Key Findings from the Competitiveness Report

EXIM Bank is an independent federal agency that supports American job growth by equipping U.S. businesses with the financing tools they need to succeed on the global stage.

THE GLOBAL EXPORT LANDSCAPE

  • For decades,100% of government export financing fell under the responsible lending and transparency standards of the Organisation for Economic Cooperation and Development (OECD).
  • Between 1999 and 2014, that share fell from 100% to just over one-third.
  • As more and more countries introduce new ECA financing programs that do not follow the OECD lending guidelines, the world risks a financing race to the bottom.

KEEPING AMERICA COMPETITIVE

  • EXIM provides responsible, rules-based financing to U.S. exporters so they have an opportunity to compete on their merits in the global marketplace.
  • EXIM Bank authorized $12 billion in mediumand long-term official export support in 2014, all of which fell under the OECD Arrangement.
  • Korea’s trade-related official support was more than double that of the U.S. in 2014, despite the fact that the U.S. economy is eleven times larger than the Korean economy.
  • Just one of China’s ECAs has provided more financing to Chinese exporters in the last two years than EXIM has provided to U.S. exporters in its 81-year history.
85
ECAs around the world competing aggressively on behalf of their exporters.
40%
China’s export credit financing growth in 2014, while the rest of the world remained flat.

34%
of official financing follows OECD lending and transparency rules—down from 100% just 16 years ago.


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