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Trade in Miami International Airport up by 48% in 2016

Trade in Miami International Airport up by 48% in 2016

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

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

The growth in life sciences cargo reflects the airport’s investments in specialist pharma handling capabilities and its continuing position as the premier US and Latin American international air cargo hub.

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. MIA was recognized for organizing its pharma logistics providers to undergo IATA’s Centre of Excellence for Independent Validators (CEIV) pharma certification programme, which certifies that pharma products are transported in accordance with global best practices

To grow the global pharmaceutical air cargo industry, MIA and our CCA member, Brussels Airport – the first two IATA-designated pharma freight hubs in the world – partnered to create Pharma.Aero in October 2016. The goal of the association is to be a collaborative group of airport operators, pharma shippers, CEIV-certified cargo communities and other air pharma stakeholders focused on improving pharma handling and quality in the air cargo industry worldwide. 

Since its launch, Pharma.Aero has added Singapore Changi Airport, Sharjah International Airport, Chatrapati Shivaji (Mumbai) International Airport, Brussels Airlines, Singapore Airlines, Brinks Life Sciences, Johnson & Johnson, Pfizer, and Merck Sharp & Dohme Corp. as strategic members.

“Our efforts to maximize pharma freight traffic at MIA continue to pay dividends for Miami-Dade County, the state, and the nation,” said Miami-Dade Aviation Director Emilio González. “The World Health Organization projects that the global pharma industry will rise in value from $300 billion to $400 billion within the next three years, and we want to position MIA at the centre of that growth trend.”

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.