It’s true: Trade Connections, in person, set for Aug. 11
The month of May was very good to South Florida’s three leading ports, which are accounting for more than three-quarters of all Florida trade this year.
We’re going to tell that story in person next month, as well as the story of what to expect for the rest of 2021, at the first in-person Trade Connections event since the end of 2019, before anyone had ever heard the term Covid-19.
The event will be 8-9:30 a.m., Wednesday, Aug. 11 at the Hotel Intercontinental in Doral. The event is sponsored by Miami International Airport.
For more details or to register, click here. Through July 16, receive a 25 percent discount by using the promo code TradeTalk.
How good was the month of May?
At Miami International Airport, trade was up 64.83 percent when compared to May of 2020, as the pandemic took hold locally, across the United States and around the world.
At PortMiami, trade was up 66.59 percent, according to my analysis of the latest U.S. Census Bureau data, which was released last Friday.
At Port Everglades, the results were even better, with total trade up 88.27 percent. Imports more than doubled, up a whopping 111.46 percent.
Looking at year-to-date data, MIA trade is at its highest level in seven years, since the same five months of 2014.
Port Everglades is ahead of 2020 but remains slightly behind the 2019 total through May.
At PortMiami, its $11.50 billion total is the most-ever through five months.
At the Aug. 11 event, we will have data through June. It was one year ago in June that U.S. trade started to show some signs of improvement after the abysmal April and May figures.
I am awaiting confirmation on two knowledgeable South Florida trade veterans who I hope will join me in sharing their insights.