Foreign Trade Zone No. 62 at the Port of Brownsville ranks second in the nation for the value of exports during 2016. This is according to the U.S. Foreign-Trade Zones Board’s annual report to Congress released Nov. 16.
Dorchester County, SC, and Miami-Dade County, Fla., are ranked first and third, respectively.
The port’s FTZ reported more than $2.8 billion in exported goods in 2016. Additionally, FTZ No. 62 ranked 25th nationally for the value of imports totaling more than $2.5 billion. The Port of Brownsville FTZ has consistently ranked in the top five nationally since 2012, and this marks the second time in two years that it achieved the nation’s number two ranking.
“The Port of Brownsville has made great strides in creating a sustainable economic engine,” said John Wood, Brownsville Navigation District chairman. “This ranking further demonstrates the value of the zone and the port’s overall role in transforming the Rio Grande Valley as a stable, reliable logistics platform for international trade.”
Texas remains the leading U.S. state for FTZ activity. In 2016, the value of shipments into zones totaled more than $610 billion. There are 195 active FTZs in the United States.
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, as well as the Port of Brownsville. In 2013, FTZ No. 62 was approved for reorganization under the Alternative Site Framework allowing it to operate sites across Cameron County.
The 78th Annual Report of U.S. Foreign-Trade Zones Board to the Congress of the United States for 2016 is available online. For more information about FTZ No. 62, visit the Port of Brownsville website.