U.S. Exports Reach $184.3 Billion in March Exports Up 39.7 percent since 2009
WASHINGTON, May 2, 2013 /PRNewswire-USNewswire/ -- The United States exported $184.3 billion in goods and services in March 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.
"These numbers highlight how President Obama's National Export Initiative is helping businesses across the country remain globally competitive," said Export-Import Bank Chairman Fred P. Hochberg. "Exports help support U.S. jobs, and the Ex-Im Bank will continue to provide companies with the resources they need to succeed in the global marketplace."
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 10.8 percent when compared to 2009.
Over the last twelve months, among the major export markets the countries with the largest annualized increase in U.S. goods purchases, when compared to 2009, occurred in Panama (31.2 percent), Russia (24.7 percent), United Arab Emirates (24.4 percent), Chile (23.4 percent), Peru (23.4 percent), Venezuela (21.1 percent), Argentina (21.1 percent), South Africa (20.6 percent), Hong Kong (20.6 percent), and Columbia (20.3 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. For more information, visit www.exim.gov.
SOURCE Export-Import Bank of the United States