Figures released by US authorities reveal that the US is on track to meet President Obama’s goal of doubling exports over the next five years.
The goal comes as part of the National Export Initiative which was launched by the US president at the annual Export-Import Bank of the United States (US Ex-Im) conference in March this year.
The figures released by the Census Bureau and the Bureau of Economic Analysis of the US Commerce Department show that US exports of goods and services have gone up by 16.9% during the first four months of 2010.
US exports totalled US$587.4bn between January and April of 2010, with exports to Taiwan increasing by a massive 75%.
Exports to Korea, Malaysia, Turkey, China and Singapore all also saw significant increases in volume.
Fred Hochberg, chairman and president of US Ex-Im, says: “We continue to be encouraged by strong US export growth in 2010. US Ex-Im is committed to supporting the president’s goal by helping more US businesses to increase of begin export sales.”
Reader Comments