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.
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Japanese Automakers Must Play By World Rules
American manufacturers and automakers are an economic success story. Jobs are returning home and U.S. auto production next year will reach its highest level since 2007.
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Senate Passes Russia Trade Bill in 92-4 Vote
The Senate voted to grant Russia permanent normal trade relations (PNTR) status on Thursday.
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AAPC: Japan Must Truly Open Its Market Before Receiving Preferential U.S. Trade Benefits
American Automotive Policy Council (AAPC) President Matt Blunt today issued the following statement