||In this papers, I quantitatively examine the effect of credit market imperfections on the dynamics of exports following a monetary expansion. A surprise devaluation reduces the value of the liquid net worth of export firms. The finance costs of export firms rises due to an increase in default risk. This produces a delayed response of exports to a persistent money shock. In addition, I examine a utility function for entrepeneurial owners of export firms such that they are risk neutral, but do not have infinite intertemporal substitution.