Monday, July 17, 2006

 

Ontario now a global leader in trade activity

According to a report released by the City of Ontario, the city's international trade is fueling the local economy.

Total two-way trade in 2004 for the region was valued at $8.1 billion or 10.6% of the Inland Empire's total personal income with exports represented $3 billion with imports representing $5.1 billion, it said.

The city led the region's activity with $2.8 billion in total 2004 two-way trade or 38% of the Inland Empire's total.

From 2000 to 2004 total trade for the city increased 98% in real terms with exports growing at a rate of 145% and imports growing at a rate of 92%.

LA Ontario International Airport (ONT) contributed significantly to Ontario's international trade growth with ONT already ranked as the 15th busiest cargo airport in the nation.

It's expected that in 15 years ONT's cargo operations will match that at Los Angeles International Airport.

Full Story Here

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