Overview In August 2021 Miami, FL exported $5.88B and imported $4.68B, resulting in a positive trade balance of $1.19B. Between August 2020 and August 2021 the exports of Miami, FL have increased by $1.72B (41.5%) from $4.15B to $5.88B, while imports increased by $452M (10.7%) from $4.23B to $4.68B.
Trade In August 2021, the top exports of Miami, FL were Aircraft Parts ($814M), Blood, antisera, vaccines, toxins and cultures ($667M), Telephones ($415M), Computers ($331M), and Integrated Circuits ($161M). In August 2021 the top imports of Miami, FL were Commodities not elsewhere specified ($296M), Telephones ($241M), Gold ($225M), Knit Sweaters ($195M), and Fish Fillets ($188M).
Destinations In August 2021, Miami, FL exported mostly to Brazil ($1.57B), Chile ($401M), Dominican Republic ($370M), Colombia ($365M), and Costa Rica ($230M), and imported mostly from China ($619M), Dominican Republic ($309M), Colombia ($296M), Brazil ($245M), and Honduras ($227M).
Growth In August 2021, the increase in Miami, FL's year-by-year exports was explained primarily by an increase in exports to Brazil ($708M or 81.8%), Dominican Republic ($143M or 62.8%), and Chile ($90.1M or 29%), and product exports increase in Blood, antisera, vaccines, toxins and cultures ($553M or 485%), Aircraft Parts ($285M or 53.9%), and Computers ($83M or 33.5%). In August 2021, the increase in Miami, FL's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($107M or 125%), China ($95.9M or 18.4%), and Italy ($89M or 66.7%), and product imports increase in Knit Sweaters ($78.3M or 66.9%), Fish Fillets ($61.1M or 48.3%), and Knit T-shirts ($42.5M or 37.8%).