Latin America plays an important role in retailer Gap’s global sourcing strategy and has the opportunity to expand due, in part, to its proximity to the U.S. market. With stores located all over the world, “a global sourcing strategy is essential,” Mark D’Sa, a Gap Senior Director of Sourcing and Production, told participants at WorldCity’s Trade Connections event in Miami Dec. 16. He was joined on the panel by Jonathan Bales, representing Hellmann Worldwide Logistics, who oversees the German logistics company’s cruise industry business, and WorldCity President Ken Roberts. Trade… Read More
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Annual statistics: Dallas among nation's fastest-growing districts
Dallas has become one of the United States fastest-growing Customs districts.
Imports and exports through the Dallas-Fort Worth Customs District jumped 17.5 percent to total nearly $58.3 billion in 2006, according to WorldCity analysis of statistics released by the U.S. Census Department.
Overall U.S. trade growth rose 12 percent, and only three of the country’s Top 20 Customs districts outpaced Dallas. Houston-Galveston’s trade rose 18.9 percent, Seattle’s spiked more than 19.2 percent and Philadelphia saw its trade climb 19.3 percent.
Dallas-Fort Worth is the United States 15th most important Customs district, a distinction it earned in 2005 and retained in 2006.
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China, the district’s biggest trade partner, saw its exchange gain 24.5 percent to fall just short of the $17 billion mark. The Asian powerhouse accounts for 29 percent of all Dallas trade.
Other highlights:
Dallas posted a 2006 trade deficit just shy of $17 billion. In 2005, the deficit was $13.9 billion.
Thirteen countries did more than $1 million in trade with Dallas in 2006.
All but three of Dallas’ top import commodities posted growth. Passenger vehicle imports grew the most, jumping 137.5 percent to close the year at $685 million.
Among the roster of Dallas’ Top 20 traders, Poland experienced the greatest gains. Trade between Dallas and the European nation leaped to $546 million in 2006. A year earlier, it was less than $39 million. Exports fueled the increase.
Total U.S. trade reached $2.9 billion. Canada was the nation’s No. 1 trade partner, followed by China, which passed Mexico in 2006.
Los Angeles remained the nation’s top-ranked Customs district, followed by New York, Detroit and Houston.
The Latest From "Trade Connections"
Gap, Hellmann detail operations at final Trade Connections event of 2009
December 29th, 2009
