Exports of goods and services over the past 12 months totaled $2.2 trillion, 38.7 percent higher than the level of exports in 2009, with exports growing an average of 11.9 percent annually in that time, according to data released by the U.S. Commerce Department’s Bureau of Economic Analysis.
Among major export markets, the top 10 buying countries with the largest annualized increase in purchases of U.S. goods since 2009 were Panama (32.1 percent), Chile (26.3 percent), Russia (25.3 percent), Argentina (23.9 percent), Peru (23.9 percent), Venezuela (22.9 percent), Turkey (22.7 percent), United Arab Emirates (22.5 percent), Hong Kong (20.1 percent), and South Africa (20.0 percent).
“Exports create jobs, grow our economy, and increase American competitiveness,” said Ex-Im Bank Chairman and President Fred P. Hochberg, in a statement. “Over the past year, U.S. companies have exported more than $2 trillion worth of goods and services. There is more work to be done.” – Eric Johnson
U.S. exports up 11.7% per year since 2009
