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Contribution of Exports to Economic Growth and Important Role of the Export-Import Bank

Joint Economic Committee, Vice Chair – The Contribution of Exports to Economic Growth and the Important Role of the Export-Import Bank, September 9, 2014.

“Exports make a critical contribution to U.S. economic growth and job creation. Ninety-five percent of the world’s potential customers live outside of the United States, and exports offer an opportunity for American businesses to tap into new markets around the globe. Total exports of goods and services reached a record high of nearly $2.3 trillion in 2013. American businesses ranging from manufacturers to  agricultural producers have increased their exports in recent years, helping to support economic
recovery and job growth. As the official export credit agency of the United States, the Export-Import Bank (the Ex-Im Bank) provides loans, loan guarantees and insurance
policies that increase export opportunities for U.S. businesses. The Ex-Im Bank authorized 3,413 small-business transactions in fiscal year 2013, an increase of 34.4 percent from 2009.”

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