China Becomes Top Cargo Supplier Through Miami Port
Written by Suzy Valentine on January 5, 2006
By Suzy Valentine
China has overtaken Honduras as the largest supplier of cargo through the Port of Miami.
In the year ended Sept. 30, China’s emerging economy accounted for almost 1 million tons of goods flowing in and out of the seaport, about 10% of all trade, eclipsing last year’s best performer from Central America, which trailed 250,000 tons behind in second place.
Last year, cargo from China and Hong Kong – the former British territory is conventionally counted separately – together took top spot for port trade. This year, the Special Administrative Region of Hong Kong, which changed hands in 1997, also climbed the rankings from seventh to third with 685,571 tons, but mainland China claimed the highest ranking without the southern city.
Brazil has also gained ground, moving up to fourth place from sixth last year with trade of 645,261 tons. Italy dropped from fourth to fifth.
Overall, port tonnage grew 2.6% to 9.5 million, and the container measurement of 20-foot equivalent units grew 4.5% to 1.1 million. Revenues rose 7.3% to $85 million.
The past fiscal year also saw a change in rankings of commodities the port handled. While cargo classified as "freight of all kind" or "not otherwise specified" continues to account for most trade, textile cargo has moved to second place from ninth replacing building materials, which dropped to sixth position – a fall consistent with a reported worldwide shortage. The demand for refrigerated fruits and vegetables caused those commodities to drop from third to 15th while alcoholic beverages plummeted from fourth to 31st. Paper, other food products and spare parts took third, fourth and fifth place.
Passenger traffic grew 3% from 3.5 million last year to 3.6 million.