Fords are loaded for export at the Port of Baltimore. Photo: Bill McAllen / Port of Baltimore

When most people think about countries that export cars one name that’s usually not on their list is the United States, but the U.S. is exporting more cars than ever. According to the Detroit News, the record total this year is likely to reach 2 million units and perhaps even more surprising than that number if the fact that half of the exports are cars made by GM, Ford and Chrysler. The remainder come from assembly plants located in the U.S. owned by German, Japanese and Korean automakers. Cars are the most valuable manufacturing export from the U.S., followed by aerospace. Spurring the growth in exports is the fact that the United States is currently one of the less expensive places to build a car, due to favorable currency exchange rates and reduced labor costs. (Read More…)