--- title: NEWSLETTER | World Trade Center Miami | Alice Ancona description: World Trade Center Miami, the platform for international business in Miami, creates a monthly newsletter about global trade and logistics from Miami. --- [![World Trade Center Miami facilitates two-trade in Miami and the Americas.](https://blog.wtcmiami.org/hubfs/WTCM%20-%20black%20logo-2.svg "World Trade Center Miami facilitates two-trade in Miami and the Americas.")](https://www.wtcmiami.org) # International Trade | Newsletter | WTCM ## Alice Ancona ## Recent Posts [![](https://blog.wtcmiami.org/hubfs/Alice%20Ancona%20(1).png) ](https://blog.wtcmiami.org/blog/florida-and-global-trade-trends-current-state-of-play) ## [Florida and Global Trade Trends – Current state of play](https://blog.wtcmiami.org/blog/florida-and-global-trade-trends-current-state-of-play) ** Jul 16, 2020 1:43:42 PM / by [Alice Ancona](https://blog.wtcmiami.org/blog/author/alice-ancona) posted in [Trade Spotlight](https://blog.wtcmiami.org/blog/topic/trade-spotlight), [July Newsletter](https://blog.wtcmiami.org/blog/topic/july-newsletter) [** 1 Comment](https://blog.wtcmiami.org/blog/florida-and-global-trade-trends-current-state-of-play#comments-listing) The pandemic has impacted all parts of the world and every sector of industry.  The World Center Miami continues to monitor the current situation and report back to you on recent projections as well as inform you on the movement of trade. [Read More **](https://blog.wtcmiami.org/blog/florida-and-global-trade-trends-current-state-of-play) [![](https://blog.wtcmiami.org/hubfs/Alice%20Ancona%20(1).png) ](https://blog.wtcmiami.org/blog/global-trade-trends-and-short-term-forecast) ## [GLOBAL TRADE TRENDS and short-term forecast](https://blog.wtcmiami.org/blog/global-trade-trends-and-short-term-forecast) ** Jun 25, 2020 2:07:11 PM / by [Alice Ancona](https://blog.wtcmiami.org/blog/author/alice-ancona) posted in [Trade Spotlight](https://blog.wtcmiami.org/blog/topic/trade-spotlight), [June 2020](https://blog.wtcmiami.org/blog/topic/june-2020) [** 0 Comments](https://blog.wtcmiami.org/blog/global-trade-trends-and-short-term-forecast#comments-listing) The pandemic has impacted all parts of the world and every sector of industry. The World Center [Read More **](https://blog.wtcmiami.org/blog/global-trade-trends-and-short-term-forecast) [![](https://blog.wtcmiami.org/hubfs/Alice%20Ancona.png) ](https://blog.wtcmiami.org/blog/global-trade-it-was-the-best-of-times-it-was-the-worst-of-times) ## [Global Trade: It was the best of times…it was the worst of times.](https://blog.wtcmiami.org/blog/global-trade-it-was-the-best-of-times-it-was-the-worst-of-times) ** May 20, 2020 4:54:08 PM / by [Alice Ancona](https://blog.wtcmiami.org/blog/author/alice-ancona) posted in [Trade Spotlight](https://blog.wtcmiami.org/blog/topic/trade-spotlight), [May 2020 Newsletter](https://blog.wtcmiami.org/blog/topic/may-2020-newsletter) [** 1 Comment](https://blog.wtcmiami.org/blog/global-trade-it-was-the-best-of-times-it-was-the-worst-of-times#comments-listing) *“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity…”   * [Read More **](https://blog.wtcmiami.org/blog/global-trade-it-was-the-best-of-times-it-was-the-worst-of-times) [![](https://blog.wtcmiami.org/hubfs/image-11.png) ](https://blog.wtcmiami.org/blog/trade-shifts-in-the-time-of-coronavirus) ## [Trade Shifts in the Time of Coronavirus](https://blog.wtcmiami.org/blog/trade-shifts-in-the-time-of-coronavirus) ** Apr 21, 2020 3:45:34 PM / by [Alice Ancona](https://blog.wtcmiami.org/blog/author/alice-ancona) posted in [Trade Spotlight](https://blog.wtcmiami.org/blog/topic/trade-spotlight), [April 2020](https://blog.wtcmiami.org/blog/topic/april-2020) [** 0 Comments](https://blog.wtcmiami.org/blog/trade-shifts-in-the-time-of-coronavirus#comments-listing) Begging forgiveness from Gabriel García Márquez, trade has recently gone through a rather extraordinary shift.   Covid-19 pandemic has been the ultimate disruptor for trade.  We really can’t compare – apples to apples – with any other period in time.   Below are some highlights of year-to-date (YTD) data for Florida for February.  March trade data will be released in a couple of weeks and will be very telling.  Be sure to check back with us for a trade update when those figures come out. For Feb YTD we are up in imports by 3% in value.  Origin exports are up by 3.41% in value. Its important to note that China was closed for production and some of the products where we see an increase have been traditionally sourced from China. Off the bat – top import and import percentage increase for Florida is **organic chemicals** which have medical, pharmaceutical, biochemical, or bioengineering applications.  In Feb 2019 we imported $83.5M but in Feb 2020 we imported $1.59B about a **1,800% increase**. # IMPORTS **Products | Feb 2019 vs Feb 2020:** | Notable decreases | Other notable increases | | --- | --- | | ***(Some of this is demand related. Another thing to keep in mind is that factories were closed in China so we could not source either)*** - 27% decrease in aircraft parts - 24% decrease in footwear - 19% decrease in ships and boats - 17.5% decrease in vehicles | **73%** increase in cereals **29%** increase in edible preparations which include: yeasts, prepared baking powders, sauces and preparations, condiments, seasonings, soups, broths, ice cream **28%** increase in milling products (products like starch and gluten used to make bread and baked goods, etc.) **26%** increase in edible vegetables **21%** increase in sugar and sugar confectionery |     **Trading Partners | Feb 2019 vs Feb 2020:** | | **Up by 1,500% ****- Ireland **is Florida’s 20th ranked import trade partner.  This is unusual increase and likely COVID-19 related.  Ireland exports pharmaceuticals and medical devices.  Half of the world’s ventilators are made in Ireland.  Notable increases are organic chemicals and iron or steel. | | --- | --- | | | **Up by 105% ****- UK **is Florida’s 11th ranked import partner.  This was also an unusual increase and likely COVID-19 related.  UK is a producer of pharma, med-tech and medical devices.   Notable increases are organic and inorganic chemicals and medicaments. | | | **Up by 105.7% ****- Hungry. **In value this not a huge leap from $23M to $47M and Hungry is not a top 50 import trade partner for Florida.  This increase is unusual as its likely COVID-19 related.  Hungary’s primary exports are Packaged Medicaments which are also known as medicine, antibiotics, penicillin, insulin, and other related items. | | | **Up by 41% ****- Netherlands.  **The Netherlands is Florida’s 26th ranked import trading partner (not high ranked).  This also likely COVID-19 related, notable increases are in fish and seafood and resins and other extracts which can be used in the production of medicaments | | | **Up by 34.5% ****- Vietnam.  **Vietnam is Florida’s 12th ranked trading partner**.**  They are an alternative manufacturing center to China so once Chinese factories were closed, we shifted to importing from Vietnam.  Much of what we import is furniture, electric machinery and footwear.  This is likely ordered from before and may also be attributed to tariffs imposed on certain products in China.  | | | **Down by 23.8%** - China is our #1 source of imports (like many other states). Note that China was closed January and February and has recently restarted production. | | | **Down by -18% -** Japan - #2 ranked import partner for Florida. Top imports include automotive (vehicles and parts) and electronics. | | | **Down** **by -46% -** Brazil is Florida’s 3rd ranked import trading partner. Top imports are aircraft and aviation equipment. | | | **Down by -22.7% - **France – Florida’s 8th ranked import trading partner. Top imports include aircraft and aviation equipment. | **Florida Origin Exports**** TO THE WORLD ** **(*products that Florida makes*):** **Products | Feb 2019 vs Feb 2020:** | Notable Increases: | Notable Decreases: | | --- | --- | | **Up 140.9%** - Live Animals **Up 62.7%** - Iron & steel **Up 39%** - Pharma **Up 38.45%** -Aircraft parts **Up 26.7%** - Inorganic Chemicals **Up 17.8%** - Beverages and spirits | **Down by 28%** - Fertilizers **Down by 21%** - Arms & Munitions **Down by 17%** - Chemical Products **Down by 14%** - Ships & boats **Down by 8.6%** - Electrical Equipment | **Trading Partners | Feb 2019 vs Feb 2020:** | | **Up by 62.59%** - **Japan**.  Notable increases: 4,000% increase in fertilizer, 480% increase in paper and paperboard, 390% increase in boats and ships.  | | --- | --- | | | **Up 50.46%** - **UK**. Notable increases: 11,000% increase in seeds and plants, 1,800% increase in footwear, 600% increase in manufactured articles (such as household goods). | | | **Up by 47%** - **Italy**.  Notable increases: 3,800% increase in fruits and vegetables, 3,000% increase in meat, 1,900% increase in woven fabrics. | | | **Up by 44%** - **India**. Notable increases: 12,000% increase in articles of leather, 10,000% increase in mineral oil, 2,400% increase in aircraft and aircraft parts.   | | | **Up by 29.78%** - **El Salvador**. Notable increases: 1,700% increase in precious and semiprecious stones and metals, 800% increase in special woven fabrics.   | | | **Up by 364%** - **New Zealand** (very unusual). Notable increases: 2,400% increase aircraft and aircraft parts, 1,400 % increase apparel, 600% increase in inorganic chemicals as well as articles of iron and steel, 334% increase pharmaceuticals. | | | **Up by 178%** - **Egypt** (very unusual) Notable increases: 4,500% increase in paper and paperboard, 3,700% increase in dairy products, 620% increase in electric machinery, 300% increase in Florida exports of medical equipment. | Export markets that were down are: | | **Down by 26%** - China | | --- | --- | | | **Down by 22.8%** - Paraguay | | | **Down by 24%** - Argentina | | | **Down by 14%** - Mexico | | | **Down by nearly 10%** - Chile and Germany |   [Read More **](https://blog.wtcmiami.org/blog/trade-shifts-in-the-time-of-coronavirus) [![](https://blog.wtcmiami.org/hubfs/Newsletter/rethinking%20our%20medical%20equipment%20and%20pharma%20supply%20chains%20AA_edited.jpg) ](https://blog.wtcmiami.org/blog/re-thinking-our-medical-equipment-and-pharma-supply-chains) ## [Re-thinking our medical equipment and pharma supply chains](https://blog.wtcmiami.org/blog/re-thinking-our-medical-equipment-and-pharma-supply-chains) ** Apr 21, 2020 8:49:12 AM / by [Alice Ancona](https://blog.wtcmiami.org/blog/author/alice-ancona) posted in [Trade Spotlight](https://blog.wtcmiami.org/blog/topic/trade-spotlight), [April 2020](https://blog.wtcmiami.org/blog/topic/april-2020) [** 0 Comments](https://blog.wtcmiami.org/blog/re-thinking-our-medical-equipment-and-pharma-supply-chains#comments-listing) The COVID-19 pandemic has made terms like PPE and N95 masks common household lingo.  In the past few weeks, we have all learned a lot about things which we once took for granted. Regardless of where anyone stands on the trade-war with China, COVID-19 has made it acutely clear that localizing or regionalizing supply chains for the medical equipment and pharma sector is vital and can save lives. From a Miami and Florida standpoint, this is not science fiction, it is achievable. Consider this: Florida is home to the nation’s: - **2nd** largest pharmaceuticals and medicine manufacturing industry - **2nd **largest medical device manufacturing industry - **5th** largest biotech R&D facilities Many of these facilities are located here in Miami/South Florida.  We have a tremendous eco-system of companies that are best-in-class.  These companies not only need our support today to weather this recession, they need investment in the sector to ensure that we can source and supply our community, the nation and the world.        [Download Enterprise Florida’s Life Sciences Industry Brief here.](https://blog.wtcmiami.org/hubfs/brief-life-sciences-florida%202020.pdf) [Download the Miami Trade and Logistics Hub Fact sheet here.](https://www.worldtrade.org/english-flyer) [Read More **](https://blog.wtcmiami.org/blog/re-thinking-our-medical-equipment-and-pharma-supply-chains) [All posts](https://blog.wtcmiami.org/blog/all) ### Subscribe to Email Updates - [Recent](https://blog.wtcmiami.org/blog/author/alice-ancona#tab-1) - [Popular](https://blog.wtcmiami.org/blog/author/alice-ancona#tab-2) - [Categories](https://blog.wtcmiami.org/blog/author/alice-ancona#tab-3) ### Lists by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) ### Posts by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) [See all](https://blog.wtcmiami.org/blog/author/alice-ancona#) ### Recent Posts # About Us Miami's Platform for International Business. 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