U.S. Exports Up 41% Since 2009
FOR IMMEDIATE RELEASE June 4, 2013
Jamie Radice (202-565-3200)
WASHINGTON, D.C. — The United States exported $187.4 billion in goods and services in April 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. This is the second highest level of exports ever recorded after the $188.7 billion figure in December 2012.
These numbers highlight the strong focus President Obama has placed on increasing our nation's exports and helping U.S. businesses remain globally competitive, said Export-Import Bank Chairman and President Fred P. Hochberg. America has the best workers, products, and services in the world, and I am pleased that companies across the country are taking advantage of global business opportunities. Ex-Im Bank remains committed to helping our nation's business owners grow their sales and create jobs through exports.
Exports of goods and services over the last twelve months totaled $2.2 trillion, which is 41 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 10.8 percent when compared to 2009.
Over the last twelve months, among the major export markets (i.e., markets with at least $6 billion in annual imports of U.S. goods), the countries with the largest annualized increase in U.S. goods purchases, when compared to 2009, occurred in Panama (30.0 percent), United Arab Emirates (24.7 percent), Russia (24.1 percent), Peru (22.5 percent), Chile (22.2 percent), Argentina (20.4 percent), Venezuela (20.2 percent), Colombia (20.0 percent), South Africa (19.5 percent), and Hong Kong (19.3 percent).
About Ex-Im Bank
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved nearly $35.8 billion in total authorizations in FY 2012 - an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales - also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.