MIAMI’S TOP TRADING PARTNERS AND TRADE BALANCE
Miami is one of the main international trade centers in the U.S. with strong partners in Brazil, Colombia, China, Costa Rica and Chile. Nevertheless, through May 2014, trade levels dropped by 5.32%. The cause of this slump can be linked to a decrease in the price of gold, which led to a lower trade volume.
During this period, the top exports registered were civilian aircraft and parts, landline and cellular phone, computers, and gold, which went down, as well as medical instruments, which went up. Meanwhile, overall trade in the U.S. increased by 2,79%.