International freight import/export grows 8% at MIA in 2016

The total value of international freight originating from and destined to Miami International Airport (MIA) in 2016 jumped 8% to USD 57.3bn in 2016, according to recently released data by the US Department of Commerce, the airport reported.

Largely responsible for the spike was pharmaceutical (pharma) freight, which surged 48% year over year to USD 4.4bn. Since 2010, when the total value of pharma shipments was USD 1.8bn, MIA´s pharma trade has grown by 140%.

In 2015, MIA was designated by the International Air Transport Association (IATA) as the first pharma freight hub in the US and the second in the world. In October 2016, MIA and Brussels Airport — the first two IATA-designated pharma freight hubs — partnered to create Pharma.Aero, in order to grow the global pharmaceutical air cargo industry.

In addition to boosting pharma freight traffic, MIA remained the busiest airport for international freight in the US and in the Western Hemisphere in 2016, handling 83% of all air imports and 79% of all air exports between the US and the Latin American/Caribbean region.

MIA also continues to handle the majority of America´s perishable imports by air, including 89.2% of all flower air imports; 66.7% of all fruit and vegetable air imports; and 49.8% of all fish air imports. In Florida, MIA´s 2016 air trade amounted to 92% of the state´s total air trade value and 40% of its combined (air & sea) trade value.