U.S. Exports Reach $180.5 Billion in October
WASHINGTON, Dec. 11, 2012 /PRNewswire-USNewswire/ -- The
United States exported $180.5 billion
in goods and services in October
2012, according to data released today by the Bureau of
Economic Analysis (BEA) of the U.S. Commerce Department.
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"President Obama's National Export Initiative has helped create
or sustain high-quality jobs and put Americans back to work," said
Ex-Im Bank Chairman and President Fred P.
Hochberg. "While today's numbers show that there is more
work to be done, the Bank will continue to level the playing field
by ensuring that U.S. companies can compete globally and that small
and medium-sized business owners have access to export
financing."
Exports of goods and services over the past twelve months
totaled $2.183 trillion, which is
38.3 percent above the level of exports in 2009. Over the
last twelve months, exports have been growing at an annualized rate
of 12.1 percent when compared to 2009.
In September of this year, the U.S. recorded exports of
$ 187.3 billion, an all-time record
high.
Among major export markets, the top ten buying countries with
the largest annualized increase in purchases of U.S. goods were,
when compared to 2009, Panama
(32.9 percent), Chile (26.6
percent), Argentina (24.9
percent), Peru (24.7 percent),
Russia (24.4 percent),
Turkey (23.5 percent),
Venezuela (22.4 percent),
United Arab Emirates (22.0
percent), Hong Kong (20.9
percent), and South Africa (20.6
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 $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