The Export-Import Bank and Trade Finance

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In an increasingly global marketplace, manufacturers rely on access to competitive trade finance tools – export credit, credit insurance and working capital – to seal the deal with overseas customers. When there are gaps in the private finance markets, the U.S. Export-Import Bank and other U.S. government export financing tools are critical trading tools that boost the ability of manufacturers in the United States to compete on a level playing field around the world. Given that nearly one-third of U.S. economic growth since mid-2009 has been driven by exports, the Ex-Im Bank’s role is critical to America’s growth. Since FY2014, Ex-Im has supported more than $50 billion of U.S. sales to foreign customers.

The NAM leads industry efforts to promote a fully functioning Ex-Im Bank and to promote other export financing tools to improve the ability of manufacturers in the United States to compete more successfully for overseas sales.


Latest News From the NAM
NAM Calls for Action on Ex-Im Board

“At a time when manufacturing has captured the imagination of our leaders and the American people, I know our policymakers are eager to implement a strategy that will make our companies as competitive as possible in every market. I see the Ex-Im Bank as a vital component of that strategy.”

NAM President and CEO Jay Timmons, April 6, 2017

Mr. Timmons was joined on stage at the Ex-Im Bank annual conference by BTE Technologies President Charles Wetherington, who highlighted the import role that the Ex-Im Bank plays in supporting small business exporters.

 
 


Ex-Im Bank Logo

The NAM serves as co-chair of the Exporters for Ex-Im Coalition, which represents small, medium and large Ex-Im Bank users across the country.

Understand the Issue

U.S. exports accounted for about one-third of GDP growth from 2009 to 2014, but the current macroeconomic environment poses serious risks for manufacturers and manufacturing exporters.

Ex-Im Bank programs, such as working capital loan guarantees and credit insurance guarantees, enable thousands of U.S. small businesses to export by ensuring that they have the financing they need to manufacture goods for export and provide competitive terms for their customers.

Countries like China, Germany, the United Kingdom and Italy are devoting hundreds of billions of dollars to official export credit agency (ECA) financing for domestic manufacturers while U.S. exporters have no access to official export credit financing.


Read the White Paper

Martin Richenhagen is chairman and CEO of AGCO Corp., a publicly traded manufacturer (AGCO) of agricultural equipment headquartered in Duluth, Ga., that sells its products in 140 countries. He was in Washington, D.C., this week to attend the President’s Advisory Council on Doing Business in Africa, but he also took time to lobby for the Export-Import Bank’s reauthorization and talk to the National Association of Manufacturers.

Stories From the Shopfloor: The Ex-Im Bank matters to manufacturers

Since the 1990s, CNH Industrial -- and our suppliers -- have benefitted from Ex-Im Bank financing to export over $1 billion worth of equipment, supporting over 100,000 U.S. jobs.

Click Bond Director of Strategic Partnerships Paul McNeill says… critics fail to recognize Ex-Im’s downstream impact on small and mid-size manufacturers that do not contract directly with Ex-Im Bank.

Ellicott Dredges sells equipment to more than 100 countries with foreign sales representing over half of the company’s revenues. Company President Peter Bowe says the uncertainty that Congress has created over the reauthorization of the Ex-Im Bank is causing concern from foreign customers...

Ex-Im-Bank-Reauthorization-Advertisement
The NAM took out ads in both Politico and CQ Roll Call, urging for a long-term reauthorization of The Ex-Im Bank.

New research published by the NAM documents the massive size and growth of foreign export credit activity. Most developed countries and many developing countries have official export credit agencies (ECAs), with more than 60 operating worldwide. With the nine largest foreign ECAs--Brazil, Canada, China, France, Germany, Japan, Mexico, South Korea and the United Kingdom--providing nearly half a trillion dollars in annual export support, manufacturers in the United States are at a deep disadvantage in competing for sales overseas:

Forfeiting Opportunity

Ex-Im Bank reauthorization is essential for manufacturers to compete globally in the face of massive foreign export credit financing  
The Global Export Credit Dimension

The size of foreign export credit agencies compared to the Export-Import Bank of the United States  


 


   

NAM in the News

Press Releases

  • 12/02/2016
    Manufacturers Call for Action on Ex-Im in Lame Duck
    NAM President and CEO Jay Timmons issued a statement calling on Congress to use the lame-duck session to restore the U.S. Export-Import (Ex-Im) Bank to full functionality.
  • 09/28/2016
    Politics Win Over Jobs
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued a statement urging Congress to move legislation, as part of the upcoming Continuing Resolution, that would allow the U.S. Export-Import (Ex-Im) Bank to consider and act on all transactions immediately.
  • 09/08/2016
    Business Leaders: Fully Functioning Ex-Im Bank Vital to Our Competitiveness
    NAM President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued a statement urging Congress to move legislation, as part of the upcoming Continuing Resolution, that would allow the U.S. Export-Import (Ex-Im) Bank to consider and act on all transactions immediately.