Major Free Trade and Exporting Zone:
Foreign Trade Zone # 61, San Juan, PR
Attractive Industries to invest:
Electronic and electro mechanics products, automobile accessories contract manufacturing and medical devices.
Exports
Exports of recorded merchandise reached $55.0 billion in Fiscal Year 2004. This represents an increase of $95million, with respect to Fiscal Year 2003. In percentage terms, this corresponds to a negative growth of 0.2 % with respect to 2003.
The rate of annual average growth for exports for last the seven years was 13%.
An assortment of export products in Fiscal Year 2004 included:
Chemicals
Electronic products
Apparel
Tuna
Rum and other alcoholic beverages
Imports
Imports of recorded merchandise reached $38.8 billion in Fiscal Year 2004. This represents an increase of 15.2% with respect to Fiscal Year 2003.
The most important products imported in Fiscal Year 2004 were under the following categories:
Durable consumption goods ( i.e. motor vehicles, electric equipment)
The average rate of growth for imports over the last seven years is 9.1%
Other import goods: Chemicals, machinery and equipment, apparel, foods, oil, etc.
Trade Balance
The balance of trade for Fiscal Year 2004 was positive generating a surplus of $16.1 billion, which represented a decrease of 24.7% in the average rate of growth with respect to Fiscal Year 2003.
The average rate of growth for trade for the last seven years is 44.9%
