Archives



Freight News, Sea, Business


FTZ No. 62 Ranks in Top 3 in the U.S. for Exports

[ December 23, 2019   //   ]

Trade Zone No. 62 (FTZ) at the Port of Brownsville remains near the top in the nation for the value of exports, according to the U.S. Foreign-Trade Zones (FTZ) Board’s annual report to Congress released in late November.

FTZ No. 62 ranks third in the country with more than $3.8 billion in exported commodities in 2018, an increase from the $3.5 billion reported in 2017. Since 2012, the port’s FTZ has consistently ranked in the top three for exports out of 293 FTZs nationwide. Additionally, FTZ No. 62 ranks number 21 in the nation for the value of imports totaling $3.9 billion, up from $3.6 billion in goods reported in 2017.

“Our consistent ranking among the top foreign trade zones in the country is the result of the Brownsville Navigation District’s commitment to enhance the port’s infrastructure to facilitate the movement of goods,” said John Reed, Brownsville Navigation District Chairman. “This success positions the port to develop greater economic opportunities in the Rio Grande Valley.”

FTZ No. 62 is administered by the Port of Brownsville and includes magnet sites at FINSA Industrial Park at Los Indios, NAFTA Industrial Park in Brownsville, Brownsville-South Padre Island Air Cargo Complex,
Port of Harlingen, Valley International Airport Industrial Park, in addition to the facilities located within the Port of Brownsville.

Tags: