EXPORT-IMPORT BANK CHAIRMAN'S STATEMENT ON EXPORT DATA RELEASE

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. Exports Reach A Record-High $198.5 Billion in August

Washington, D.C. – Ex-Im Bank Chairman and President Fred P. Hochberg issued the following statement with respect to August’s record-high export data released by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. According to BEA, the United States exported $198.5 billion of goods and services in August 2014, the highest mark for any month ever recorded.

“These numbers are another clear demonstration that the global demand for products stamped ‘Made in America’ continues to grow. Ex-Im Bank is proud to support U.S. exporters and their workers as they expand their sales in the global marketplace, and create quality, middle class jobs here at home.”

Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 47.1 percent above 2009 levels, and have been growing at an annualized rate of 8.6 percent over the last five years.

EXPORT-IMPORT BANK REPORTS U.S. EXPORTS REACH $193.9 BILLION IN MARCH

FROM:  EXPORT-IMPORT BANK 

U.S. Exports Reach $193.9 Billion in March

 Ex-Im Bank Continues to Support U.S. Jobs by Financing U.S. Exports

Washington, D.C. – The United States exported $193.9 billion of goods and services in March 2014, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

“As the numbers prove, consumers around the world favor U.S. goods and services, because they know ‘Made in America’ is the best you can buy,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Ex-Im Bank will continue to support U.S. exporters as they fill orders abroad and support jobs here at home.”

Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 45.1 percent above the level of exports in 2009, and have been growing at an annualized rate of 9.1 percent when compared to 2009.

During the same time period 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 (23.5 percent), Russia (19.4 percent), Peru (18.2 percent), Hong Kong (18.1 percent), Colombia (17.8 percent), Argentina (16.5 percent), Chile (15.9 percent), United Arab Emirates (15.3 percent), China (14.8 percent) and Indonesia (14.7 percent).

EXPORT-IMPORT BANK ANNOUNCES U.S. EXPORTS WERE $190.4 BILLION IN FEBRUARY

FROM:  U.S. EXPORT-IMPORT BANK 
U.S. Exports Reach $190.4 Billion in February
 Ex-Im Bank Continues to Support U.S. Jobs by Financing U.S. Exports

Washington, D.C. – The United States exported $190.4 billion of goods and services in February 2014, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

“The world continues to choose products stamped ‘Made in America,’ as February’s trade numbers show,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Ex-Im Bank’s support of U.S. exporters has helped them seal deals abroad and support vital jobs here at home, all the while generating billions of dollars for taxpayers.”

Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 44.5 percent above the level of exports in 2009, and have been growing at an annualized rate of 9.2 percent when compared to 2009.

During the same time period 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 (23.6 percent), Russia (19.6 percent), Peru (19.4 percent), Hong Kong (18.9 percent), Colombia (17.9 percent), United Arab Emirates (17.1 percent), Argentina (16.4 percent), Chile (16.3 percent), Ecuador (15.2 percent), and Indonesia (15.0 percent).

ABOUT EX-IM BANK:

Ex-Im Bank is an independent federal agency that creates 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, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.

In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses.

U.S. SETS EXPORT RECORD ACCORDING TO EXPORT-IMPORT BANK

FROM:  U.S. EXPORT-IMPORT BANK   
U.S. Exports Reach $2.3 Trillion in 2013
 For Fourth Consecutive Year, U.S. Sets Export Record

Washington, D.C. – The United States has set another annual record for the fourth consecutive year by exporting $2.3 trillion in goods and services in 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

The data also reveals that U.S. exports supported nearly 10 million American jobs in 2013.

In December, the U.S. exported $191.3 billion of goods and services.

“As the numbers prove, American entrepreneurs will continue to outperform their competitors in the global marketplace, as long as they are given a level playing field,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Under the strategic direction established by President Obama’s National Export Initiative, we continue to export more goods at a record pace. By exporting $2.3 trillion in U.S. goods and services and supporting 10 million American jobs, America’s exporters continue to make critical contributions to our economy.”

Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 44.0 percent above the level of exports in 2009. During the same timeframe, exports have been growing at an annualized rate of 9.5 percent when compared to 2009. 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, occurred in Panama (25.9 percent), Russia (20.3 percent), Peru (19.6 percent), Hong Kong (19.2 percent), United Arab Emirates (19.1 percent), Colombia (18.5 percent), Chile (17.1 percent), Ecuador (16.8 percent), Argentina (16.3 percent), and Indonesia (15.5 percent).

EXPORT-IMPORT BANK REPORTS "U.S. EXPORTS REACH RECORD 192.7 BILLION IN OCTOBER"

FROM:  U.S. EXPORT-IMPORT BANK
U.S. Exports Reach a Record $192.7 Billion in October

Washington, D.C. – The United States exported a record $192.7 billion in goods and services in October 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

“With exports rising and the trade deficit falling, it is clear that President Obama’s National Export Initiative is getting results,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Today’s numbers are a welcome reminder of the importance of exports to the U.S. economy. Ex-Im plays a critical role in insuring that financing will not stand in the way of American businesses closing a sale overseas and creating jobs. And as another record month for American exporters and American jobs shows—the ‘Made in America’ brand remains a top seller.”

October’s figure is slightly larger than the previous high recorded in June, which was revised upward this month to $190.9 billion.

Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 43.1 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 9.8 percent when compared to 2009.

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 (27.6 percent), Russia (22.3 percent), United Arab Emirates (20.9 percent), Hong Kong (20.7 percent), Peru (20.2 percent), Chile (19.3 percent), Colombia (18.7 percent), Argentina (17.2 percent), Ecuador (16.9 percent), and Saudi Arabia (16.0 percent).

ABOUT EX-IM BANK:

Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country.

U.S. EXPORT-IMPORT BANK SAYS EXPORTS REACH ALL-TIME HIGH

FROM:  EXPORT-IMPORT BANK 
U.S. Exports Reach All-Time High of $191.2 Billion in June

Exports Up 41.5 Percent Since 2009

WASHINGTON, D.C. – The United States exported a record $191.2 billion of goods and services in June 2013, according to trade data was released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

U.S. exports in June 2013 reached an all-time high, exceeding the previous record of $188.7 billion set in December 2012. The June export level is also 2.2 percent higher than that of the previous month.

“Today’s announcement of record-level U.S. exports in June is a testament to the strength of American exports. Increased exports mean more jobs here at home – the goal of President Obama’s National Export Initiative. We at Ex-Im Bank work every day to help American exporters and their workers succeed in selling their products and services in an increasingly competitive global marketplace,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

Exports of goods and services over the past twelve months totaled $2.2 trillion, which is 41.5 percent above the level of exports in 2009. Exports have been growing at an annualized rate of 10.4 percent when compared to the same period in 2009.

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, occurred in Panama (28.6 percent), United Arab Emirates (23.1 percent), Russia (22.6 percent), Peru (21.9 percent), Chile (21.4 percent), Colombia (19.5 percent), Hong Kong (19.2 percent), Argentina (18.5 percent), South Africa (18.3 percent) and Venezuela (18.1 percent).

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).

EX-IM BANK SAYS U.S. EXPORTED $186 MILLION GOODS AND SERVICES IN FEBRUARY

FROM: U.S. EXPORT-IMPORT BANK
U.S. Exports Total $186 Billion in February;
Exports During Past Year Hit $2.2 Trillion

WASHINGTON, D.C. — The United States exported $186.0 billion of goods and services in February 2013, an increase from January’s exports of $184.4 billion, according to data released Friday by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

"The many successful small- and mid-sized businesses attending last week’s Ex-Im annual conference demonstrated that growing sales and profits in today’s global economy is possible by selling to the 95 percent of the world’s customers located outside the United States", said Ex-Im Bank Chairman and President Fred P. Hochberg. "Export growth remains a vital component of the nation’s economic recovery, and Ex-Im will continue to provide export credit support to American entrepreneurs as they expand their reach to buyers outside our borders."

Hochberg noted that during the first six months of FY 2013 Ex-Im Bank export credit authorizations were strong, amounting to $14.8 billion, supporting over 100,000 U.S. jobs and exceeding the Bank’s authorizations in all of 2008.

U.S. exports of goods and services over the last twelve months totaled $2.2 trillion, which is 39.7 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 11.1 percent when compared to 2009.

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, occurred in Panama (31.8 percent), Russia (25.1 percent), Chile (24.4 percent), United Arab Emirates (23.6 percent), Peru (23.4 percent), Venezuela (22.5 percent), Argentina (21.9 percent), Hong Kong (20.6 percent), Colombia (20.7 percent), and Turkey (20.3 percent).

U.S. EXPORTS REACH NEW ANNUAL RECORD OF NEALY $2.2 TRILLION

FROM: U.S. EXPORT-IMPORT BANK
U.S. Exports Reach $186.4 Billion in December, Rise to Record Annual Total of Nearly $2.2 Trillion in 2012

WASHINGTON, D.C. — The United States exported $186.4 billion in goods and services in December 2012, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

U.S. exports of goods and services in 2012 reached a record annual total of nearly $2.2 trillion ($2.195 trillion), which is 39.1 percent above the level of exports in 2009. Over the past 12 months, exports have been growing at an annualized rate of 11.6 percent when compared to 2009.

"Today’s record-breaking numbers show that U.S. exports in 2012 continued on a historic path of growth," said Ex-Im Bank Chairman and President Fred P. Hochberg. "Thanks to the hard work and ingenuity of our exporters, America is making steady progress towards meeting President Obama’s National Export Initiative goal of doubling exports. Over the past year, U.S. companies big and small have exported almost $2.2 trillion worth of goods and services, fueled by the power of American innovation."

"But we cannot stop here. More can and must be done to increase international sales and create jobs in the United States. Through our nationwide Global Access for Small Business initiative, Ex-Im Bank is reaching out locally to more small and medium-sized businesses to provide them with the export financing and training they need to succeed globally," Hochberg said.

Over the last 12 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, occurred in Panama (52.0 percent), Chile (42.2 percent), Russia (41.4 percent), Peru (37.9 percent), Venezuela (37.6 percent), Argentina (36.2 percent), United Arab Emirates (36.0 percent), Hong Kong (33.4 percent), Turkey (32.9 percent) and Columbia (31.7 percent).

About Ex-Im Bank

Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved nearly $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country.

EXPORT-IMPORT BANK LISTS NATIONS WITH LARGEST INCREASES IN U.S. GOODS PURCHASES

Photo:  Container ships In Panama.  Credit:  CIA World Factbook.

 FROM:  U.S. EXPORT-IMPORT BANK

WASHINGTON, D.C. – The United States exported $181.3 billion in goods and services in August 2012, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.

"I am pleased that U.S. exports remain high, because they are a major contributor to our economic recovery, and help create and sustain jobs across the country," said Export-Import Bank Chairman and President Fred P. Hochberg. "Going forward, we encourage more American companies to compete in international markets, where 95 percent of the world’s customers are located."

Exports of goods and services over the past twelve months totaled $2.173 trillion, which is nearly 37.6 percent above the level of exports in 2009. Over the past twelve months, exports have been growing at an annualized rate of 12.7 percent when compared to 2009.

In June of this year, the U.S. recorded exports of $185.2 billion, an all-time record high.

Among major export markets, the top ten buying countries with the largest annualized increase in purchases of U.S. goods were, when compared to 2009, Panama (34.9 percent), Chile (27.8 percent), Argentina (26.3 percent), Turkey (26.3 percent), Russia (25.7 percent), Hong Kong (25.6 percent), Peru (25.3 percent), United Arab Emirates (21.8 percent), Ecuador (21.6 percent), and Venezuela (20.9 percent).