Tuesday, October 7, 2014

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.

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