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Export-Import Bank Chairman Fred P. Hochberg’s Statement on the Release of Export Data from the Commerce Department

U.S. Exports Reach $187.8 Billion in March

FOR IMMEDIATE RELEASE May 6, 2015

Media Contact Name/Phone: 

Office of Communications (202-565-3200)

For Immediate Release: Tuesday, May 5, 2015

Washington, D.C. – EXIM Bank Chairman and President Fred P. Hochberg issued the following statement with respect to March’s export data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.  According to BEA, the United States exported $187.8 billion of goods and services in March, 2015.

“When operating on a level playing field, American exporters can compete against anyone,” said Hochberg. “At EXIM Bank, we will continue to partner with American exporters so they can close more deals abroad and support more middle class jobs here at home.”

ABOUT EXIM BANK:

EXIM Bank is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Ninety percent of its transactions directly serve American small businesses.

In fiscal year 2014, EXIM Bank approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.

Small business exporters can learn about how EXIM Bank products can empower them to increase foreign sales by clicking here. For more information about EXIM, visit www.exim.gov.