Industries
Expanding a Services Company's Reach Beyond North America
For New Hampshire-based Boyle Energy Services and Technology Inc. (BES&T), its customer base used to be limited to North American neighbors, Mexico and Canada. Thanks to the support of short-term export-credit insurance from Ex-Im Bank, oceans have been crossed and the company is thriving through sales to international markets beyond North America.
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Ex-Im Bank has identified a number of key industries with particularly high potential for increased U.S. exports and related strong job growth: agribusiness, aircraft and avionics, construction, mining, oil and gas, and power generation, including renewable energy. These industries not only support American jobs, they support the needs of global markets that offer U.S. exporters some of their best opportunities for sales growth.
In FY 2012, Ex-Im Bank
- Authorized more than $4.8 billion to support U.S. goods and services exports related to petroleum development and refining.
- Approved more than $2.7 billion to support exports to power-generation projects around the globe, including nearly $2 billion to support the export of American equipment and service-expertise from Westinghouse Electric Co. and other U.S. companies for the construction of a nuclear-power plant in the U.A.E.
- Provided $355.5 million in financing for U.S. exports related to renewable-energy production, including $216 million for five solar projects in India and $80.6 million for two projects in Brazil, supporting U.S. exporters in the biogas-reclamation and wind-energy sectors.
- Authorized more than $10.5 billion to finance service exports, including engineering, design, construction, computer software, oil and gas drilling, architecture, transportation services, legal services, training and consulting. This support represents an increase of 110 percent over FY 2011 authorizations and is up more than 460 percent from FY 2008.
- Supported more than $712 million of U.S. agribusiness exports that included farm equipment, commodities, livestock, chemicals, supplies and services.
- Approved $125 million to provide liquidity and risk protection to U.S. textile mills.
Authorizations in Top Sectors
| ($ millions) |
| |
FY 2009 |
FY 2010 |
FY 2011 |
FY 2012 |
 |
| Oil and Gas |
1,424 |
4,643 |
4,835 |
4,571 |
| Mining |
17 |
896 |
150 |
140 |
| Agribusiness |
363 |
634 |
830 |
628 |
| Renewable Energy |
90 |
332 |
720 |
356 |
| Construction |
187 |
231 |
1,240 |
203 |
| Medical Equipment |
138 |
114 |
190 |
112 |
| Aircraft and Avionics |
9,321 |
7,246 |
12,620 |
11,513 |
| Power Generation |
1,359 |
581 |
2,220 |
2,764 |
