Miami, FL

Overview In July 2024 Miami, FL exported $866M and imported $1.77B, resulting in a negative trade balance of $901M. Between July 2023 and July 2024 the exports of Miami, FL have increased by $7.87M (0.92%) from $858M to $866M, while imports decreased by $-200M (-10.2%) from $1.97B to $1.77B.

Trade In July 2024, the top exports of Miami, FL were Cars ($44.9M), Non-Retail Pure Cotton Yarn ($32M), Computers ($29M), Motor vehicles; parts and accessories (8701... ($22.2M), and Hard Liquor ($17.4M). In July 2024 the top imports of Miami, FL were Rolled Tobacco ($91.1M), Knit T-shirts ($90.3M), Insulated Wire ($71.3M), Knit Sweaters ($59.8M), and Low-voltage Protection Equipment ($52.7M).

Destinations In July 2024, Miami, FL exported mostly to Dominican Republic ($149M), Peru ($83.6M), Honduras ($69.2M), Colombia ($60.3M), and Guatemala ($39.4M), and imported mostly from China ($283M), Dominican Republic ($217M), Italy ($167M), Honduras ($118M), and Vietnam ($93.5M).

Growth In July 2024, the increase in Miami, FL's year-by-year exports was explained primarily by an increase in exports to Peru ($10.8M or 14.8%), Canada ($10.2M or 490%), and Chile ($9.42M or 61.1%), and product exports increase in Petroleum Gas ($12.3M or 22.3k%), Computers ($9.93M or 52.2%), and Hard Liquor ($8.29M or 91.3%). In July 2024, the decrease in Miami, FL's year-by-year imports was explained primarily by an decrease in imports from China ($-162M or -36.4%), Nicaragua ($-24.3M or -31.9%), and Poland ($-17.5M or -75%), and product imports decrease in Office Machine Parts ($-138M or -97.4%), Knit Sweaters ($-43.5M or -42.1%), and Integrated Circuits ($-22.7M or -67.2%).