THE AUTO INDUSTRY IS AMERICA'S LARGEST EXPORTER
Automakers and their suppliers are America’s largest exporters, beating the next best-performing industry by nearly $36 billion in exports over the past ten years.
Top Five U.S. Exporters by Industry (2018, in billions)
The automotive sector represents the nation’s No. 1 export industry and is responsible for driving job creation and economic growth across the country. The U.S. automotive sector has seen its exports rise by 76% since 2009.
Each year, Ford, General Motors and Stellantis export about 1 million American-made vehicles to more than 100 different foreign markets. This is further evidence of the economic significance of U.S. exports to job creation.
Increased exports have far reaching impacts on the economy overall. Ford, General Motors and Stellantis produce more of their vehicles, buy more of their parts, conduct more of their research and base more of their workers in the United States than their competitors. These differences represent billions of dollars in investment and purchases, representing millions of American jobs.
Automaker and Supplier Exports (in billions)
The U.S. automotive sector has seen its exports rise by 76% since 2009.
-
Ford develops solar powered car for everyday use
Ford has developed a concept model that runs primarily on solar power, which could bring the world one step closer to having a vehicle for everyday driving t
-
All-new Ford Mustang is Named 'Official Car' of 2014 International CES; New Technology To Be Announced at Show
The most technologically advanced version of Ford’s iconic pony car will take center stage at the 2014 International CES® as the all-new Mustang is recognize
-
Congressional Negotiators Reach Deal on Fast-Track Trade Bill, Aides Say
House and Senate negotiators have reached agreement on legislation to speed congressional approval of foreign trade pacts, including a major Asia-Pacific agr
-
Levin, Portman urge Congress to tackle currency manipulation
Two key senators said Friday they want Congress to include provisions discouraging currency manipulation in legislation on fast-track authority on free trade
-