Palm Beach County's strategic location is ideal for trade, as it is centrally located between Miami and Orlando, and within easy reach of all of the major air and sea ports in the state of Florida. Palm Beach County is part of the Miami Customs District, utilized by much of Latin America and the Caribbean as the first destination for goods to be distributed to the rest of the United States and Europe, and vice versa. Increasingly, many Asian firms are also using the Miami Customs District to ship goods for similar purposes, with China becoming one of the region's top five trading partners.
The importance of the region for international trade is reflected by the Miami Customs District accounting for a large portion of the total international trade that occurs for the State of Florida. The Miami Customs District had the largest trade surplus -- $19.6 billion more in exports than imports -- among all 59 U.S. Customs Districts in 2008.
According to the United States Department of Commerce and the United States International Trade Commission, 64.3% of the total exports for the State of Florida in 2005 and 65.1% in 2006 were through one of the ports in the Miami Customs District.
Palm Beach County has a state-of-the-art transportation and logistics system that is comprised of an international airport (Palm Beach International) with an integral Federal Inspection Facility, and a seaport with a Foreign Trade Zone (FTZ #135). These ports have easy access to the Florida Turnpike and Interstate 95, along with two major railways (FEC and CSX). Furthermore, the Port of Palm Beach District and the State of Florida are investigating the feasibility of developing an inland port close to Lake Okeechobee to expand and enhance South Florida's transportation and logistics industry and to increase the region and Florida's competitiveness in international trade and processing.
For more information contact:
Economic Development & Research
Phone: 561.835.1008 Ext. 4112