FROM: U.S. EXPORT-IMPORT BANK
U.S. Exports Reach $192.5 Billion in January
Ex-Im Bank Continues to Support U.S. Jobs by Financing U.S. Exports
Washington, D.C. – The United States exported $192.5 billion of goods and services in January 2014, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.
“U.S. exports are off to a great start for 2014.” said Export-Import Bank Chairman and President Fred P. Hochberg. “Sending our exports abroad is critical to creating jobs here at home. And the Export-Import Bank is a critical link in that chain, connecting America’s small businesses to the 95% of the world’s customers that live outside our borders. As today’s encouraging numbers show, the Ex-Im Bank will continue to explore new opportunities to boost U.S. exports and support American jobs.”
January’s total is smaller than November’s $194.7 billion figure, which was revised slightly downward for the second straight month, but remains the record high. A review was conducted of the 2013 trade data and the figures for each month were revised.
Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 44.3 percent above the level of exports in 2009, and have been growing at an annualized rate of 9.4 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 (24.5 percent), Russia (20.2 percent), Hong Kong (19.6 percent), Peru (19.3 percent), Colombia (18.4 percent), United Arab Emirates (18.1 percent), Ecuador (17.2 percent), Chile (17.0 percent), Argentina (16.3 percent), and Indonesia (15.2 percent).
