International Trade Benefits Florida’s Agricultural Industry - Global Trade Magazine
  May 14th, 2015 | Written by

International Trade Benefits Florida’s Agricultural Industry

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  • Approximately 17 percent of Florida’s economic activity due to international business and foreign direct investment.
  • Nine of the top 10 markets for Florida agricultural exports are located in the Americas.
  • Canada ranks as Florida’s No. 1 destination for ag products, Brazil remains top trading partner and export destination.

International trade’s impact to Florida’s economy cannot be denied. Global business and foreign direct investment accounts for approximately 17 percent of Florida’s economic activity and, according to the Florida Chamber of Commerce, directly supports more than 1 million Florida jobs.

One of the most profitable export industries in Florida is agriculture, with nine of the top 10 markets for the state’s agricultural exports located in the Americas. The state’s exports of agricultural commodities were valued at an all-time record of $4.2 billion last year, which The Florida Chamber’s Global Florida Program says ranks eighth in the United States.

“The Americas present a large portion of Florida’s international trade opportunity, especially for Florida’s agriculture industry,” says Alice Ancona, director of Global Outreach for the Florida Chamber of Commerce. “Canada continues to be Florida’s No. 1 destination for agriculture products, while Brazil continues to rank as Florida’s top trading partner and export destination.”

 

FLORIDA’S INTERNATIONAL TRADE RELATIONSHIPS

Growing trade relationships with countries like Chile, Colombia, Venezuela, Argentina and Peru work to create a competitive environment for the state’s exporters–95 percent of which are small- and mid-sized businesses—to grow and thrive. The Florida Chamber, along with Lieutenant Governor Carlos Lopez-Cantera, recently led a Florida delegation to Peru to sign a Memorandum of Understanding (MOU) to help promote trade and investment opportunities between Peru and the United States.

“International trade is critical not only for Florida’s overall economy, but for individual families and communities across the state, as well as visiting consumers,” says  Doug Wheeler, president and CEO, Florida Ports Council. “Increasing trade creates jobs and brings a better quality of life to our state.”


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