Source: http://worldcityweb.com/home/MIA/statistics/view/117/

Miami-Germany Annual Report: No. 20 trade partner- Trade with Germany climbs

July 27th, 2006

Cars from the United States and oil from Germany shaped the trade relationship in 2005.

Germany may be the home of Mercedes Benz, BMW and Audi, but it had its eye on U.S.-made cars when it came to trade with South Florida. And on the other side of the commerce, the Miami Customs District dramatically hiked its imports of oil from Germany last year.

With both exports and imports posting double-digit percent jumps in 2005, the Customs district and the European country exchanged more than $1 billion-worth of goods. That was a 31 percent jump from 2004.

Miami exports to Germany saw the biggest gains 35 percent as they climbed to more than $289 million for the year. Passenger vehicles led the roster, jumping 134 percent to total $74 million.

Aircraft parts also rose, ending the year at nearly $28 million, reflecting an increase of 22.5 percent, but parts for regional jets spikes even more. They ended the year worth nearly $23 million. That’s 152 percent higher than a year earlier.

Still, the biggest export increase came in the category of artwork. South Florida’s importance as an art hub has grown dramatically in recent years. The area is home to well known art collectors, museums and galleries, and its annual Art Basel event has lifted the area’s reputation internationally. Last year, the Miami Custom District handled nearly $11 million in artwork bound for Germany.

But the art exchange was two-way. Miami also imported more than $24 million in art from the European country, an increase of 16 percent.

It was refined petroleum that led South Florida’s import roster, in part because of oil industry disruptions caused when a string of hurricanes in late 2005 damaged U.S. Gulf Coast refineries. South Florida imported $733 million in non-crude oil from Germany, a leap of 159.5 percent from a year earlier.

Germany is one of the 26 members of the International Energy Agency, a global organization set up to avert energy crises worldwide. During energy disruptions in another member country, such as the one that surfaced after the hurricanes, IEA members provide emergency oil shipments to keep energy supplies stable.

South Florida also imported nearly $90 million-worth of sulfonamides, or antibiotics, from its European trade partner.

Medicines and medical equipment traditionally have ranked high on the list of U.S. imports from Germany. In overall trade with the United States, German were the second most important imports, up 3.9 percent from a year earlier to value $3.3 billion.

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

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

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rising tide (08/01/2006)

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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)

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