Positive International Trade News for Florida

Florida to rank 4th among all U.S. states in state origin exports

According to recent statistics Florida’s international trade industry is experiencing healthy growth. Statistics for April 2009 – April 2010 show merchandise exports are up 15.4% and imports are up by 27.5%. In 2009, Florida’s merchandise trade totaled $103 million. Florida is also a leader in service exports, with an estimated value of $25-30 billion annually.

More than 95% of exporters in Florida are small businesses and the growth in the international sector is a much needed sign of hope for business owners who have been trying to navigate through rough economic times. Small businesses in Florida can benefit from a world-class trade infrastructure, which includes 14 deep water seaports, 19 commercial service airports, transportation and logistics providers, specialized legal and banking services, and export financing.

Small businesses in Florida can also benefit from free technical assistance from organizations such as the SBDC at USF, Enterprise Florida and the US Commercial Service.

In terms of market potential, a white paper released by the Florida Chamber of Commerce listed the following countries as the most promising foreign markets for Florida’s exports: Brazil, Colombia, Dominican Republic, Chile, Peru, Mexico, China, Spain, India and emerging European economies.

Leaders Look to Double Florida Exports

Florida’s government and business leaders are looking at the potential of doubling Florida-origin exports of goods and services in the next 5-7 years. Florida is well positioned to generate employment and economic development through the growth of its international sector. Small business owners should be preparing themselves to get involved in this industry if they have not done that yet.