Trade & Logistics
With one foot in the US and another in LatAm, the trade & logistics industry of Miami is crucial to the continent’s commerce.
#1
US Airport for International Freight
#1
Miami International Airport is the Top Trading Partner with LatAm
$137B
Total Trade Annually
9.7M Tons
Maritime Cargo Annually
277M Square Feet
Warehouse Capacity
Introduction
The Trade Gateway for the Americas
Miami-Dade County stands as a thriving hub for the Trade & Logistics industry, driven by its strategic location and robust transportation infrastructure. Home to Miami International Airport (MIA) and PortMiami, the region boasts unparalleled connectivity that facilitates the efficient movement of goods across the Americas and beyond. In 2023, the total trade for the Miami Customs District reached an impressive $137 billion, accounting for over two-thirds of Florida’s two-way trade. Highlighting the diverse industries supported by the trade and logistics sector, major exports include aircraft parts and computers, while some of the more sought-after imports are electronics, precious metals, and seafood.
The region’s investments in upgrading its road, rail, and communications have solidified Miami’s status as the number one trading partner with Latin America and the Caribbean. With a warehousing capacity of 277 million square feet, Miami accommodates a wide range of logistics services tailored to various sectors, including healthcare, electronics, and fashion. The presence of free trade zones (FTZs) enhances Miami’s appeal, providing businesses with duty exemptions and streamlined customs processes. As a global leader in logistics, Miami continues to attract top organizations like Ryder, FedEx, and Crowley Logistics, making it an essential player in the international trade landscape.
Miami International Airport
Miami International Airport (MIA) is the busiest airport for international freight in the United States and ranks 6th globally, serving as a critical asset for the region’s trade and logistics sectors. Handling 82% of all air imports and 76% of exports from the Latin American and Caribbean region, MIA is a leader in importing fruits, vegetables, flowers, and seafood. With a robust airline network featuring over 90 carriers, MIA provides unmatched connectivity, offering more flights to Latin America and the Caribbean than any other U.S. airport. The airport’s expansive cargo facilities span approximately 2.8 million square feet, supporting an annual economic impact of $118 billion in economic impact and contributing to 700,000 local jobs. With ongoing investments in infrastructure, including a $7 billion capital improvement program, MIA is poised to strengthen its role as a global logistics hub.
PortMiami
PortMiami stands as a crucial asset for Miami-Dade’s trade and logistics industry, generating an impressive annual economic impact of $61.4 billion, which accounts for 4% of Florida’s GDP. As the largest container port in Florida and the tenth busiest port in the U.S., it handled over 1 million TEUs for seven consecutive years, contributing to the Miami Customs District’s total trade value of $136.6 billion in 2022. With best-in-class multimodal connections supported by a $2 billion upgrade, PortMiami supports 340,078 jobs, of which 29,423 are direct local jobs. Its strategic location at the crossroads of north-south and east-west trade lanes solidifies PortMiami’s position as the second most important economic engine in the Miami-Dade region across the board, with cargo traffic expected to double in the next decade.
Top Organizations
Taking advantage of its privileged geographical position between the US, LatAm, and the Caribbean, trade & logistics enterprises continue to multiply.
Key Information
| Description | Amount |
|---|---|
| Telephones | $3.68B |
| Gold | $3.09B |
| Fish Fillets | $2.52B |
| Integrated Circuits | $1.89B |
| Cut Flowers | $1.69B |
| Gas Turbines | $1.6B |
| Knit Sweaters | $1.57B |
| Recreational Boats | $1.5B |
| Knit T-shirts | $1.49B |
| Rolled Tobacco | $1.23B |
| Description | Amount |
|---|---|
| Aircraft Parts | $9.49B |
| Telephones | $6.05B |
| Computers | $3.7B |
| Packaged Medications | $2.39B |
| Vaccine, Blood, Anistera, Toxins, and Cultures | $1.87B |
| Integrated Circuits | $1.77B |
| Medical Instruments | $1.7B |
| Cars | $1.65B |
| Recreational Boats | $1.1B |
| Motor Vehicle Parts and Accessories | $933M |
Title
The Aviation Advisory Council is designed as targeted private convenings of local experts that advise and support Beacon Council staff on the implementation of high-impact economic development initiatives