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International Trade Skyrockets in Miami Customs District.

Posted in Business Transactions, International Banking, international business, International Investments, international manufacturing, international trade

international trade Miami, Miami international business, international attorneyThe venerable Mimi Whitefield of the Miami Herald is reporting that 2012 was a record-breaking year for international trade in the Miami Customs District with $124.73 billion worth of trade being exchanged. 

According to Whitefield, Miami district exports increased to a record $73.3 billion, up nearly 6 percent from the previous year, and imports totaled a record $51.4 billion — a 17 percent increase.

Fueling international trade in part was the recent passage of the U.S. and Colombia Free Trade Agreement.

 Miami’s top import and export was gold. Last year Miami imported a record $7.25 billion worth of gold — a 42 percent increase over the previous year. The gold is shipped out, mainly to Switzerland and to other European countries in smaller amounts. Last year the Miami district exported a record $7.93 billion worth of gold.

Brazil remained the Miami district’s No. 1 trading partner in 2012 with $16.4 billion in total trade — a 6.4 percent increase.

Colombia, with $9.89 billion in trade with the Miami district, was the 2012 runner-up, and Switzerland, with $8.8 billion in trade with South Florida, was third.