Florida

Florida Exports & Foreign Investment

 

In 2023, Florida exported a record $68.9 billion of goods to the world.  In 2021, exports from Florida supported an estimated 183 thousand jobs.

 

Exports from Florida and Jobs

• Florida was the 6^th largest state exporter of goods in 2023.
• In 2023, Florida goods exports were $68.9 billion, an increase of 14 percent ($8.4 billion) from its export level in 2013 (latest data available).
• Goods exports accounted for 4.4 percent of Florida GDP in 2023 (latest data available).
• Florida goods exports in 2021 (latest data available) supported an estimated 183 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Florida and Jobs

• In 2023, Florida exported $63.1 billion of manufactured products.
• Florida exports of manufactured products supported an estimated 170 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is computer and electronic products, which accounted for $14.9 billion of Florida's total goods exports in 2023.
• Other top manufacturing exports are transportation equipment ($13.4 billion), chemicals ($8.7 billion), machinery, except electrical ($6.2 billion), and food and kindred products ($3.7 billion).

 

Exports Sustain Thousands of Florida Businesses many of which are SMEs

• A total of 58,923 companies exported from Florida locations in 2022 (latest data available). Of those, 55,707 (95 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 54.7 percent of Florida's total exports of goods in 2022.

 

Florida Depends on World Markets

• The state’s largest market was Canada. Florida exported $5.2 billion in goods to Canada in 2023, representing 8 percent of the state’s total goods exports.
• Canada was followed by Brazil ($5.1 billion), Mexico ($4.3 billion), United Kingdom ($3.2 billion), and Dominican Republic ($2.4 billion).
• Florida’s exports to major world areas included:

 

• 39 percent of Florida’s goods exports ($26.6 billion) in 2023 went to current FTA partners. 

Agriculture in Florida depends on Exports

• Florida is the country’s 19^th largest agricultural exporting state, shipping $3.5 billion in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture).^[1]
• Top Agricultural exports were:

 

International Investment Creates Jobs in Florida

• In 2021 (latest data available), foreign-controlled companies employed 358,200 Florida workers. Major sources of foreign investment in Florida included the United Kingdom, Canada and Germany.
• Foreign investment in Florida was responsible for 4.5 percent of the state's total private-industry employment in 2021.

Florida’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Florida recorded goods exports: Miami-Fort Lauderdale-Pompano Beach ($41.5 billion), Tampa-St. Petersburg-Clearwater ($9.6 billion), Orlando-Kissimmee-Sanford ($4.1 billion), Jacksonville ($3 billion), Palm Bay-Melbourne-Titusville ($1.7 billion), Lakeland-Winter Haven ($1.5 billion), Pensacola-Ferry Pass-Brent ($1.4 billion), North Port-Sarasota-Bradenton ($1 billion), Gainesville ($973.3 million), Cape Coral-Fort Myers ($886.9 million), Deltona-Daytona Beach-Ormond Beach ($391.2 million), Port St. Lucie ($329.1 million), Gainesville ($307.2 million), Naples-Marco Island ($276.8 million), Tallahassee ($233.2 million), Panama City ($221.4 million), Sebastian-Vero Beach ($149.1 million), Ocala ($122.1 million), Crestview-Fort Walton Beach-Destin ($116.6 million), The Villages ($46.4 million), Sebring-Avon Park ($34.7 million), and Punta Gorda ($33 million).