Statistics

Miami-Paraguay Annual Report: No. 24 trade partner riding high on exports

July 27th, 2006

The vast majority of goods exchanged between the United States and Paraguay were exports shipped from South Florida.

In all its major trade partnerships, South Florida’s commerce with Paraguay is the most lopsided.

In 2005, the South American country and the Miami Customs District exchanged $789 million in goods but only $5 million of it came via imports from Paraguay. Even at that, imports from the country were down a whopping 35 percent in 2005 when compared to trade results from a year earlier.

But South Florida exports to Paraguay were up so dramatically that overall trade for the year leaped more than 40 percent.

Computers led the export list, rising nearly 143 percent in value to total $295 million. They represented 38 percent of all South Florida exports to Paraguay. Nationwide, computers were the No. 1 commodity that the United States shipped to Paraguay last year.

The South American country relies on the United States for technology components and computer parts, semi-conductor parts and transmissions apparatus for cell phone joined computers at the top of the export list.

What happens between Paraguay and the Miami Customs District is an overwhelming indicator of what happens between Paraguay and the United States as a whole since South Florida is the most important point for goods to and from the South American country. New Orleans, the second most important Customs district handling shipments to and from Paraguay, posted just $44 million in trade with the South American country in 2005.

Last year, Paraguay and the United States had $947 million in bilateral trade, a jump of 39 percent from 2004.

Landlocked Paraguay, one of the least industrialized countries in South American, has a long tradition of cattle ranching and that was evident among South Florida imports. Saddles and other equine equipment joined bull semen and cattle embryos on the list of the Top 5 imports from Paraguay. Cigars and cigarettes led the list, accounting for just a quarter of all exports to South Florida at $1.3 million. That was down more than 65 percent from a year earlier.

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)