US Exports Reach $189.4B in July

By September 9, 2013 Export

The United States exported $189.4 billion in goods and services in July 2013, according to data released earlier by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. July’s exports came in just shy of June’s all-time record high of $190.5 billion.

“These numbers demonstrate that President Obama’s National Export Initiative continues to help American businesses thrive in international markets,” said Export-Import Bank Chairman Fred P. Hochberg. “Exports are a critical component of our nation’s economic success, and I look forward to seeing more ‘Made in the USA’ labels on shelves around the world.”

 Exports of goods and services over the last twelve months totaled $2.2 trillion, which is 41.7 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 10.2 percent when compared to 2009.

Over the last twelve months, among the major export markets, the countries with the largest annualized increase in U.S. goods purchases, when compared to 2009, occurred in Panama (28.6 percent), Russia (22.1 percent), United Arab Emirates (21.9 percent), Peru (21.3 percent), Chile (20.9 percent), Colombia (19.7 percent), Hong Kong (19.5 percent), Argentina (18.3 percent), Ecuador (18.0 percent), and South Africa (17.7 percent).

SOURCE: Export-Import Bank of the United States