Government

What does the do?

Updates published annually

The Export-Import Bank of the United States (EXIM) is an independent federal agency responsible for supporting the creation and maintenance of US jobs by financing the export of American goods and services to international markets. The agency provides loans, guarantees, and insurance to help US businesses compete globally and mitigate the risks associated with international trade. It was established in 1934 by an executive order of President Franklin D. Roosevelt to aid US companies during the Great Depression.

In FY 2024,

-$517M

in net spending was recorded by the Export-Import Bank of the United States

How much does the Export-Import Bank spend?

The Export-Import Bank of the United States spent -$517 million in fiscal year (FY) 2024. The department ranked 137th among federal agencies in total spending.

The Export-Import Bank of the United States accounted for <0.1% of all federal spending in FY 2024.

Share of Export-Import Bank of the United States net spending compared to the top ten highest spending agencies in FY 2024

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Export-Import Bank of the United States’ federal spending has decreased from $7.15 billion in 1980 to -$517 million in 2024.

The Export-Import Bank of the United States’s federal spending in FY 2024 was lower than in FY 1980.

Yearly federal net spending by Export-Import Bank of the United States, adjusted for inflation (2024 dollars), FYs 1980–2024

Since 1980, the Export-Import Bank of the United States' net spending has decreased by $7.67 billion, while overall federal spending has increased from $2.31 trillion (in 1980 dollars) to $6.78 trillion, or 193.7%.
As a percentage of the overall federal budget, a positive figure means agency net spending made up some positive portion of total spending; a negative number means that generated revenue offset a portion of spending. In 2024, the Export-Import Bank of the United States offset -0.0076% of all federal spending.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Export-Import Bank of the United States offset 0.0076% of overall federal spending in FY 2024.

Percentage of federal budget dedicated to Export-Import Bank of the United States, FYs 1980–2024

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2024, all of the Export-Import Bank of the United States' spending was direct.
The chart below outlines all net Export-Import Bank of the United States spending.

How did the Export-Import Bank of the United States spend its budget in 2024?

Federal government net spending isolated to Export-Import Bank of the United States, FY 2024

How many people work for the Export-Import Bank of the United States?

Some 418 of the 2.31 million total civilian federal employees work for the Export-Import Bank of the United States as of September 2024. This is 9.7% more people than the agency staffed in 2010.

The number of federal employees working for the Export-Import Bank of the United States has increased 9.7% since 2010.

Number of federal employees working for , September 2010–2024

Export-Import Bank of the United States accounts for 0.018% of the overall federal workforce. As the number of federal employees has changed, so too has the way the workforce is organized, with resources allocated to agencies depending on government priorities. Export-Import Bank of the United States constituted a similar share of the overall federal workforce in September 2024 than in 2010 (0.018%).
While the number of employees on an agency’s payroll contributes to that agency’s expenditures, some agencies have relatively few employees compared to their budget or vice versa, giving them an outsized share of either the budget or the workforce. According to the most recent data, the Export-Import Bank of the United States' share of the workforce (0.018%) is larger than its share of the budget (0.0076%).

Who leads the Export-Import Bank of the United States?

EXIM is led by a President and Chairman. The President of EXIM is nominated by the President of the United States and confirmed by the Senate. The President of EXIM serves at the discretion of the President of the United States and typically remains in office until they resign, are replaced, or a new administration appoints a successor.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.

  • Office of Personnel Management

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  • Office of Management and Budget and US Department of the Treasury

    Budget of the US Government and Monthly Treasury Statement

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