Friday, August 10, 2012

U.S. EXPORTED $185 BILLION OF GOODS AND SERVICES IN JUINE 2012

FROM: U.S. EXPORT-IMPORT BANK
U.S. Exports in June Reach $185 Billion

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).

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