Foreign Trade Zone No. 62 (FTZ) at the Port of Brownsville recorded an increase of 28% for the total value of exports in 2021, surpassing the $5 billion mark for the first time.
According to the U.S. Foreign-Trade Zones Board’s 2021 report to Congress released on August 29, FTZ No. 62 ranks second in the country with more than $5.2 billion in exported goods in 2021, an increase from the $4.1 billion reported in 2020.
The port’s FTZ has consistently ranked in the top three for exports out of 193 FTZs nationwide since 2012. Additionally, FTZ No. 62 ranks 20th in the nation for the value of imports totaling $4.5 billion.
“This continued upward trend for our foreign trade zone is a reflection of the port’s growth and commitment to be the leading multimodal logistics hub in the Rio Grande Valley,” said Eduardo A. Campirano, Port Director, and CEO. “Our infrastructure expansion at the port supports FTZ No. 62, contributing to economic opportunities for a successful future for the region.”
Top commodities moved through FTZ No. 62 in 2021 were petroleum products, machinery, iron, steel, textiles, footwear, leather goods and fiber materials. FTZ No. 62 includes the Brownsville South Padre Island International Airport, Valley International Airport, Harlingen Industrial Park and Airpark, NAFTA Industrial Park, and FINSA Industrial Park at Los Indios.
The 83rd Annual Report of U.S. Foreign-Trade Zones Board to the Congress of the United States for 2021 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 deep-water 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. As the major multimodal transportation hub serving the Rio Grande Valley and northern Mexico, the Port of Brownsville supports investment opportunities and jobs. Activity at the port is responsible for adding more than $2 billion to the regional economy, $3 billion to the Texas economy, and for the creation of more than 51,000 jobs statewide. For more information, visit www.portofbrownsville.com.