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Miami-Haiti Annual Report: No. 23 trade partner- Clothing connection

July 27th, 2006

Textile supplies and assembled garments played key roles in South Florida’s trade exchange with Haiti.

Haiti’s expatriates, predominantly those living in Florida, are the biggest catalysts of trade beween the struggling Caribbean country and the United Stets.

The least-developed country in the hemisphere and one of the poorest in the world conducts nearly 73 percent of its $1.1 billion in annual trade with the United States through the Miami Customs District. Last year, Haiti and South Florida exchanged nearly $805 million in goods, an increase of 10 percent from a year earlier.

In 2005, Miami exports to the Caribbean country and its imports from Haiti were relatively even, leaving just a $5.5 trade deficit for South Florida.

On the export side, textile industry products saw colossal jumps.

Many of the products are sent or received by Haitian-owned companies in the United States. Shipments of knit or crocheted fabrics rose nearly 213 percent to close the surpassing $52 million. Haiti is home to apparel assembly plants. South Florida exports of men’s and boys’ shirts knit or crocheted were also up dramatically. They rose nearly 163 percent to total $13 million.

T-shirts and tank tops, the most valuable South Florida export to Haiti, jumped 53 percent. They closed the year worth nearly $107 million.

Poultry also saw gains on the export roster, as Miami shipped nearly $400 million to its No. 23 trade partner.

Apparel set the pace on the import side. Every one of the Top 5 import commodities from Haiti was a garment category, led by a 55 percent hike in the value of T-shirt and tank top shipments. South Florida imported $159 million Haitian-made T-shirts and tank tops. Men’s and boy’s knit and crocheted shirts rose even more, skyrocketing 93 percent to $13.5 million.

Overall, South Florida exports to Haiti saw gains of 24 percent as they surpassed $405 million.

Recent Reports

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Multinational study looks at 'revenues under management' in Greater Miami area (10/31/2007)

7th annual Miami TradeNumbers released (06/18/2007)

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Annual trade statistics: Miami soars past $70 billion but is losing ground (02/13/2007)

Miami in danger of falling a notch, to No. 14 behind Philadelphia (02/01/2007)

Third quarter trade results: Miami headed on pace for a strong 2006 (12/11/2006)

DR-CAFTA nations help propel Miami growth (09/15/2006)

Looking ahead (08/02/2006)

Export spree boosts Miami trade (08/02/2006)

Export frenzy feeds top traders (08/02/2006)

Mid-tier traders are on the move (08/02/2006)

Tapping trade opportunities (08/02/2006)

Understanding trade’s value (08/02/2006)

Deciphering the data (08/01/2006)

rising tide (08/01/2006)

Miami-Costa Rica Annual Report: No. 5 trade partner- Med-tech goods shape trade (07/27/2006)

Miami-Honduras Annual Report: No. 6 trade partner- Apparel dominates exchange (07/27/2006)

Miami-China Annual Report: No. 7 trade partner pushing for the top spot (07/27/2006)

Miami-Colombia Annual Report: Trade with No. 4 trade partner Colombia blooms (07/27/2006)

Miami-Dominican Republic Annual Report:No. 3 Trade partners- Slowing the trade pace (07/27/2006)

Miami-Venezuela Annual Report:Win-win with No. 2 trade partner Venezuela (07/27/2006)

Miami-Brazil Annual Report: No.1 Trade Partner Brazil loses ground in South Florida (07/27/2006)

Miami-Guatemala Annual Report: No. 8 trade partner- From apparel to agro products (07/27/2006)

Miami-Chile Annual Report: No. 9 trade partner Chile posts big trade gains (07/27/2006)

Miami-El Salvador Annual Report: No. 10 trade partner- Trade holds steady (07/27/2006)

Miami-Argentina Annual Report: No. 11 trade partner- Surplus-boosting year (07/27/2006)

Miami-UK Annual Report: No. 12 trade partner- Tapping the Americas' gateway (07/27/2006)

Miami-France Annual Report: No. 13 trade partner- Global products for good living (07/27/2006)

Miami-Mexico Annual Report: No. 14 trade partner- Reaching to Yucatan Peninsula (07/27/2006)

Miami-Italy Annual Report: No. 15 trade partner- Italian luxury captivates Miami (07/27/2006)

Miami-Peru Annual Report: No. 16 trade partner- Tariff exemptions boost trade (07/27/2006)

Miami-Ecuador Annual Report: No. 17 trade partner- Keeping on the proven path (07/27/2006)

Miami-Bahamas Annual Report: No. 18 trade partner- Feeding the toursim sector (07/27/2006)

Miami-the Netherlands Annual Report: No. 19 trade partner- High-speed growth (07/27/2006)

Miami-Germany Annual Report: No. 20 trade partner- Trade with Germany climbs (07/27/2006)

Miami-Panama Annual Report: No.21 trade partner headed toward $1 billion (07/27/2006)

Miami-Japan Annual Report: No. 22 trade partner- Import hike causes trade boost (07/27/2006)

Miami-Haiti Annual Report: No. 23 trade partner- Clothing connection (07/27/2006)

Miami-Paraguay Annual Report: No. 24 trade partner riding high on exports (07/27/2006)

Miami-Spain Annual Report: No. 25 trade partner- Trade with Spain plunges (07/27/2006)

Latin America plays growing role in South Florida trade, helping fuel a $2.2 billion surplus (03/15/2006)

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