The following export products represent the highest dollar value in Florida global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Florida.

Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.

1. Aircraft including engines, parts: US$4.9 billion (10.7% of Florida’s total exports)
2. Cell phones: $2.3 billion (4.9%)
3. Integrated circuits (processors/controllers): $1.1 billion (2.4%)
4. Small portable digital computers: $938 million (2%)
5. Modems, similar reception/transmission devices: $882 million (1.9%)
6. Mineral or chemical fertilizers: $628 million (1.4%)
7. Gold (unwrought): $617 million (1.3%)
8. Gas turbine parts: $552 million (1.2%)
9. Medical/surgical/dental/veterinarian instruments: $519 million (1.1%)
10. Ammonium dihydrogenorthophosphate: $517 million (1.1%)

Florida’s top 10 exports accounted for over a quarter (28%) of the overall value of the state’s global shipments.

Three among Florida’s top 10 export categories increased from 2019 to 2020 led by small portable digital computers, up by 19.3%. In second place for improving export sales was processors and controllers for integrated circuits thanks to a 16.8% increase trailed by mineral or chemical fertilizers via a 2.8% gain.

Leading decliners among Florida top 10 export products were gold (down -51%) and aircraft including engines and other parts (down -34.9%).

Overall, Florida incurred a -$30.7 billion deficit exporting and importing products during 2020. That dollar amount reflects an 19.2% year-over-year increase from -$25.7 billion in red ink in 2019.

Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a state’s goods or services exceeds or lags that same state’s spending on foreign goods or services.

Below are Florida’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.

1. Nucleic acids, salts: $3.6 billion (4.8% of Florida’s total imports)
2. Mid-sized automobiles (piston engine): $3.3 billion (4.4%)
3. Cell phones: $2.7 billion (3.6%)
4. Gold (unwrought): $2 billion (2.7%)
5. Integrated circuits (processors/controllers): $1.6 billion (2.1%)
6. Pacific salmon: $1.2 billion (1.6%)
7. Bananas: $995 million (1.3%)
8. Cigars, cigarillos: $968 million (1.3%)
9. Medium-size aircraft: $881 million (1.2%)
10. Miscellaneous petroleum oils: $827 million (1.1%)

Historically, Florida has incurred high negative net exports in the international trade of automobiles. In turn, these cashflows indicate Florida’s competitive disadvantages under the automobiles-related product category showing the strong impact of foreign-made automotive goods on Florida’s global balance sheet}

The following list shows the top 10 customers that purchased 43.7% worth of the total value of products exported from Florida during 2020.

1. Brazil $3.5 billion (7.7% of Florida’s total exports)
2. Canada $3.4 billion (7.5%)
3. Mexico $2.6 billion (5.8%)
4. United Kingdom $1.8 billion (4%)
5. Colombia $1.8 billion (4%)
6. Dominican Republic $1.5 billion (3.3%)
7. Chile $1.5 billion (3.2%)
8. Germany $1.3 billion (2.8%)
9. Peru $1.3 billion (2.7%)
10. China $1.2 billion (2.7%)

Florida’s top trade partners in South America (Brazil, Colombia, Chile, Peru) account for 17.6% of the overall value of exported goods from the Sunshine State. This compares with 13.3% of Floridian shipments consumed by North American trade partners, Mexico and Canada.

Florida Export Companies

Thirty-five of Florida-based corporations rank among Fortune 1000 Companies, a list that showcases America’s largest businesses. Selected examples are shown below.

• Dycom Industries (telecommunications)
• Tupperware Brands Corp (household goods, cosmetics, personal care)
• Platform Specialty Products Corp (chemicals)
• B/E Aerospace (aircraft-related products)
• Citrix Systems (software, cloud computing technologies)
• Roper Technologies (systems, controls, instruments)
• Watsco (air conditioning, heating, refrigeration-related goods)
• MasTec (pipelines, wireless communications, infrastructure)
• Harris Corp (communication, electronic, space, intelligence systems)
• Ryder (transportation/supply chain management goods)

Shown within brackets for each company is a summary of the international trade-related products or services which each business sells.