| March 2012 |
Total Exports From Miami
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Aircraft | $1,510,707,926 |
2 | Landline, cellular phone equipment | $1,283,710,450 |
3 | Computers | $1,152,876,488 |
4 | Gold | $1,113,861,360 |
5 | Scrap of precious metal | $799,763,362 |
6 | Computer parts | $401,784,994 |
7 | Medical instruments for surgeons, dentists, vets | $393,120,520 |
8 | Electronic integrated circuits | $364,063,433 |
9 | Printers, all types, parts | $346,945,144 |
10 | Medicine | $312,477,907 |
Total Imports To Miami
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Gold | $1,403,679,142 |
2 | Oil, not crude | $919,332,269 |
3 | Electronic integrated circuits | $881,725,164 |
4 | Imports of returned exports | $640,163,164 |
5 | Landline, cellular phone equipment | $580,269,051 |
6 | T-shirts, tank tops, knit or crocheted | $318,904,998 |
7 | Fish fillets, chilled or frozen | $305,779,455 |
8 | Sweaters, pullovers, vest, knit or crocheted | $272,496,255 |
9 | Fresh-cut flowers | $254,175,825 |
10 | Medical instruments for surgeons, dentists, vets | $235,954,677 |
| March 2012 |
Top Miami Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | BRAZIL | $3,997,701,595 |
2 | COLOMBIA | $2,338,287,216 |
3 | SWITZERLAND | $1,948,955,873 |
4 | COSTA RICA | $1,653,779,160 |
5 | VENEZUELA | $1,626,358,588 |
6 | CHINA | $1,421,826,124 |
7 | CHILE | $1,330,232,728 |
8 | DOMINICAN REPUBLIC | $1,206,077,546 |
9 | HONDURAS | $1,019,715,160 |
10 | MEXICO | $1,002,985,950 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Miami’s trade increases 14.04 percent through March
Miami’s trade with the world rose to $29,328,386,982 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 14.04 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 10.73 percent while imports rose 19.29 percent.
Through March the district’s top trade partners were No. 1 Brazil, No. 2 Colombia, No. 3 Switzerland, No. 4 Costa Rica and No. 5 Venezuela. Through the first three months of the last year, top five spots were held by Brazil, Colombia, Venezuela, Switzerland and Costa Rica, respectively.
Taking a closer look at the leading trade partners with Miami:
- No.1 Brazil’s trade rose 16.26 percent to $3,997,701,595.
Exports rose 6.91 percent to $3,379,861,057. Imports rose 123.00 percent to $617,840,538. - No.2 Colombia’s trade rose 22.79 percent to $2,338,287,216.
Exports rose 20.99 percent to $1,361,578,386. Imports rose 25.39 percent to $976,708,830. - No.3 Switzerland’s trade rose 28.88 percent to $1,948,955,873.
Exports rose 29.47 percent to $1,819,584,909. Imports rose 21.13 percent to $129,370,964. - No.4 Costa Rica’s trade rose 27.46 percent to $1,653,779,160.
Exports rose 14.83 percent to $504,139,864. Imports rose 33.92 percent to $1,149,639,296. - No.5 Venezuela’s trade rose 6.67 percent to $1,626,358,588.
Exports rose 25.14 percent to $1,413,274,821. Imports fell -46.10 percent to $213,083,767.
Miami’s top five trading partners through March accounted for 39.43 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.
Miami had trade surpluses with 149 countries and deficits with 67 through March. That compares with 149 surpluses and 66 deficits for the same period one year earlier. The top three surpluses through March of this year were with Brazil, $2,762,020,519; Switzerland, $1,690,213,945; and Venezuela, $1,200,191,054. The top three deficits were with China ($1,169,203,968), Costa Rica ($645,499,432) and Mexico ($620,769,080).
Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
Miami’s top five exports by value through March were aircraft; landline, cellular phone equipment; computers; gold; and scrap of precious metal, in that order. Those accounted for 33.53 percent of its total outbound trade. The value of the district’s top five imports, gold, oil, not crude, electronic integrated circuits and imports of returned exportslandline, cellular phone equipment and , accounted for 37.35 percent of all inbound shipments.
Looking more closely at Miami exports:
- Aircraft rose 10.18 percent compared to last year to $1,510,707,926.
- Landline, cellular phone equipment rose 36.93 percent compared to last year to $1,283,710,450.
- Computers rose 24.08 percent compared to last year to $1,152,876,488.
- Gold rose 1,233.22 percent compared to last year to $1,113,861,360.
- Scrap of precious metal fell -39.52 percent compared to last year to $799,763,362.
On the import side:
- Gold rose 40.26 percent compared to last year to $1,403,679,142.
- Oil, not crude rose 12.59 percent compared to last year to $919,332,269.
- Electronic integrated circuits rose 43.67 percent compared to last year to $881,725,164.
- Imports of returned exports rose 95.81 percent compared to last year to $640,163,164.
- Landline, cellular phone equipment rose 20.33 percent compared to last year to $580,269,051.
Last year the Miami district posted total trade with the world of $112,822,767,713. The district’s surplus was $25,703,221,733. At year end, the region’s top five partners were Brazil, Colombia, Switzerland, Venezuela and China. Exports totaled $69,262,994,723 and imports came to $43,559,772,990.