News

Washington, DC – The Export-Import Bank of the United States (EXIM) released the annual Report to the U.S. Congress on Global Export Credit Competition for calendar year 2023, also known as the EXIM Competitiveness Report. This year’s report focuses on the increased support of export credit agency (ECA) activity globally and their expanded roles in global finance. A summary of key findings includes:

• The increased global proactivity of ECAs as they step away from previously held roles as ‘lenders of last resort;’
• Official export credit and trade-related activity volumes combined reached their highest level since the COVID-19 pandemic;
• A continued focus on expanding climate finance capabilities;
• EXIM becoming a more competitively innovative agency with the success of its China and Transformational Exports Program and Make More in America initiative;
• Italy and Germany led official export credit activity compliant under the OECD Arrangement, each providing more than $10 billion.

“This year’s competitiveness report highlights the strides that EXIM is making as we continue our work to expand and increase the export of American goods and services while supporting the priorities of the Biden-Harris Administration,” said EXIM President and Chair Reta Jo Lewis. “I am truly pleased with the recognition of our increased innovation – especially as it relates to our flagship Make More in America initiative and China and Transformational Exports Program. I am also excited to see the significant boost in overall ECA activity volumes. These numbers go a long way in illustrating the effectiveness of ECAs as key players in the realm of global finance.”

Every year, the Competitiveness Report aggregates input from U.S. exporters and lenders as well as export credit agency counterparts and comprehensively analyzes official export credit and trade-related finance provided by governments around the world. The report includes an annual global survey of official medium- and long-term export credit practitioners, and an accounts of U.S. exporter and lender experiences with EXIM during that period.

Also included in the report are the recommendations from EXIM’s 2023-2024 Advisory Committee and Sub-Saharan Africa Advisory Committee as well as the four subcommittees.

The report fulfills the agency’s statutory requirement to report on EXIM’s ability to provide financing that is competitive with other major foreign government providers of export credit and how EXIM enables U.S. companies to be competitive in global export sales.

About EXIM: 

The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.