The current backlog of license applications is the longest in more than three decades, according to one US official. In fiscal year 2023, the BIS processed 37,943 export license applications. However, the agency has struggled to keep up with the increasing volume of applications.

US Commerce Bureau faces backlog of export applications, including critical technology

The US State Department said on Wednesday (January 25) that the sales of military equipment to foreign governments increased 49 per cent to $205.6 billion in the latest fiscal year.

United States arms exports to foreign governments rose 49% in fiscal 2022

America's trade deficit continued to tumble in November, hitting its lowest level in three years as imports of crude oil, computers and industrial supplies fell off sharply, the government reported Tuesday.

Plunging US imports push trade deficit to 3-year low in November

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US Commerce Bureau faces backlog of export applications, including critical technology

United States arms exports to foreign governments rose 49% in fiscal 2022

Plunging US imports push trade deficit to 3-year low in November