Sunday, July 22, 2012

EXPORT-IMPORT BANK AUTHORIZED $23.7 BILLION IN FIRST NINE MONTHS OF FY 2012

FROM:  U.S. EXPORT-IMPORT BANK
U.S. Exports in May Reach $183.1 Billion
Ex-Im Bank Authorizes More than $23.7 billion in first nine months of FY’12

WASHINGTON, D.C. – The United States exported $183.1 billion in goods and services in May 2012, according to data released today by the U.S. Commerce Department. The all-time high of $184.4 billion was recorded in March 2012. Preliminary data shows that Ex-Im Bank authorized more than $23.7 billion in financing during the first nine months of Fiscal Year 2012.

“U.S. exports have exceeded $180 billion every month this year,” said Fred P. Hochberg, chairman and president of Ex-Im Bank. “Exports remain a true bright spot in our economic recovery and are instrumental in creating and sustaining American jobs.”

Exports of goods and services over the last twelve months totaled $2.152 trillion, which is 36.3 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 13.7 percent when compared to 2009.

Over the last twelve months, the major export markets with the largest annualized increase in U.S. goods purchases were Panama (37.5 percent), Turkey (31.5 percent), Argentina (30.1 percent), Chile (29.1 percent), Hong Kong (29.0 percent), Honduras (27.8 percent), Peru (26.3 percent), Russia (26.2 percent), Brazil (23.5 percent), and Ecuador (22.7 percent).

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