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 Economic Development News 
Friday, December 14 2018

Ranks Second in Value of Exports

Brownsville, TX — For the third straight year, Foreign Trade Zone No. 62 (FTZ) at the Port of Brownsville ranks second in the nation for the value of exports, according to the U.S. Foreign-Trade Zones (FTZ) Board’s annual report to Congress released Wednesday, Dec. 12, 2018.

The port’s FTZ reported more than $3.5 billion in exported goods in 2017. Additionally, FTZ No. 62 ranked 18th nationally for the value of imports totaling more than $3.6 billion. The Port of Brownsville FTZ has consistently ranked in the top five nationally since 2012, earning the number 1 spot in the nation in 2012 and 2013. The port’s FTZ has ranked second in the list for three straight years now (2015, 2016, 2017).

“The Port of Brownsville continues to maintain a standard of excellence as the leading economic engine in the Rio Grande Valley,” said John Reed, Brownsville Navigation District Chairman. “The zone’s steady growth in cargo movement provides greater job opportunities to our region, driving our economy forward.”

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.

“Our customers and port tenants both contribute to the FTZ’s overall success,” said Tony Rodriguez, Director of Cargo Services and FTZ Administrator for the port. “They are essential to the port’s continued economic expansion.”

The 79th Annual Report of U.S. Foreign-Trade Zones Board to the Congress of the United States for 2017 is available at www.trade.gov/ftz. For more information about FTZ No. 62, visit https://www.portofbrownsville.com/about/foreign-trade-zone-no-62/.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:32 am   |  Permalink   |  Email

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