FTZ Exports Hit Record Highs
The Foreign Trade Zone Boards annual report shows that 2013 had a substantial increase in exports from a U.S. based Foreign Trade Zone (FTZ) since 2012.
- 390,000 persons are employed at an FTZ
- 3,050 firms use FTZs
- 4 new FTZs
- Exports from FTZ facilities amounted to $79.5 billion
- 65% of shipments received in FTZs ($545.5 billion) involved domestic status merchandise, indicating that FTZ activity tends to involve domestic operations that combine foreign inputs with significant domestic inputs.
For more information, visit Sandler, Travis & Rosenberg Trade Report