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Barbara Weltman

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Exports growing

June 19, 2013 / By Hudson Fusion

The Commerce Department reports that exports in the first quarter of 2013 were the highest ever at $554.7 billion. Other factoids from the Commerce Department: A record 287,000 U.S. SMEs exported goods in 2010, accounting for 98% of all identified exporters; the Export-Import (Ex-Im) Bank helped more than 3,300 small businesses expand their export sales in 2012, of which 650 small businesses were new Ex-Im Bank users; and since the launch of the National Export Initiative in January 2010, the Small Business Administration has backed more than 2,400 loans to 3,500 small businesses.

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