The Ex-Im Bank and the Small Matter of $37 Billion

THE EX-IM BANK AND THE SMALL MATTER OF $37 BILLION LET'S PUT $37 BILLION IN PERSPECTIVE: IT'S MORE THAN U.S. MERCHANDISE EXPORTS LAST YEAR TO FRANCE ($32 BILLION), AUSTRALIA ($26 BILLION), INDIA ($21.9 BILLION). OR THE ENTIRE CONTINENT OF AFRICA ($35 BILLION). IT'S TWICE AS MUCH AS ALL 2013 U.S. MERCHANDISE EXPORTS TO COLOMBIA (S18.6 BILLION), ITALY ($16.5 BILLION), OR ISRAEL ($13.7 BILLION). $35 BILLION $21.9 BİLLION $26 BILLION $32 BILLION $18.6 BILLION $16.5 BILLION IT'S TEN TIMES AS MUCH AS THE KEYSTONE XL PIPELINE WOULD CONTRIBUTE TO U.S. GDP DURING ITS CONSTRUCTION, A SUM ESTIMATED AT $3.4 BILLION. $13.7 BILLION $3.4 BILLION IT'S NEARLY AS MUCH AS THE SUM OF ALL OVERSEAS SALES LAST YEAR OF THE TOP THREE U.S. EXPORT CROPS -SOYBEANS (S22.9 BILLION), WHEAT ($10.7 BILLION), AND CORN ($7.8 BILLION). IT'S COMPARABLE TO THE TOTAL U.S. EXPORTS OF SUCH KEY INDUSTRIAL PRODUCTS AS TELECOMMUNICATIONS EQUIPMENT ($39.7 BILLION), SEMICONDUCTORS (S42.6 BILLION), MEDICAL EQUIPMENT ($34 BILLION), AND PHARMACEUTICALS ($47.9 BILLION). IT'S MORE THAN THE TOTAL 2013 MERCHANDISE EXPORTS OF THE FOLLOWING STATES COMBINED: ALASKA, DELAWARE, HAWAII, MAINE, MONTANA, NEW HAMPSHIRE, NEW MEXICO, NORTH DAKOTA, RHODE ISLAND, $39.7 BILLION $42.6 BILLION $34 BILLION $47.9 BILLION SOUTH DAKOTA, VERMONT, AND WYOMING. IT'S MORE THAN THE 2013 MERCHANDISE EXPORTS OF INDIANA, KENTUCKY, NEW JERSEY, NORTH CAROLINA, SOUTH CAROLINA, OR TENNESSEE. OF ENTER SPIRI U.S. CHAMBER OF COMMERCE ANDER O International Affairs