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Thursday, June 4, 2015

EX-IM BANK CHAIRMAN HOCHBERG'S STATEMENT ON EXPORT DATA

FROM:  U.S. EXPORT-IMPORT BANK
Export-Import Bank Chairman Fred P. Hochberg’s Statement on Recent Export Data Released from Commerce Department
U.S. Exports Reach $189.9 Billion in April

Washington, D.C. – According to the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department, the United States exported $189.9 billion of goods and services in April, 2015. Export-Import Bank of the United States (EXIM) Chairman and President Fred P. Hochberg issued the following statement with respect to April’s export data released by BEA.

“These numbers are a testament to the ingenuity of U.S. exporters, who face off against tough foreign competitors in the global marketplace every day in order to win sales and create more middle class American jobs,” said Hochberg. “At EXIM, we are proud to serve as a vital resource for thousands of American businesses, 90 percent of which are small, by equipping them with financing tools that empower them to confidently export while creating jobs here at home.”

ABOUT EX-IM BANK:

EXIM Bank is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Ninety percent of its transactions directly serve American small businesses.

In fiscal year 2014, EXIM Bank approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.