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Home » U.S. Exports Rise 16.7 Percent in First Quarter; On Track to Double Over Next Five Years

U.S. Exports Rise 16.7 Percent in First Quarter; On Track to Double Over Next Five Years

May 25, 2010
Export-Import Bank of the U.S.

U.S. exports of goods and services increased by 16.7 percent during the first quarter, putting the country on track to meet President Obama's goal of doubling exports and supporting 2 million American jobs over the next five years, according to the U.S. Export-Import Bank (Ex-Im Bank).

"This is a great progress report," says Fred P. Hochberg, chairman and president the bank. "What it really says is that there are significant opportunities globally for both large and small U.S. businesses."

The trade figures were announced by the Commerce Department's Bureau of Economic Analysis, which put total U.S. exports during the January-March period at $434bn. The largest percentage increases occurred in Taiwan (80 percent), Korea (66.2 percent), Malaysia (49.2 percent) and China (46.6 percent). 

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Logistics Global Logistics Logistics Outsourcing SC Finance & Revenue Management Business Strategy Alignment Global Supply Chain Management Asia Pacific China North America
KEYWORDS Asia Pacific Business Strategy Alignment China Global Logistics Global Supply Chain Management Logistics Logistics Outsourcing North America SC Finance & Revenue Management
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Export-Import Bank of the U.S.

U.S. Exports Rise 16.7 Percent in First Quarter; On Track to Double Over Next Five Years

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