U.S. exports increase 16.6 percent in 2010

U.S. exports increase 16.6 percent in 2010

2011-02-15 08:59:29 GMT+7 (ICT)

WASHINGTON, D.C. (BNO NEWS) -- U.S. exports (goods and services) grew 16.6 percent in 2010, according to data released by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.  

BEA reported that U.S. exports totaled about $1.8 trillion for 2010, an increase of 16.6 percent from 2009 when they totaled about $1.57 trillion. Exportations high numbers were especially evident for December, as they totaled $163 billion, the highest monthly figure since July 2008.

Furthermore, the Export-Import Bank of the United States (Ex-Im Bank) on Monday announced that its first-quarter results for Fiscal Year 2011 showed that small business authorization volume in dollars jumped 22.46 percent over the same quarter of 2010.

Among the major export markets (defined as markets averaging at least $500 million per month in imports of U.S. goods), the largest percentage increases in U.S. goods purchases occurred in Turkey (48.7 percent), Panama (41.4 percent), Taiwan (40.8 percent), Peru (37.2 percent), Indonesia (35.9 percent), Korea (35.8 percent, Brazil (35.5 percent), Malaysia (34.4 percent), Argentina (33.1 percent), and China (32.2 percent).

In addition, Ex-Im Bank reported it authorized an estimated $8 billion in total authorizations for the first quarter of Fiscal Year 2011 (October, November and December, 2010), supporting nearly $9.3 billion in export sales and 66,000 American jobs in communities across the country.

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