Puerto Rico life sciences exports up 8%
Commercial capacity is up seven percent year-on-year.
Manuel Cidre, Secretary of the Department of Economic Development and Commerce.
The Puerto Rico Life Sciences Air Cargo Community is reporting steady growth of life sciences exports and has attracted new cargo capacity, according to figures provided by Rotate.
Rotate, an air cargo consulting and data specialist, has partnered with the Community to provide members with insights into the Puerto Rican air cargo market, according to the release from the Puerto Rico Life Sciences Air Cargo Community.
Healthcare exports from the island have increased by eight percent, while commercial capacity has risen by seven percent year-on-year.
Air cargo capacity on flights to Europe increased by 22 percent while capacity on routes to South America was up 35 percent compared to last year.
The data indicates a reduced reliance on integrator capacity, which has dropped by two percent compared to 2023, now at 64 percent, while overall integrator capacity has remained stable.
“The Rotate report offers essential insights into Puerto Rico's air cargo landscape, providing our logistics community with the knowledge needed to stay informed and understand the dynamics of life sciences cargo movement,” says Varlin Vissepó, Executive Director and Chairman, Puerto Rico Life Sciences Air Cargo Community.
“This data empowers the Puerto Rico Life Sciences Air Cargo Community to make informed decisions that strengthen our collective position in the industry. We deeply value the strong support from the Department of Economic Development and Commerce (DEDC), which has been instrumental in advancing our shared initiatives. Together, we are making significant strides in positioning Puerto Rico as a key player in global life sciences logistics.”
“The Rotate report is a testament to the significant progress made in establishing Puerto Rico as a premier life sciences airfreight hub in the Americas,” says Manuel Cidre, Secretary, DEDC.
“The Department of Economic Development and Commerce is proud to support the Puerto Rico Life Sciences Air Cargo Community in its efforts to expand life sciences exports and attract new air cargo capacity. Our collaborative initiatives — including the IATA CEIV certification programme, the development of a comprehensive industry dashboard, and incentives to enhance climate-controlled warehousing —have been instrumental in driving these positive results. The data clearly demonstrates that Puerto Rico is on the right path to becoming a global leader in life sciences logistics.”
