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Saturday, February 7, 2015

EX-IM BANK CHAIRMAN MAKES STATEMENT ON EXPORT DATA

FROM:  U.S. EXPORT-IMPORT BANK 
Export-Import Bank Chairman Fred P. Hochberg Statement on the Release of Export Data from the Commerce Department
U.S. Sets Record for Fifth Consecutive Year

Washington, D.C. – Ex-Im Bank Chairman and President Fred P. Hochberg issued the following statement with respect to the FY 2014 export data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. According to BEA, the United States exported a record $2.345 trillion of goods and services in FY 2014, which represents a 2.9 percent increase and a record high for the fifth consecutive year.

In December, the United States exported $194.9 billion of goods and services. This figure represents a decrease from November’s $196.4 billion exports total, which was revised slightly upward.

“These export numbers are a testament to the quality and innovation of American goods and services, but they don’t mean we can rest on our laurels,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “The thousands of U.S. businesses, small and large, that count on Ex-Im Bank being there to support them to win export sales and add good-paying jobs here in America can’t afford an unforced error that would threaten the positive momentum demonstrated by today’s news.”