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September 2, 2015—The U.S. Foreign Trade Zone Board has ranked the Port of Brownsville third in the nation out of 179 active U.S. Foreign Trade Zones for the volume of goods exported during 2014, and 25th for the volume of merchandise imported.
The Port of Brownsville is the grantee of Foreign Trade Zone (FTZ) No. 62, and offers sites at the Port of Brownsville, Brownsville-South Padre Island International Airport, Harlingen Industrial Park and Airpark, NAFTA Industrial Park and FINSA Industrial Park at Los Indios.
The board’s 76th Annual Report to Congress reported more than $3 billion in various commodities were warehoused and distributed through the Port’s FTZ No. 62. Steel, metals and petroleum products are just some of the goods moving through the zone. Merchandise in a foreign trade zone is considered to be outside the U.S. Customs territory, and therefore not subject to duties while in the zone.
“The Port of Brownsville remains a statewide and regional economic driver, as well as an international leader in world trade,” said Eduardo A. Campirano, Port of Brownsville Director & CEO. “Our continuous ranking as one of the top three leaders for exports and gaining recognition in the top 25 for imports demonstrates the importance of the Port as vital to Texas’ place in the global marketplace.”
Texas is ranked first in the nation for foreign trade activity, according to the report.
The Port of Brownsville is the only deep-water seaport directly on the U.S./Mexico border, and the largest land-owning public port authority in the nation. In 2014, the Port moved 7.6 million metric tons of various commodities internationally. Port activity adds $926.7 million to the regional economy, and more than $2 billion to the state’s economy. FTZ No. 62 is one of the largest FTZs in the U.S., and the largest in Texas.
The 76th Annual Report of the U.S. Foreign Trade Zones Board to the Congress of the United States for August 2015 is available at www.trade.gov/ftz.