Statistics

Miami-the Netherlands Annual Report: No. 19 trade partner- High-speed growth

July 27th, 2006

South Florida and the Netherlands saw trade spike 73 percent the biggest growth of any of the top traders.

A colossal jump in South Florida oil imports from the Netherlands combined with boosts in supplies destined for the cruise industry to push the Miami Customs Districts and the Netherlands to a whopping 73 percent increase in trade in 2005.

Much of the jump was triggered by a 124 percent jump in imports.

Refined oil was the No.1 import, rising 391 percent in value to total more than $619 million. Esther Van Geloven, commercial officer for the Netherlands Consulate General in Miami said the rise in petroleum imports was likely fueled by hurricanes Katrina, Rita and Wilma, which damaged U.S. Gulf Coast refineries and caused oil shortfalls.

Meanwhile, commodities destined for South Florida’s hospitality and cruise industries also saw gains. The Netherlands is a major supplier of alcoholic beverages, including beer, which was South Florida’s second most valuable import from the European nation. South Florida imported nearly $114 million worth of Heineken, Amstel, Bavaria, Grolsch and other Dutch beers. That was a 13 percent increase from 2004.

South Florida also imported nearly $11 million in spirits, up 28 percent from a year earlier. Nearly $8 million of the imports were vodka.

Some of the imported products used Miami as a transshipment point; their final destination was the Caribbean.

The Netherlands is a source of paintings and sculptures for ships deployed by Carnival Cruise Lines and Holland America Lines as well as for Miami galleries and private collectors; artwork imports rose 279 percent to total $15 million.

Exports from South Florida, meanwhile, dropped 17 percent to end the year at $206 million. Among the losses there were bright spots: increases in shipments of lactones, antiques and yachts.

Lactones are chemicals used in food flavoring ingredients. In 2005, South Florida shipped $22 million-worth of lactones, a jump of 52 percent. Shipments of yachts and powerboats surpassed $8 million after reaching $3.5 million in 2004. But it was the exports of antiques that soared, jumping to more than $6 million. A year earlier, only $315,000 in antiques were exported from South Florida to the Netherlands.

The most significant decline in exports came with aircraft engine parts, which fell 91 percent to just more than $2 million. It 2004, South Florida sent more than $28 million in jet engine part to the Netherlands. Computer shipments also fell, dropping 58 percent to just under $14 million.

Beacon Council Press Release: "South Florida Global Economic Impact Study Reveals Region’s Economic Muscle" (01/17/2008)

Multinational study looks at 'revenues under management' in Greater Miami area (10/31/2007)

7th annual Miami TradeNumbers released (06/18/2007)

1st Q: Miami, led by exports, growing faster than national average (05/21/2007)

Annual trade statistics: Miami soars past $70 billion but is losing ground (02/13/2007)

Miami in danger of falling a notch, to No. 14 behind Philadelphia (02/01/2007)

Third quarter trade results: Miami headed on pace for a strong 2006 (12/11/2006)

DR-CAFTA nations help propel Miami growth (09/15/2006)

Looking ahead (08/02/2006)

Export spree boosts Miami trade (08/02/2006)

Export frenzy feeds top traders (08/02/2006)

Mid-tier traders are on the move (08/02/2006)

Tapping trade opportunities (08/02/2006)

Understanding trade’s value (08/02/2006)

Deciphering the data (08/01/2006)

rising tide (08/01/2006)

Miami-Costa Rica Annual Report: No. 5 trade partner- Med-tech goods shape trade (07/27/2006)

Miami-Honduras Annual Report: No. 6 trade partner- Apparel dominates exchange (07/27/2006)

Miami-China Annual Report: No. 7 trade partner pushing for the top spot (07/27/2006)

Miami-Colombia Annual Report: Trade with No. 4 trade partner Colombia blooms (07/27/2006)

Miami-Dominican Republic Annual Report:No. 3 Trade partners- Slowing the trade pace (07/27/2006)

Miami-Venezuela Annual Report:Win-win with No. 2 trade partner Venezuela (07/27/2006)

Miami-Brazil Annual Report: No.1 Trade Partner Brazil loses ground in South Florida (07/27/2006)

Miami-Guatemala Annual Report: No. 8 trade partner- From apparel to agro products (07/27/2006)

Miami-Chile Annual Report: No. 9 trade partner Chile posts big trade gains (07/27/2006)

Miami-El Salvador Annual Report: No. 10 trade partner- Trade holds steady (07/27/2006)

Miami-Argentina Annual Report: No. 11 trade partner- Surplus-boosting year (07/27/2006)

Miami-UK Annual Report: No. 12 trade partner- Tapping the Americas' gateway (07/27/2006)

Miami-France Annual Report: No. 13 trade partner- Global products for good living (07/27/2006)

Miami-Mexico Annual Report: No. 14 trade partner- Reaching to Yucatan Peninsula (07/27/2006)

Miami-Italy Annual Report: No. 15 trade partner- Italian luxury captivates Miami (07/27/2006)

Miami-Peru Annual Report: No. 16 trade partner- Tariff exemptions boost trade (07/27/2006)

Miami-Ecuador Annual Report: No. 17 trade partner- Keeping on the proven path (07/27/2006)

Miami-Bahamas Annual Report: No. 18 trade partner- Feeding the toursim sector (07/27/2006)

Miami-the Netherlands Annual Report: No. 19 trade partner- High-speed growth (07/27/2006)

Miami-Germany Annual Report: No. 20 trade partner- Trade with Germany climbs (07/27/2006)

Miami-Panama Annual Report: No.21 trade partner headed toward $1 billion (07/27/2006)

Miami-Japan Annual Report: No. 22 trade partner- Import hike causes trade boost (07/27/2006)

Miami-Haiti Annual Report: No. 23 trade partner- Clothing connection (07/27/2006)

Miami-Paraguay Annual Report: No. 24 trade partner riding high on exports (07/27/2006)

Miami-Spain Annual Report: No. 25 trade partner- Trade with Spain plunges (07/27/2006)

Latin America plays growing role in South Florida trade, helping fuel a $2.2 billion surplus (03/15/2006)