Container throughput at Miami was up 17% in January, a welcome sign for a port that has yet to benefit from the expanded Panama canal.
The port of Miami reports January 2019 was its busiest January ever, with container throughput up 17%.
The jump is welcome news for Miami, which has seen the least benefit from the expanded Panama Canal of all the major US East Coast container ports. Miami handled 1.04M TEU in 2017 (up 1.6% on 2016). In 2018 throughput inched up to 1.08M TEU, while ports further up the coast recorded much larger increases.
Miami’s main role remains as a hub for the Caribbean and Central Americas, which is reflected in its trade statistics. In 2018 its top import markets were China (140,469 TEU), followed by Honduras (26,236 TEU), Guatemala (21,236 TEU) then the Dominican Republic (19,620 TEU).
Miami’s top export markets in 2018 were Honduras (35,302 TEU), Dominican Republic (23,900 TEU) and Jamaica (19,458 TEU). China came in fourth with 19,066 TEU, the only non Caribbean Central/American country in the port’s top 10 export partners.