In its 85th Annual Report of the Foreign-Trade Zones Board to Congress, published Aug. 28, the Port of Brownsville’s FTZ No. 62 ranked third in the nation marking a 12-year-consecutive streak the value of exports at $7 billion. For the first time, FTZ No. 62 broke through the Top 20 list for the value of imports, ranking 14th with $3.2 billion worth of commodities imported. “Our foreign trade zone is an…
The Port of Brownsville‘s Foreign Trade Zone No. 62 saw a boost in the value of goods transported in 2022, reaching a record total of $13.9 billion in exports and imports. It is a notable increase from the $9.7 billion recorded in 2021. The U.S. Foreign-Trade Zones Board’s 2022 recent report to Congress revealed that FTZ No. 62 held its position as the second highest-ranking FTZ in the country for…
Throughout 2022, more than 15.2 million tons of diverse cargo moved through the Port of Brownsville, according to unaudited cargo volume reports. This forecast represents a 10.2 percent increase from the 13.8 million tons of cargo in 2021, a new record for the Port of Brownsville. The workforce at the port has streamlined operations to move essential commodities such as break bulk like steel, aluminum and liquid bulk petroleum products.…
Foreign Trade Zone No. 62 at the Port of Brownsville recorded an increase of 28 percent for the total value of exports in 2021. This increase amounts to the FTZ surpassing the $5-billion mark in exports for the first time. According to the U.S. Foreign-Trade Zones Board’s 2021 report to Congress on Aug. 29, FTZ No. 62 ranks second in the country with $5.2 billion in exported goods in 2021.…
Texas Governor Greg Abbott recently highlighted the Port of Brownsville as a key component of Texas’ booming energy industry and as a critical asset to the Lone Star State’s economic success. The news came during an economic roundtable discussion with industry leaders and key stakeholders at the port March 30. “Ports are the gateway to the might of the Texas economy and the Port of Brownsville is vital infrastructure for…
For the eight year in a row, Foreign Trade Zone No. 62 at the Port of Brownsville remains near the top in the nation for the value of exports. The recognition comes from information in the U.S. Foreign-Trade Zones Board’s annual report to Congress. FTZ No. 62 ranks second in the country with more than $4.3 billion in exported goods in 2019. This is an increase from the $3.8 billion…
Foreign Trade Zone No. 62 at the Port of Brownsville reported a record-setting $8.9 billion in the combined value of exports and imports for 2019. The total value of export shipments through FTZ No. 62 reached $4.3 billion in 2019. This is an increase from $3.8 billion the year before. In turn, the FTZ received $4.6 billion in imports. These numbers are the highest in the zone’s history. Products in…
Foreign Trade Zone No. 62 at the Port of Brownsville remains near the top in the nation for the value of exports. FTZ No. 62 ranks third in the country with more than $3.8 billion in exported commodities in 2018. This is an increase from the $3.5 billion reported in 2017. The figures come from the U.S. Foreign-Trade Zones Board’s annual report to Congress released in late November. Since 2012,…