Export-Import Bank of the United States | 2011 Annual Report

Key Industries


Ex-Im Bank is focusing on a number of industries with high potential for U.S. export growth: agribusiness, aircraft and avionics, construction, medical technologies, mining, oil and gas, and power generation, including renewable energy. These industries support the critical needs of a growing number of middle-class consumers in emerging and other global markets that offer U.S. exporters some of their best opportunities for sales growth.

In FY 2011, Ex-Im Bank

  • FY 2011 Authorizations in Key Industries

    (in millions)
    Industry Sector Amount Authorized
    Oil and Gas $4,840
    Mining 150
    Agribusiness 830
    Renewable Energy 720
    Construction 1,240
    Medical Equipment 190
    Aircraft and Avionics 12,620
    Power Generation 2,220
    Approved more than $1.2 billion in support of U.S. construction equipment and services exports to many foreign projects, including $38.5 million for exports used in highway construction in the Dominican Republic.
  • Authorized more than $5 billion to support U.S. services exports, including engineering, design, construction, computer software, oil and gas drilling, architecture, transportation services, legal services, training and consulting.
  • Supported U.S. agribusiness through $830 million in authorizations for exports that included agricultural goods and services, including farm equipment, commodities, livestock, chemicals, supplies and services.


Support for Energy-Related Industries

Ex-Im Bank supported a wide variety of U.S. companies that participated in foreign energy-production projects, including those producing energy from renewable sources. In FY 2011, the Bank

  • Authorized more than $7.7 billion to support U.S. exports related to
    the energy sector, which included energy-extraction industries,
    pipelines and power generation, including renewable energy.
  • Authorized $721.4 million to finance renewable-energy exports and exports to renewable-energy projects. This amount far exceeded the amounts authorized for these exports in the previous three fiscal years ($332 million in FY 2010, $101 million in FY 2009 and $30.4 million in FY 2008). See Renewable Energy.
  • Approved 79 transactions under loan, guarantee and working capital guarantee products and approximately 80 new and renewed export-credit insurance policies to finance U.S. exports related to foreign-energy development, production and transmission. These activities include electric-power generation and transmission, coal mining, oil-field and gas-field exploration, development and production, pipelines and refineries in countries that included India, Colombia, Mexico, South Africa and Turkey.
  • Financed the sale of $1.7 billion of U.S. exports of goods and services to five new fossil-fuel power plants. The Bank estimates that the aggregate amount of carbon-dioxide emissions produced directly by these projects will total approximately 63.95 million metric tons per year. Of this amount, 56.3 million tons is estimated to be produced by two coal-fired power plants projects and 7.65 million tons is estimated to be produced by three gas-fueled combined-cycle power plant projects.
  • Financed the sale of $3.2 billion of U.S. exports to oil-field and gas-field exploration, development and production projects, two oil-refinery projects, an ethanol production facility and a natural gas pipeline project. The Bank estimates that the aggregate amount of carbon-dioxide emissions produced directly by these projects will total approximately 4.05 million metric tons per year. Of this amount, 1.1 million tons is estimated to be produced by the oil and gas field development and production projects, 2.2 million tons is estimated to be produced by two petroleum refining projects, 0.45 million tons is estimated to be produced by a natural gas pipeline project, and 0.3 million tons is estimated to be produced by an ethanol production project.

 

Supporting U.S. Exports of Farm Equipment

Exporter: CNH America, Benson, Minnesota
Destination Market: China
Ex-Im Bank Product: Long-term loan guarantee
Jobs Supported: 50


Success Story Photo

Photo courtesy of CNH America LLC

CNH Global N.V. is a world leader in the manufacturing of agricultural and construction equipment. With the assistance of Ex-Im's long-term loan guarantees, the company's subsidiary, CNH America LLC, was able to arrange buyer financing for a series of four contracts for the sale of cotton-harvesting equipment to a Beijing-based company, Xinjian Agricultural Cultivation Group, totaling over $92 million. The most recent phase of the series was in August 2011 for $62.8 million. As a result of Ex-Im’s support, CNH expanded its plant in Benson, Minn., which added 50 jobs this year.

CNH America export sales worldwide were $1.7billion in 2010. Ex-Im Bank’s financing has helped CNH America substantially increase its export of cotton-harvesting equipment to China. These sales cover the first 330 units in a multi-purchase plan by the buyer to acquire 450 cotton harvesting machines. The contracts cover the machines, spare parts, transportation, training and related services. The machinery will be used at the Xinjian Agricultural Group’s farms in northwest China to harvest cotton, which will then be sold in the Chinese market.

CNH Global N.V. was formed in 1999 through the merger of New Holland NV and Case Corp. CNH unites two renowned international companies with roots dating back to the 1800s.

 

Engineering Firm in the Oil-and-Gas Industry Grows Sales With Ex-Im Support

Exporter: Quantum Reservoir Impact, Houston, Texas
Destination Markets: Mexico, Kuwait and Others
Ex-Im Bank Product: Working Capital Loan Guarantee
Jobs Supported: 100


Success Story Photo

Photo courtesy of Quantum Reservoir Impact

Quantum Reservoir Impact (QRI), based in Houston, Texas, exports reservoir management equipment and services for the upstream sector of the oil-and-gas industry. QRI also provide engineering consulting services to help companies achieve higher hydrocarbon recoveries, greater production performance and improved efficacy of capital programs and environmental policies.

With a support of a $16.7 million Ex-Im-guaranteed working capital loan from Amegy Bank in Houston that was approved in September 2011, QRI has been able to provide reservoir management consulting and ancillary equipment and services to Pemex in Mexico and to the Kuwaiti National Oil Company. QRI anticipates adding jobs with this extra capital and continuing its steady growth.

"It is difficult if not impossible for new ventures like QRI to get adequate funding and that's why I say we are indebted to the Ex-Im Bank. Without them there would be no QRI," said Dr. Nasan G. Saleri, QRI president and CEO. "Over the last four years, QRI has grown from just a small group of six to a network of over one hundred, and Ex-Im Bank has allowed us to continue that type of extensive growth."