Ex-Im Bank Authorizes More Than $23.7 billion in First Nine Months of Fiscal 2012
The Export-Import Bank authorized more than $23.7 billion in financing during the first nine months of fiscal 2012, the bank said as the Commerce Department released data showing that U.S. exported $183 billion in goods and services in May. “U.S.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
exports have exceeded $180 billion every month this year,” said Fred P. Hochberg, Ex-Im chairman. “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 $2.15 trillion, which is 36.3 percent above the level of exports in 2009, the bank said. Over the last year, exports have been growing at an annualized rate of 13.7 percent when compared with 2009, it said. 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).