Did You Know Florida Exports $1.1 Billion in Goods to Panama?

By: Melissa Roberts

Did You Know?

From 2008 to 2010, $1.1 billion in Florida goods were exported to Panama? In addition, Florida is home to more than 60,000 exporting companies, meaning one out of every five of the nation’s exporters are located in Florida

The Florida Chamber of Commerce is currently visiting business leaders in Panama to strengthen our trade relationship and further drive our state to becoming the global hub for trade to and from the U.S.

Joined by Florida Secretary of Commerce Gray Swoope, Florida Department of Transportation Secretary Ananth Prasad, and several Florida Chamber partners, we are actively advocating to become a global leader in international trade.

Panama

Representatives from the Florida Chamber and Enterprise Florida tour Gatún Locks at the Panama Canal.

Pictured from left-to-right: Florida Chamber Executive V.P. David Hart, Enterprise Florida V.P. of Trade Development Services Ivan Barrios, Enterprise Florida Senior V.P. of International Trade and Development Manny Mencia, Florida Chamber Director of Global Outreach Alice Ancona and Florida Secretary of Commerce and Enterprise Florida President and CEO Gray Swoope.

With the expansion of the Panama Canal and the Free Trade Agreement, Panama presents Florida companies with tremendous opportunities. Post-Panamax vessels are nearly three times the size as current vessels being used. Florida is poised to have the first port south of Virginia, PortMiami, which can receive the post-Panamax ships that will be coming from Asia through the Canal. Florida’s gateways are better prepared at being able to facilitate the trade relationship between Florida and Panama.

Florida’s 15 deep-water seaports are well-positioned to lead the way to attract new international trade and commerce. Thanks to unprecedented support from the Florida Legislature, our ports can boast state-of-the-art infrastructure investments and increased connectivity from strategic projects such as on-dock rail and intermodal container transfer facilities. These new opportunities are outlined in the Florida Chamber Foundation’s Florida Trade & Logistics 2.0 Study, which offers recommendations that will help fuel Florida’s competitive growth.

But realizing our state’s global potential requires vision.

“As the global marketplace doubles in size over the next 20 years, we ignore the importance of international trade at our own demise,” said Doug Davidson, Market Executive at Bank of America Merrill Lynch and Chair of the Florida Chamber’s Trade & Logistics Institute. “We have to continue to shed light on the opportunities, and with leadership from the business community, policy makers, and organizations like the Florida Chamber Foundation through their Florida Trade & Logistics 2.0 Study, we can secure tens of thousands of high-wage jobs and guarantee that our state is globally competitive in 2030 and beyond.”