Saturday, May 18, 2024
Pharma trade at Miami on the up in 2016

Pharma trade at Miami on the up in 2016

The amount of pharmaceutical cargo handled at Miami International Airport (MIA) in 2016 surged by 48 per cent year-over-year to $4.4 billion.

And since 2010, the total value of pharma shipments was $1.8 billion, and MIA’s pharma trade has grown by 140 per cent.

MIA says the sector helped boost the total value of international freight originating from and destined to MIA in 2016 by eight per cent to $57.3 billion in 2016, according to recently released data by the US Department of Commerce.

Miami-Dade County Mayor, Carlos A. Gimenez says: “MIA’s continued growth means a stronger economy and more job creation for our community. That’s something each of our 2.7 million residents can be proud of.”

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 recognised for organising its pharma logistics providers to undergo IATA’s Center of Excellence for Independent Validators (CEIV) Pharma Certification Program.

MIA and 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.

“Our efforts to maximise pharma freight traffic at MIA continue to pay dividends for Miami-Dade County, the state and the nation,” says Miami-Dade Aviation director, Emilio T. 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 center 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 per cent of all air imports and 79 per cent 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 per cent of all flower air imports; 66.7 per cent of all fruit and vegetable air imports; and 49.8 per cent of all fish air imports. In Florida, MIA’s 2016 air trade amounted to 92 per cent of the state’s total air trade value and 40 percent of its combined (air & sea) trade value.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.


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