U.S. Exports Reach $189.4 Billion in July
Exports Up 41.7 percent since 2009
WASHINGTON, Sept. 4, 2013 /PRNewswire-USNewswire/ -- The United States exported $189.4 billion in goods and services in July 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. July's exports came in just shy of June's all-time record high of $190.5 billion.
"These numbers demonstrate that President Obama's National Export Initiative continues to help American businesses thrive in international markets," said Export-Import Bank Chairman Fred P. Hochberg. "Exports are a critical component of our nation's economic success, and I look forward to seeing more 'Made in the USA' labels on shelves around the world."
Exports of goods and services over the last twelve months totaled $2.2 trillion, which is 41.7 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 10.2 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 (28.6 percent), Russia (22.1 percent), United Arab Emirates (21.9 percent), Peru (21.3 percent), Chile (20.9 percent), Colombia (19.7 percent), Hong Kong (19.5 percent), Argentina (18.3 percent), Ecuador (18.0 percent), and South Africa (17.7 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. For more information, visit www.exim.gov.
SOURCE Export-Import Bank of the United States