To understand more fully the dimensions of export credit activity globally, the National Association of Manufacturers (NAM) commissioned The Economist Intelligence Unit (EIU)1 to research and detail the activities and policies of the world’s leading foreign export credit agencies (ECAs). That research, as detailed below, demonstrates that major foreign ECAs are far larger than the U.S. Export-Import (Ex-Im) Bank and are growing strongly to support foreign manufacturers and exporters.
The EIU found that the nine largest foreign ECAs provided approximately $488 billion in export financing support in 2013, more than 18 times the level of the Ex-Im Bank
Scope of EIU Research and Analysis
The EIU researched and provided an analysis of the primary ECAs of nine of our largest trading partners and compared that data to the U.S. Ex-Im Bank. The nine ECAs—Brazil, Canada, China, France, Germany, Japan, Mexico, South Korea and the United Kingdom—are listed in Appendix A. The EIU’s data gathering and analysis only examined comparable data from the main, official ECA of each country reviewed—those whose primary business is trade financing. Given that several of these countries have multiple entities providing similar export assistance, the data in this analysis likely understate the size of the global export credit supply.
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