Saturday, July 6, 2013

EXPORT-IMPORT BANK SAYS U.S. EXPORTS REACHED $187.1 BILLION IN MAY

FROM:  EXPORT-IMPORT BANK
U.S. Exports Reach $187.1 Billion in May
Exports Up 41% Since 2009

Washington, D.C. – The United States exported $187.1 billion in goods and services in May 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

Exports of goods and services over the last twelve months totaled $2.2 trillion, which is 41.2 percent above the level of exports in 2009. Exports have been growing at an annualized rate of 10.6 percent during the same period when compared to 2009.

“These numbers reflect the continued competitiveness of American exporters in the global marketplace,” said Export-Import Bank Chairman and President Fred P. Hochberg. “It is clear that foreign countries continue to ‘buy American’ because of the superior quality of our products and services and the unrivaled innovation of our workforce. Ex-Im Bank remains committed to supporting U.S. jobs by promoting U.S. exports.”

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, were Panama (29.4 percent), United Arab Emirates (24.1 percent), Russia (23.4 percent), Peru (22.2 percent), Chile (21.5 percent), Colombia (19.7 percent), Venezuela (19.4 percent), South Africa (19.1 percent), Hong Kong (18.9 percent), and Argentina (18.8 percent).

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