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June 18, 2018

Sector Portrait: Trade

International Trade is a Bright Spot for Florida

Trends and challenges at Florida's airports, seaports, and free trade zones.

Pport of Miami
Trend: Progress
Gov. Rick Scott in March directed the Department of Transportation to give the Port of Miami the $77 million it needs to dredge its harbor to 50 feet to accommodate post-Panamax ships. Legislation eliminates redundant state security requirements for port workers and mandates creation of a statewide transportation plan identifying road, port and rail needs.

A Bright Spot — With Challenges

The recession ended early for international trade, and the sector continues to perform well even as much of Florida's economy continues a slow slog out of the recession. In 2010, Florida-origin exports grew to an all-time high of $55.2 billion. Trade in goods and services plus direct foreign investment now accounts for 16% of Florida's economy and supports one in five jobs.

Foreign trade isn't just a sandbox for big firms. Florida's small and midsized businesses account for more than half of the export trade, finding markets for their products abroad even as the domestic economy lags.

For all the good news, the state will have to work hard to keep its edge. Following are snapshots of the major trends and challenges facing the international trade sector moving into the second half of 2011.

Florida Seaports
Seaport Cargo (tons, 2010) Cruise Passengers (2010)
Port of Tampa 37,148,407
Port Everglades (Fort Lauderdale)
21,640,144 3,674,226
Port Manatee (Palmetto)
9,000,0001 0
Jaxport (Jacksonville)
8,100,000 173,568
Port of Miami-Dade
7,389,165 4,145,053
Port Canaveral (Cape Canaveral)
3,218,144 2,802,951
Port of Palm Beach (Riviera Beach)
2,548,346 294,138
Port Panama City
1,345,000 0
Port of Fernandina
654,737 0
Port of Fort Pierce
315,000 0
Port of Pensacola
269,415 0
Port of Key West
0 808,845
Port St. Joe Marina (Port St. Joe)2
0 0
Port of St. Petersburg3 0 0
Ranked by cargo tonnage. 1Estimate 2 Deals with wet-slip and dry-slip customers only. 3Deals with large private yachts and research vessels only. ©Copyright 2011 Trend Magazines Inc. This list may not be reproduced in any format without written permission from the publisher.

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Florida's Seaports- 2011
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