Florida Merchandise Trade ‐ Annual 2015 Billions of $U.S. Total Merchandise Trade Year‐to‐Date $150.0 $100.0 2014 $50.0 2015 $0.0 • Florida's total merchandise trade (exports plus imports) ended 2015 at $147.4 billion, a ‐4.0% decrease from 2014. • Slowing economies of some of the state's largest markets contributed to a ‐10.4% decline in exports to $73.3 billion. • The biggest hits were exports to Brazil, Colombia, and Venezuela while exports to Mexico gained nearly 30%. • Imports grew by 3.3% ‐ to $74.1 billion ‐ while imports from Germany alone surged by 164% over 2014. Florida TOTAL Merchandise Trade by Country ‐ 2015 Rank 1 2 3 4 5 6 7 8 9 10 Description TOTAL ALL COUNTRIES Brazil China Colombia Japan Chile Dominican Republic Mexico Honduras Germany Peru Annual 2013 Annual 2014 Annual 2015 % Change 2014‐2015 158,652,643,341 20,563,652,814 9,661,559,515 9,963,497,445 6,880,726,860 7,505,082,605 5,344,000,139 4,266,413,680 4,565,408,646 2,534,959,395 5,447,047,761 153,516,137,298 21,006,648,814 9,572,956,812 9,530,001,308 6,430,378,864 7,001,739,567 5,446,790,925 4,377,072,907 4,462,843,450 2,398,009,162 3,831,583,898 147,383,781,020 18,600,609,436 9,278,103,631 8,286,820,100 6,963,589,673 6,768,923,436 5,734,216,680 5,300,852,800 4,723,189,313 4,650,135,480 4,116,741,685 ‐4.0 ‐11.5 ‐3.1 ‐13.0 8.3 ‐3.3 5.3 21.1 5.8 93.9 7.4 Annual 2013 Annual 2014 Annual 2015 % Change 2014‐2015 85,487,217,893 16,192,786,008 6,027,824,059 3,730,300,783 3,401,113,797 2,954,319,895 2,850,701,764 4,518,936,640 2,270,108,843 3,154,455,575 1,660,862,120 81,784,135,719 15,882,222,696 5,962,271,700 3,598,172,702 3,011,671,162 3,026,548,957 2,820,249,901 3,508,653,331 2,279,094,730 2,592,542,085 1,626,919,430 73,285,130,422 13,072,961,538 5,015,245,895 3,708,146,424 3,300,866,463 3,105,128,861 2,828,628,849 2,640,756,071 2,379,799,669 2,275,303,294 2,106,901,870 ‐10.4 ‐17.7 ‐15.9 3.1 9.6 2.6 0.3 ‐24.7 4.4 ‐12.2 29.5 Annual 2013 Annual 2014 Annual 2015 % Change 2014‐2015 73,165,425,448 8,701,759,851 6,240,220,323 4,370,866,806 1,582,075,344 3,935,673,386 2,605,551,560 3,774,781,822 2,338,810,105 2,573,299,465 2,389,680,244 71,732,001,579 8,656,243,786 5,843,871,779 5,124,426,118 1,405,873,474 3,567,729,608 2,750,153,477 3,403,566,865 2,667,928,701 2,503,128,034 2,420,241,968 74,098,650,598 8,510,774,023 6,404,683,797 5,527,647,898 3,715,289,854 3,271,574,205 3,193,950,930 3,060,777,012 3,016,638,937 2,691,607,543 2,629,087,819 3.3 ‐1.7 9.6 7.9 164.3 ‐8.3 16.1 ‐10.1 13.1 7.5 8.6 Florida Merchandise EXPORTS by Country ‐ 2015 Rank 1 2 3 4 5 6 7 8 9 10 Description TOTAL ALL COUNTRIES Brazil Colombia Chile Argentina Dominican Republic Peru Venezuela Costa Rica United Arab Emirates Mexico Florida Merchandise IMPORTS by Country ‐ 2015 Rank 1 2 3 4 5 6 7 8 9 10 Description TOTAL ALL COUNTRIES China Japan Brazil Germany Colombia Mexico Chile France Honduras Dominican Republic U.S. and Florida‐Origin Exports ‐ 2015 • Florida regained its position as the sixth‐largest export state in 2015, surpassing the state of Michigan by a narrow margin. • Florida ended the year with $53.8 billion in exports that originated from the state, down ‐8.0% from the previous year. • Canada became Florida's number one destination for origin‐exports in 2015, surpassing Brazil which saw a ‐27.4% decline. • NAFTA‐partner Mexico moved up from sixth‐place to become the state's third‐largest export market for Florida‐origin exports. U.S. Exports by State ‐ 2015 Rank 1 2 3 4 5 6 7 8 9 10 Description TOTAL ALL COUNTRIES Texas California Washington New York Illinois Florida Michigan Ohio Louisiana Pennsylvania Annual 2013 Annual 2014 Annual 2015 % Change 2014‐2015 1,578,439,230,852 279,370,573,538 168,129,011,294 81,630,551,605 86,312,467,010 66,157,176,406 60,486,034,748 58,651,788,932 50,826,901,883 63,241,655,863 41,173,078,475 1,620,531,899,958 288,048,985,741 173,811,625,400 90,547,036,334 88,535,524,804 68,246,837,088 58,506,528,733 55,928,500,991 52,240,104,252 64,813,659,468 40,354,943,154 1,504,597,470,614 251,087,317,313 165,367,013,266 86,353,155,264 80,548,514,074 63,402,314,659 53,843,762,000 53,171,398,477 50,694,149,147 49,183,228,988 39,402,716,984 ‐7.2 ‐12.8 ‐4.9 ‐4.6 ‐9.0 ‐7.1 ‐8.0 ‐4.9 ‐3.0 ‐24.1 ‐2.4 Annual 2013 Annual 2014 Annual 2015 % Change 2014‐2015 60,486,034,748 4,547,139,917 5,332,019,595 2,190,968,864 3,306,192,877 3,206,500,187 1,394,860,406 1,528,757,901 1,647,357,736 1,775,826,526 2,211,621,919 58,506,528,733 4,029,163,261 5,086,602,150 2,225,510,082 3,123,166,971 2,529,520,603 1,619,819,724 1,571,084,834 1,715,569,697 1,836,956,826 1,764,048,576 53,843,762,000 3,875,028,263 3,693,837,387 2,713,757,223 2,536,296,938 2,017,300,501 1,786,759,559 1,700,195,954 1,697,862,012 1,679,338,245 1,537,567,907 ‐8.0 ‐3.8 ‐27.4 21.9 ‐18.8 ‐20.3 10.3 8.2 ‐1.0 ‐8.6 ‐12.8 Florida‐Origin Exports ‐ 2015 Rank 1 2 3 4 5 6 7 8 9 10 Description TOTAL ALL COUNTRIES Canada Brazil Mexico Colombia Venezuela Germany Dominican Republic Peru Chile United Arab Emirates Merchandise trade consists of those goods that are shipped to (imports), from (exports) and through Florida (originating in other states or countries) regardless of where they were produced, as well as those goods that are produced, grown, or mined in Florida and are shipped from the state to an overseas destination. For more information, please visit: https://www.census.gov/foreign‐trade/guide/index.html Origin of Movement data provides export statistics based on the “state from which the merchandise starts its journey to the port of export; that is, the data reflect the transportation origin of exports.” While the Census Bureau points out that this does not represent the “production origin,” it is generally accepted that this is the closest approximation of individual U.S. states’ exports available. Therefore, Florida‐origin exports are deemed to be Florida goods that are exported to other countries, regardless of how they were shipped to their destinations. For more information, please visit: http://www.census.gov/foreign‐trade/aip/elom.html Data Source: http://www.wisertrade.org. Data from U.S. Census Bureau Foreign, Trade Division. Enterprise Florida, Inc. ● 201 Alhambra Circle, Suite 610 ● Coral Gables, FL 33134 ● www.enterpriseflorida.com
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