U.S. EXPORTS

From American Shipper--




U.S. exports reach $195.5B in May

Monday, July 07, 2014

By Chris Gillis

   The U.S. Commerce Department reported that the country’s exports of goods and services increased to a monthly record of $195.5 billion from $193.5 billion in April.
   Exports of goods and services over the last 12 months totaled $2.3 trillion, which is 45.7-percent above the level of exports in 2009, and have been growing at an annual rate of 8.9 percent when compared to 2009, according to the U.S. Export-Import Bank.
   Over the same period, the bank noted the countries with the largest annual increases in U.S. goods purchases, when compared to 2009, were Panama (22.5 percent), Russia (19.6 percent), Peru (17.9 percent), Colombia (17.4 percent), Ecuador (17.3 percent), Hong Kong (17.3 percent), Argentina (16.3 percent), Nigeria (15.1 percent), Chile (14.8 percent) and Indonesia (14.6 percent).
   U.S. exports reached a record high of $2.3 trillion dollars last year.