July 31, 2014

Sector portrait

Miami: International

Impact

Global Headquarters: Some 230 multinational companies have their global headquarters in the tri-county area, and about 170 have their U.S. or Americas headquarters here.

Global Revenue: 28 multinational companies manage revenue of more than $1 billion from their Miami-Dade offices.

Miami Customs District
Top Trading Partners (2008)

Country
Total Trade (billions)
Brazil
$13.2
Venezuela
6.4
Colombia
5.6
China
4.7
Dominican Republic
4.5
Honduras
4.0
Costa Rica
4.0
Chile
3.3
Peru 2.5
Argentina 2.4

International Air Freight: In 2008, Miami International Airport ranked No. 1 in the U.S. and No. 10 in the world for tons of international freight, with more than 1.7 million tons — 88% of its total freight volume. Through November 2009, MIA had 1.3 million tons of international freight, down 15% from the same period in 2008.

International Passengers: 16.1 million passengers used MIA on international flights in 2008 (47% of total passengers), making it the No. 3 airport in the U.S. for international passengers and No. 31 in the world. Through November 2009, 14.5 million international passengers came through MIA, down 1.2% from the same period in 2008.

Flights: 53 international and 42 U.S. airlines fly out of MIA.

Seaport: The Port of Miami-Dade services some 250 ports in more than 100 countries.

International Visitors: 5.2 million international visitors came to Miami-Dade from October 2008-September 2009. That represented 48% of the county's total visitors during that time.

International Productions: Last year, an estimated 30% to 40% of the $100 million in local revenue from location filming came from international productions. The No. 1 foreign filmmaker was the United Kingdom.

Miami Customs District: The district, which includes airports and seaports in Miami-Dade, Broward, Palm Beach and St. Lucie counties, was the No. 11 customs district in the country for international trade for January-November 2009. It was No. 13 in 2008.

Miami Airport - Interior 53 international airlines use MIA.

Imports and Exports: The Miami Customs District's top imports in 2008 were refined petroleum, aircraft, returned exports, sweaters and T-shirts. Its top exports were computers, telephones, computer parts, jet engines and computer chips.

Foreign Trade Zones: 3 — the Miami Free Zone in Doral, with 625,000 square feet of warehouse and 225,000 square feet of showroom/office space; the Homestead Foreign Trade Zone, on 1,000 acres; and FTZ No. 180 in Wynwood

Port of Miami's Top Trading Partners (2008)

  • China
  • Honduras
  • Germany
  • Dominican Republic
  • Guatemala

Foreign-Born Population: 49% of the county's population is foreign born, according to the 2000 Census; the next Census will likely show more than half are.

Consular Corp.: With 72 consuls general, the county is home to the third-largest consular corps in the U.S.

Bi-National Chambers of Commerce: More than 30

Miami International Trade
Trade
Jan.-Nov. 2008 (billions)
$76.0 2008 (billions)
Jan.-Nov. 2009 (billions)
$64.4 Total Trade
$90.25
% Change
-15% Exports
$54.92
% Change in Total U.S. Trade -27% Imports $35.33

Miami Free Zone The Miami Free Zone in Doral has almost 1 million square feet of space.
[Photo: Steven Brooke Studios]

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