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Florida-Colombia Trade By-the-Numbers

What Florida Sells to Colombia: The Top 5

  1. Automatic data processing machines: $505 million
  2. Electronic equipment for telephone lines: $341 million
  3. Miami to BogotaCivilian aircraft engines and parts: $196 million
  4. Machinery parts: $164 million
  5. Printer ink: $157 million

What Florida Buys from Colombia: The Top 5

  1. Gold: $2 billion
  2. Cut flowers and buds for bouquets: $537 million
  3. Oil (not crude) from petrol: $215 million
  4. Coal: $206 million
  5. Men’s or boys’ suits: $69 million

By the Numbers

  • No. 1 — The U.S. is Colombia’s leading trading partner.
  • 38% — Portion of goods exported by Colombia that came to the U.S.
  • 25% — Portion of goods imported by Colombia that came from the U.S.
  • Florida exported $5.3 billion worth of goods to Colombia last year and imported $3.8 billion worth of Colombian goods, giving Florida a trade surplus of $1.5 billion.

Tourism

  • More than 1 million passengers passed through Miami International Airport last year on their way to Colombia — about 40,000 more than in 2010.
  • Last year, 306,000 Colombians came to Florida, a 13% increase from the year before.

Free Trade’s Impact

  • $1.1 billion — Value of increased exports from U.S. to Colombia expected as a result of the U.S.-Colombia Free Trade Agreement. In the first five months of 2012, Florida’s trade with Colombia has risen by 18% over from the same period last year.

Trade Agreement

Since the new free trade agreement went into effect, some industries in both countries have gotten an immediate boost:

Colombian Exports to U.S.

  • Aluminum windows and doors: Up 110%
  • Candy: Up 67%
  • Leather handbags: Up 38%
  • Women’s pants: Up 35%

U.S. Exports to Colombia

  • Soil drilling machines: Up 35%
  • Medicine: Up 34%
  • White field corn: Up 28%
  • Automobiles: Up 22%

Colombians in the U.S.

  • Total Colombians in U.S.: 908,734
  • Colombians in Florida: 300,414

Florida and Colombia: The Trade Picture

  • Colombia is Florida’s second-biggest trading partner behind Brazil. Last year, total trade between Florida and Colombia was $9 billion.