MIAMI (AP) — The value of imports and exports moving through South Florida fell just over 3 percent last year, putting Miami Customs District 12th among the nation's 43 customs districts. The numbers might have been worse but for gold. The Miami region is a key transit point for Latin American gold en route to Switzerland and the United Arab Emirates. The global recession has sparked a surge in demand for gold. Total trade for the Miami region was more than $120 billion, with a 7 percent drop in exports. Imports were up by 2 percent.
The Miami Herald reported Saturday Brazil remained the region's top trading partner (http://hrld.us/1gtUaxi ), in part due to the expansion of aircraft related sales. Colombia is second. Others in the top ten trading list: China, Venezuela and Switzerland.