China and Florida have a prosperous and mutually beneficial commercial relationship, with bilateral trade and investment on a strong growth trajectory for many years. Between 2008 and 2017, exports of goods from Florida to China have grown by 114%, while services exports have increased by 244% over the same period. China now ranks as Florida’s 6th-largest export market for goods, and 3rd-largest market for services in the world. Florida’s commercial partnership with other countries in the region has similarly exhibited an upward trend.
Florida companies have also been very active in South East Asia. The state’s most important markets for Florida-origin exports are Malaysia and Singapore. Countries such as Vietnam and Indonesia are among Florida’s top 50 merchandise trading partners, with Indonesia having seen a 63% increase in merchandise exports from Florida between 2016 and 2017.
For companies in China and South East Asia, Florida offers unprecedented access to cutting-edge products and services, as well as attractive investment opportunities. Much as Hong Kong acts as a gateway to the vast Chinese market, Florida is the gateway to high-growth, increasingly sophisticated markets throughout Latin America and the Caribbean, with more than 650 million consumers and a nominal economic output of US$6 trillion.
In addition to Florida’s status as a premier global travel destination, the Sunshine State is home to some of America’s most dynamic and innovative companies. Some of Florida’s leading economic sectors include:
Enterprise Florida‘s Regional Office for China and South East Asia is located in Hong Kong. We provide information and assistance to Asian companies interested in establishing operations in Florida, or identifying strategic partners in Florida. We also assist Florida companies in exporting to Asian markets, by providing specific market information and regulatory guidance, identifying potential business partners, and otherwise opening business opportunities.