FOR IMMEDIATE RELEASE August 9, 2012
Adrian Gianforti (202-565-3200)
Washington, D.C. - The United States exported $185 billion in goods and services in June 2012, according to data released today by the U.S. Commerce Department. This is an all-time high overtaking the previous record of $184.4 billion in March 2012.
This is the highest value ever recorded for the export of U.S. goods and services, said Fred P. Hochberg, chairman and president of Ex-Im Bank. Exporting is paying off for American workers at home, and it is essential we continue to cultivate business overseas to support the U.S. economy.
U.S. exports of goods and services over the last twelve months totaled $2.165 trillion, which is 37.1 percent above the level of exports in 2009. Over the last twelve months, U.S. exports have been growing at an annualized rate of 13.5 percent when compared to 2009.
Over the last twelve months, the major export markets with the largest annualized increase in purchases of U.S. goods were Panama (38.1 percent), Turkey (29.5 percent), Argentina (29.1 percent), Hong Kong (28.3 percent), Chile (28.1 percent), Russia (26.4 percent), Honduras (26.1 percent), Peru (25.5 percent), Brazil (22.7 percent) and Ecuador (22.1 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, Ex-Im Bank has earned for U.S. taxpayers $1.9 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 $32.7 billion in total authorizations in FY 2011 -- an all-time Ex-Im record. This total includes more than $6 billion directly supporting small-business export sales -- also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $41 billion in U.S. export sales and approximately 290,000 American jobs in communities across the country. For more information, visit www.exim.gov.