The Export-Import Bank of the United States approved more than $27 billion in authorizations during fiscal-year 2013, it said Monday.
"This year, American businesses exported a record $2.3 trillion worth of goods and services, and Ex-Im Bank played a key role in that success," stated Ex-Im Bank Chairman and President Fred Hochberg.
Ex-Im Bank worked with more than 3,400 small businesses, which equated to 89 percent of all transactions, making it the highest number of small business deals in its history.
The bank set another record in the fiscal year, authorizing financing for 3,842 export transactions, which are estimated at a value of $37.4 billion.
In addition, the report showed that for the fiscal year, manufacturing was the industry with the highest authorized amount at $8.4 billion, surpassing the aircraft industry for the first time since 1997.
A complete picture of Ex-Im Bank's activities will be outlined in its 2013 report, which will be available next week at www.exim.gov