BROWNSVILLE, Texas—Wednesday, December 11, 2019— Foreign Trade Zone No. 62 (FTZ) at the Port of Brownsville remains near the top in the nation for the value of exports, according to the U.S. Foreign-Trade Zones (FTZ) Board’s annual report to Congress released in late November.
FTZ No. 62 ranks third in the country with more than $3.8 billion in exported commodities in 2018, an increase from the $3.5 billion reported in 2017. Since 2012, the port’s FTZ has consistently ranked in the top three for exports out of 293 FTZs nationwide. Additionally, FTZ No. 62 ranks number 21 in the nation for the value of imports totaling $3.9 billion, up from $3.6 billion in goods reported in 2017.
“Our consistent ranking among the top foreign trade zones in the country is the result of the Brownsville Navigation District’s commitment to enhance the port’s infrastructure to facilitate the movement of goods,” said John Reed, Brownsville Navigation District Chairman. “This success positions the port to develop greater economic opportunities in the Rio Grande Valley.”
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, in addition to the facilities located within the Port of Brownsville.
The 80th Annual Report of U.S. Foreign-Trade Zones Board to the Congress of the United States for 2018 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/.
About the Port of Brownsville
The Port of Brownsville is the only deepwater seaport directly on the U.S.-Mexico border, and the largest land-owning public port authority in the nation with 40,000 acres of land. It transships more steel into Mexico than any other U.S. port. With more than $40 billion worth of projects currently in the works, the Port of Brownsville is transforming the Rio Grande Valley by creating positive investment opportunities and new good paying jobs.