CEO of the Free Trade Alliance San Antonio, was quoted by local media as saying.

Surface trade among the three North American Free Trade Agreement partners, namely, the U.S., Mexico and Canada, totaled some 68 billion in August, up 25.3 percent from 54.3 billion in the same month last year.

Source:Xinhua