Statistics
1st Q: Miami, led by exports, growing faster than national average
May 21st, 2007
Miami’s trade with the world grew faster than the national average through the first three months of the year, lead by 13.3 percent growth in exports and double-digit growth in overall trade with its top five trade partners.
The South Florida Customs district’s trade grew 8.3 percent, according to WorldCity analysis of U.S. Census data, led by growth exceeding 10 percent for Brazil, Venezuela, Colombia, the Dominican Republic and China.
South Florida’s exports to Brazil increased $303 million, to Venezuela $123 million and to Colombia $129 million. Although the dollar figures were lower, Miami also saw export increases of greater than 30 percent to Italy, Germany and Japan as well as 28 percent to Peru.
The surge in exports provided the Customs district with a $2.5 billion trade surplus through the first three months of the year. That is 69 percent higher than for the same period of 2006 and 10 times greater than in 2005.
There are roughly four dozen Customs districts in the nation. Miami is one of only a few with a trade surplus and only Seattle’s is larger than Miami’s.
Overall, the Miami Customs district, which runs from Palm Beach through the Florida Keys, is the nation’s 13th-busiest, sandwiched between Cleveland and Philadelphia. U.S. trade grew slightly more than 6 percent through the first quarter.
Among the exports, the biggest increases were in landline phone equipment, computers and computer printers. Computer printers increased more than 1,000 percent, jumping from the 115th ranked export to No. 10.
| Change | Jan.-Mar. 2007 | Total Trade | Jan.-Mar. 2007 | Jan.-Mar. 2006 | Dollar Change | Percent Change |
|---|---|---|---|---|---|---|
| World Total | $18,477,743,686 | $17,043,336,396 | $1,434,407,290 | 8.42% | ||
| 0 | 1 | Brazil | $2,353,387,951 | $2,007,508,101 | $345,879,850 | 17.23% |
| 0 | 2 | Venezuela | $1,260,520,430 | $1,124,838,943 | $135,681,487 | 12.06% |
| 0 | 3 | Colombia | $1,165,701,011 | $1,040,932,946 | $124,768,065 | 11.99% |
| 0 | 4 | Dominican Republic | $1,107,348,870 | $999,669,774 | $107,679,096 | 10.77% |
| 2 | 5 | China | $967,227,330 | $850,133,605 | $117,093,725 | 13.77% |
| -1 | 6 | Costa Rica | $926,325,589 | $972,696,821 | ($46,371,232) | -4.77% |
| -1 | 7 | Honduras | $903,857,020 | $869,473,491 | $34,383,529 | 3.95% |
| 0 | 8 | Chile | $651,090,255 | $585,256,822 | $65,833,433 | 11.25% |
| 0 | 9 | Guatemala | $525,436,640 | $548,290,090 | ($22,853,450) | -4.17% |
| 2 | 10 | France | $516,399,554 | $372,895,730 | $143,503,824 | 38.48% |
| -1 | 11 | United Kingdom | $509,577,534 | $509,760,004 | ($182,470) | -0.04% |
| 1 | 12 | Peru | $452,956,982 | $362,210,305 | $90,746,677 | 25.05% |
| 1 | 13 | Argentina | $425,462,118 | $360,960,070 | $64,502,048 | 17.87% |
| 2 | 14 | Ecuador | $399,972,435 | $334,168,039 | $65,804,396 | 19.69% |
| -4 | 15 | El Salvador | $394,801,720 | $423,255,445 | ($28,453,725) | -6.72% |
| -1 | 16 | Italy | $394,200,633 | $351,195,998 | $43,004,635 | 12.25% |
| 0 | 17 | Mexico | $354,444,520 | $331,787,573 | $22,656,947 | 6.83% |
| 2 | 18 | Germany | $331,595,561 | $250,356,502 | $81,239,059 | 32.45% |
| -1 | 19 | Bahamas | $313,518,497 | $330,311,399 | ($16,792,902) | -5.08% |
| 2 | 20 | Panama | $272,288,563 | $237,533,718 | $34,754,845 | 14.63% |
| 0 | 21 | Japan | $238,897,376 | $240,427,006 | ($1,529,630) | -0.64% |
| 3 | 22 | Paraguay | $228,182,434 | $195,946,459 | $32,235,975 | 16.45% |
| 0 | 23 | Haiti | $218,543,457 | $221,565,211 | ($3,021,754) | -1.36% |
| 0 | 24 | Nicaragua | $209,977,992 | $199,657,541 | $10,320,451 | 5.17% |
| 3 | 25 | Jamaica | $203,407,417 | $166,028,427 | $37,378,990 | 22.51% |
| 1 | 26 | Trinidad and Tobago | $202,268,181 | $169,046,488 | $33,221,693 | 19.65% |
| -8 | 27 | Netherlands | $191,292,897 | $281,307,511 | ($90,014,614) | -32.00% |
| -2 | 28 | Spain | $188,005,846 | $173,223,538 | $14,782,308 | 8.53% |
| 7 | 29 | Switzerland | $170,626,972 | $87,085,703 | $83,541,269 | 95.93% |
| 2 | 30 | South Korea | $137,554,063 | $121,850,908 | $15,703,155 | 12.89% |
| -1 | 31 | Taiwan | $133,279,952 | $135,464,149 | ($2,184,197) | -1.61% |
| -1 | 32 | Netherlands Antilles | $121,708,173 | $134,224,167 | ($12,515,994) | -9.32% |
| 4 | 33 | Hong Kong | $90,877,891 | $77,711,768 | $13,166,123 | 16.94% |
| 5 | 34 | Thailand | $87,980,413 | $74,151,223 | $13,829,190 | 18.65% |
| -1 | 35 | India | $86,990,997 | $94,029,061 | ($7,038,064) | -7.48% |
| -1 | 36 | Cayman Islands | $80,790,185 | $90,366,784 | ($9,576,599) | -10.60% |
| -8 | 37 | Canada | $75,613,526 | $136,375,102 | ($60,761,576) | -44.55% |
| 3 | 38 | Barbados | $75,547,194 | $71,310,923 | $4,236,271 | 5.94% |
| 7 | 39 | Uruguay | $68,664,434 | $52,884,829 | $15,779,605 | 29.84% |
| 9 | 40 | Sweden | $67,426,437 | $42,723,429 | $24,703,008 | 57.82% |
| -8 | 41 | Aruba | $63,438,757 | $117,427,007 | ($53,988,250) | -45.98% |
| 2 | 42 | Malaysia | $62,973,473 | $55,071,666 | $7,901,807 | 14.35% |
| 10 | 43 | Singapore | $60,407,353 | $36,420,637 | $23,986,716 | 65.86% |
| 1 | 44 | Bolivia | $54,216,583 | $53,562,086 | $654,497 | 1.22% |
| 5 | 45 | Indonesia | $51,993,412 | $39,448,718 | $12,544,694 | 31.80% |
| 1 | 46 | Turks and Caicos Islands | $49,459,717 | $47,073,333 | $2,386,384 | 5.07% |
| 4 | 47 | Australia | $48,185,788 | $37,555,451 | $10,630,337 | 28.31% |
| -6 | 48 | Turkey | $48,074,873 | $70,182,276 | ($22,107,403) | -31.50% |
| -1 | 49 | Austria | $43,355,427 | $43,766,157 | ($410,730) | -0.94% |
| -10 | 50 | Russia | $42,039,198 | $72,619,398 | ($30,580,200) | -42.11% |
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)